Wall Street Analysts See Upside Potential for 5 Stocks with Rising Price Targets

01. Casey’s General Stores, Inc. (NASDAQ:CASY)

Upside Potential: 22%

On December 13, Stephens increased its target price on Casey’s General Stores, Inc. (NASDAQ:CASY) from $305.00 to $340.00 while maintaining an Overweight rating on the shares. This upward revision reflects Stephens’ optimistic outlook for Casey’s General Stores, Inc. (NASDAQ:CASY) within its coverage. With Casey’s General Stores, Inc. (NASDAQ:CASY) current stock price at $278.13, the revised target price suggests an upside potential of 22%. This indicates that Stephens sees robust growth prospects for Casey’s General Stores, Inc. (NASDAQ:CASY) stock and foresees an increase in the company’s valuation. The Overweight rating emphasizes Stephens’ belief that Casey’s General Stores, Inc. (NASDAQ:CASY) is well-positioned within its industry, and investors may interpret this as a strong endorsement to consider the stock for their portfolios. The target raise reflects Stephens’ updated analysis of Casey’s General Stores, Inc. (NASDAQ:CASY) fundamentals and market conditions, providing valuable guidance for investors navigating the retail or convenience store sector.

ClearBridge Mid Cap Strategy made the following comment about Casey’s General Stores, Inc. (NASDAQ:CASY) in its third 2023 investor letter:

“The Strategy’s consumer staples holdings also fared well. One of our top performers was Casey’s General Stores, Inc. (NASDAQ:CASY), which operates convenience stores and gas stations. The company continues to drive greater growth and improve internal performance through the expansion of its private label offerings, while a cooling labor market has helped alleviate wage pressures on margins. By deliberately focusing its geographic footprint on smaller communities, the company has high market share in the regions it serves as well as pricing power, which we believe will continue to be long-term earnings drivers.”

Disclosure: None. You can also take a look at 11 Cheapest Stocks With Biggest Upside and 13 Best Nancy Pelosi Stocks To Buy Now.