Casey’s General Stores Inc. shares rose 3.06% and reached a 52-week high amid positive market conditions.
BofA Securities analyst Lisa K. Lewandowski initiated coverage on Casey’s with a Buy rating and a $700 price target, highlighting the company's strong foodservice growth potential and competitive advantages in the convenience store market. The analyst expects Casey’s EBITDA to maintain an 8% to 10% growth rate, driven by its higher-margin foodservice mix and regional fuel sales performance, indicating a solid outlook for the company.
The initiation of coverage by BofA reflects confidence in Casey’s growth trajectory, particularly as it capitalizes on its rural footprint and foodservice expansion, which could enhance its market position in the convenience store sector.
Wall Street analysts forecast CASY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CASY is 609.33 USD with a low forecast of 530.00 USD and a high forecast of 700.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
Wall Street analysts forecast CASY stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CASY is 609.33 USD with a low forecast of 530.00 USD and a high forecast of 700.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 615.290
Low
530.00
Averages
609.33
High
700.00
Current: 615.290
Low
530.00
Averages
609.33
High
700.00
KeyBanc
NULL -> Overweight
maintain
$650 -> $680
2026-01-26
New
Reason
KeyBanc
Price Target
$650 -> $680
AI Analysis
2026-01-26
New
maintain
NULL -> Overweight
Reason
KeyBanc raised the firm's price target on Casey's General Stores to $680 from $650 and keeps an Overweight rating on the shares. The firm cites the company's improving outlook.
RBC Capital
Sector Perform
maintain
$591 -> $662
2026-01-23
Reason
RBC Capital
Price Target
$591 -> $662
2026-01-23
maintain
Sector Perform
Reason
RBC Capital raised the firm's price target on Casey's General Stores to $662 from $591 and keeps a Sector Perform rating on the shares as part of a broader research note on Convenience Stores. Relative strength in gas margins, long-term track record of demand stability, and year-to-date momentum continuing into Q4 are supportive of the firm's constructive view of the sector despite the backdrop of muted and value-oriented consumer spending augmented by uncertainty surrounding economic and geopolitical activities, the analyst tells investors in a research note.
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Northcoast
Charles Cerankosky
Buy -> Neutral
downgrade
2026-01-21
Reason
Northcoast
Charles Cerankosky
Price Target
2026-01-21
downgrade
Buy -> Neutral
Reason
Northcoast analyst Charles Cerankosky downgraded Casey's General Stores to Neutral from Buy.
BNP Paribas
Outperform
initiated
$730
2026-01-20
Reason
BNP Paribas
Price Target
$730
2026-01-20
initiated
Outperform
Reason
BNP Paribas initiated coverage of Casey's General Stores with an Outperform rating and $730 price target.
About CASY
Casey’s General Stores, Inc. and its subsidiaries operate approximately 2,900 convenience stores in 19 states. It offers self-service fuel, a wide selection of grocery items and an array of freshly prepared food items. All convenience stores carry a selection of food items (which at most stores include freshly prepared foods, such as regular and breakfast pizza, donuts, hot breakfast items, and hot and cold sandwiches), beverages, tobacco and nicotine products, groceries, health and beauty aids, automotive products, and other non-food items. It offers a range of fuels, including E-10 gasoline, High Octane gasoline, Biodiesel, Winterized diesel, and Ethanol-free gasoline. It sells a range of tobacco products in-store, including e-cigarettes and vapor, chewing tobacco, nicotine pouches, and rolling papers and accessories. Its card services include Casey's Gift Cards, Casey's Visa Signature Card, and Casey's Business Mastercard & Casey's Business Advantage Card.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
