11 Analysts Assess Kroger: What You Need To Know
Portfolio Pulse from Benzinga Insights
Analysts have provided diverse opinions on Kroger (NYSE:KR) with a recent shift towards more bullish sentiments. The average 12-month price target for KR has been raised to $57.64, marking a 10.85% increase from the previous target of $52.00. Analyst actions include rating adjustments and price target changes, reflecting a positive outlook on Kroger's financial performance, including revenue growth, net margin, ROE, ROA, and debt management. Kroger's potential acquisition of Albertsons for $25 billion, pending regulatory approval, could further impact its market position.
March 26, 2024 | 5:01 pm
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Analysts have shifted towards a more bullish stance on Kroger, with an increased average price target of $57.64. The company's strong financial performance and potential acquisition of Albertsons highlight its growth prospects.
The increase in the average price target to $57.64, up from $52.00, reflects a positive outlook from analysts based on Kroger's financial performance and strategic moves, including the potential acquisition of Albertsons. This bullish sentiment, supported by strong revenue growth, net margin, ROE, ROA, and effective debt management, suggests a likely upward movement in KR's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100