CAG Price Prediction Next Week
Technical Analysis
CAG has shown a bearish trend with significant put options activity, indicating market pessimism. The stock is trading below both 50-day and 200-day moving averages, confirming the downward momentum.
News Impact
- Recent bearish options activity with 1,555 puts traded and Put/Call Ratio of 2.25
- Potential impact from Trump's reciprocal tariffs announcement, which could affect food can costs and impact margins
- Upcoming CAGNY Conference presentation on February 18, 2025, where management will discuss business strategies
Price Forecast (Next Week) Based on technical indicators and news sentiment:
- Resistance: $26.37
- Support: $25.04
- Target Price Range: $24.80 - $25.50
Trading Recommendation: SELL Rationale:
- Bearish options flow suggests downward pressure
- Potential negative impact from tariffs on packaging costs
- Technical indicators showing continued weakness
- Below key moving averages
- Upcoming earnings on April 3rd could bring volatility
Price Targets
- Short-term (1 week): $24.80 (Most likely scenario)
- Stop-loss: $26.40
- Take profit: $24.50
The stock is expected to continue its downward trend next week, with increased selling pressure due to bearish options activity and potential impact from new tariffs. The most probable scenario suggests a decline to $24.80, representing approximately 2% downside from current levels.
CAG Similar Chart Price Prediction
The price of CAG is predicted to go up 4.17%, based on the high correlation periods with VTRS. The similarity of these two price pattern on the periods is 96.22%.
CAG
VTRS
Up: 4.17%Similarity: 96.22%
CAG Revenue Forecast
CAG EPS Forecast
CAG FAQs
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CAG VS S&P500
Conagra's premiumization of its product portfolio has led to growing price per unit, which could help drive higher margins than we expect.
More than half of Conagra's sales come from higher growth categories of frozen foods and snacks, which could buoy sales in excess of our expectations.
Hedging, price increases, and cost management could help Conagra to recover margin in the face of input cost inflation better than we forecast.
CAG Analyst's Forecast
Matthew Smith
Stifel
Hold
2025-02-19
Price Target
$28 → $26
Upside
+7%
Stifel lowered the firm's price target on Conagra Brands to $26 from $28 and keeps a Hold rating on the shares after the company hosted the opening reception to kick off CAGNY on Monday and lowered its FY25 outlook for revenue, profit margin, and EPS due to supply chain issues. The company also highlighted its growing Frozen and Snacking businesses and the macro trends supporting continued growth, notes the analyst.
Matthew Smith
Stifel
Hold
2025-01-24
Price Target
$30 → $28
Upside
+8.63%
Andrew Lazar
Barclays
Buy
2024-12-23
Price Target
$33 → $32
Upside
+16.19%
