14.9% Below Target

Casey's General Stores, Inc. (CASY) has a consensus 12-month price target of $927.31, implying 14.9% upside from $807.18. The 26 analysts covering CASY see moderate appreciation potential.

CASY has a consensus rating of "Buy" based on 26 Wall Street analysts. The rating breakdown is predominantly bullish, with 17 Buy/Strong Buy ratings. The consensus 12-month price target of $927.31 implies 14.9% upside from current levels.

At a forward P/E of 37.9878x, CASY trades at a premium valuation. The consensus price target of $927.31 (14.9% upside) suggests analysts still see growth justifying the multiple.

The most bullish Wall Street analyst has a price target of $1069 for CASY, while the most conservative target is $730. The consensus of $927.31 represents the median expectation. Our quantitative valuation model projects a bull case target of $1305 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

CASY is heavily covered by Wall Street, with 26 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 17 have Buy ratings, 9 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

The 12-month CASY stock forecast based on 26 Wall Street analysts shows a consensus price target of $927.31, with estimates ranging from $730 (bear case) to $1069 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $991, with bear/bull scenarios of $624/$1305.

Our quantitative valuation model calculates CASY's fair value at $991 (base case), with a bear case of $624 and bull case of $1305. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 63/100.

CASY trades at a forward P/E ratio of 38.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 42.1x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Wall Street analysts are optimistic on CASY, with a "Buy" consensus rating and $927.31 price target (14.9% upside). 17 of 26 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

CASY analyst price targets range from $730 to $1069, a 37% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $927.31 consensus represents the middle ground. Our model's $624-$1305 range provides an independent fundamental perspective.