CASY trades 37.9% below Wall Street's consensus target of $823.57.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CASY achieves its forward estimates and maintains a stable P/E multiple of 28.0x. This scenario reflects the blended consensus of 26 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 24, 2026, Casey's General Stores, Inc. (CASY) has a Wall Street consensus price target of $823.57, based on estimates from 26 covering analysts. With the stock currently trading at $597.31, this represents a potential upside of +37.9%. The company has a market capitalization of $22.14B.
Analyst price targets range from a low of $687.00 to a high of $1069.00, representing a 46% spread in expectations. The median target of $777.50 differs from the mean, suggesting potential outlier estimates.
The current analyst consensus rating is Buy, with 18 analysts rating the stock as a Buy or Strong Buy,8 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, CASY trades at a trailing P/E of 31.2x and forward P/E of 28.0x. The forward PEG ratio of 1.56 indicates reasonable valuation for growth. Analysts expect EPS to grow +2.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $990.59, with bear and bull scenarios of $624.07 and $1305.21 respectively. Model confidence stands at 63/100, reflecting moderate uncertainty in projections.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 MUSAMurphy USA Inc. | $9.4B | $506.24 | $605.67 | +19.6% | Hold | 14.5x | 11 |
 ARKOArko Corp. | $475M | $4.23 | $14.50 | +242.8% | Hold | 38.5x | 4 |
 CAPLCrossAmerica Partners LP | $837M | $21.93 | — | — | Hold | 16.5x | 15 |
 SUNSunoco LP | $10.3B | $75.06 | $79.60 | +6.0% | Hold | 8.7x | 24 |
 NTBThe Bank of N.T. Butterfield & Son Limited | $2.3B | $58.11 | $61.00 | +5.0% | Hold | 9.7x | 7 |
 DRVNDriven Brands Holdings Inc. | $2.0B | $12.34 | $15.47 | +25.4% | Buy | 10.3x | 15 |
 IMKTAIngles Markets, Incorporated | $1.6B | $83.07 | — | — | — | — | — |
 COKECoca-Cola Consolidated, Inc. | $14.7B | $187.49 | — | — | Hold | — | 1 |
 SBUXStarbucks Corporation | $107.3B | $94.14 | $115.50 | +22.7% | Buy | 36.0x | 59 |
 DPZDomino's Pizza, Inc. | $9.8B | $296.43 | $378.79 | +27.8% | Buy | 15.6x | 52 |
Quick answers to the most common questions about buying CASY stock.
The consensus Wall Street price target for CASY is $823.57, representing 37.9% upside from the current price of $597.31. With 26 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
CASY has a consensus rating of "Buy" based on 26 Wall Street analysts. The rating breakdown is predominantly bullish, with 18 Buy/Strong Buy ratings. The consensus 12-month price target of $823.57 implies 37.9% upside from current levels.
CASY trades at a forward P/E of 27.9776x, representing a moderate valuation. With analysts targeting $823.57 (37.9% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $1069 for CASY, while the most conservative target is $687. The consensus of $823.57 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, 18 have Buy ratings, 8 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 $823.57, with estimates ranging from $687 (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 28.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 31.2x. 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 very optimistic on CASY, with a "Buy" consensus rating and $823.57 price target (37.9% upside). 18 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 $687 to $1069, a 46% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $823.57 consensus represents the middle ground. Our model's $624-$1305 range provides an independent fundamental perspective.
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