Quick Summary:
- Kroger (KR, Financial) receives a "Buy" rating from Guggenheim, with a raised price target to $73 due to strong growth drivers.
- Analysts set average price targets at $67.85, with estimates ranging from $57.00 to $75.00.
- GuruFocus GF Value estimates a potential downside of 25.96%, highlighting a possible overvaluation.
Guggenheim's Optimistic Rating
The Kroger Co. (KR) has caught the attention of Guggenheim, which has upgraded its recommendation to a "Buy" and increased its price target to $73. This enhancement is underpinned by the retailer's significant strides in operational growth, particularly in its ESI network, Media business, and KR Delivery services. Additionally, Bank of America analysts echo this optimism, citing Kroger’s robust financial performance and well-thought-out strategic initiatives as key contributors to its market appeal.
Wall Street Analysts Forecast
Analyzing insights from 19 analysts over a one-year period, The Kroger Co (KR, Financial) commands an average price target of $67.85. Estimates vary significantly, with a high of $75.00 and a low of $57.00. This average price target infers a potential downside of 4.74% from Kroger's current stock price of $71.22. For further detailed projections, visit the The Kroger Co (KR) Forecast page.
Brokerage Recommendations and GuruFocus Valuation
The consensus from 25 brokerage firms places The Kroger Co's (KR, Financial) average recommendation at 2.3, classifying it as "Outperform." The recommendation system ranges from 1 (Strong Buy) to 5 (Sell), providing a clear indicator of analyst sentiment.
Looking at the GF Value provided by GuruFocus, the estimated fair value for The Kroger Co (KR, Financial) over the next year is $52.73. This suggests a potential downside of 25.96% from the prevailing market price of $71.22. The GF Value metric is a comprehensive evaluation of the stock's fair value, derived from historical trading multiples, past growth trajectories, and future performance predictions. For more in-depth information, please visit the The Kroger Co (KR) Summary page.
