CASY Should I Buy
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Casey's General Stores Inc (CASY) is a good buy for a beginner investor with a long-term strategy and $50,000-$100,000 available for investment. The stock demonstrates strong financial performance, bullish technical indicators, and positive sentiment from hedge funds and analysts. Despite the absence of recent news or congress trading data, the company's consistent growth and favorable market outlook make it a solid choice.
The technical indicators are bullish. The MACD is positively expanding, the RSI is neutral at 73.02, and the moving averages show a bullish trend (SMA_5 > SMA_20 > SMA_200). The stock is trading above key pivot levels, with resistance at 671.468 and support at 642.715.
Hedge funds are significantly increasing their positions in CASY, with a 1685.17% increase in buying activity last quarter.
Analysts have raised price targets recently, with KeyBanc setting a target of $680 and BNP Paribas projecting $
Strong financial performance in Q2 2026, with revenue, net income, EPS, and gross margin all showing double-digit YoY growth.
Insider trading activity is neutral, with no significant trends.
One analyst downgrade (Northcoast) to Neutral from Buy.
The broader market (S&P
is down 1.54%, indicating potential macroeconomic headwinds.
In Q2 2026, revenue increased by 14.17% YoY to $4.51 billion, net income rose by 14.05% YoY to $206.34 million, EPS grew by 14.02% YoY to 5.53, and gross margin improved by 2.66% YoY to 22.42%. These figures highlight strong and consistent growth.
Analysts are generally positive on CASY. Recent upgrades include KeyBanc raising the price target to $680 and BNP Paribas initiating coverage with an Outperform rating and a $730 target. However, Northcoast downgraded the stock to Neutral. Overall, the sentiment leans bullish, with multiple firms highlighting the company's strong growth potential and stable margins.
