MCK Should I Buy
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McKesson Corp (MCK) is not an optimal buy for a beginner investor with a long-term strategy at this time. While the company has strong financial performance and positive analyst ratings, the stock is currently trading at a premium, insider selling has increased significantly, and recent news about the CFO transition has negatively impacted sentiment. Additionally, technical indicators suggest a lack of clear upward momentum, and no Intellectia Proprietary Trading Signals are present to indicate a strong buy opportunity. It is advisable to monitor the stock for a better entry point.
The MACD histogram is negative and expanding, indicating bearish momentum. RSI is neutral at 32.164, and moving averages are bullish (SMA_5 > SMA_20 > SMA_200). However, the stock is near its support level of 932.046, with resistance at 962.208. Pre-market price is down 0.79%, suggesting weak short-term sentiment.
Strong Q3 financial performance with revenue up 11.40% YoY, net income up 34.93% YoY, and EPS up 38.18% YoY. Analysts have raised price targets, with the highest being $1,107, citing strong execution in core segments.
Insider selling has increased by 144.45% in the last month. Recent news of CFO Britt Vitalone's retirement has caused a 5.5% drop in share price. The stock is trading at a 15% premium to its three-year average, which may limit upside potential.
In Q3 2026, McKesson reported revenue of $106.16 billion (+11.40% YoY), net income of $1.186 billion (+34.93% YoY), and EPS of $9.59 (+38.18% YoY). Gross margin improved to 3.46% (+1.47% YoY), reflecting strong operational performance.
Analysts are broadly positive, with multiple firms raising price targets recently. JPMorgan has the highest target at $1,107, and Barclays at $1,050. However, Wells Fargo and Mizuho maintain more cautious views with lower price targets and Neutral/Equal Weight ratings.
