Wells Fargo & Company Forecasts Strong Price Appreciation for Conagra Brands (NYSE:CAG) Stock

Conagra Brands (NYSE:CAG) had its price target hoisted by equities research analysts at Wells Fargo & Company from $18.00 to $20.00 in a research report issued to clients and investors on Tuesday,MarketScreener reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 6.30% from the stock’s current price.

A number of other brokerages have also recently issued reports on CAG. Wall Street Zen cut Conagra Brands from a “hold” rating to a “sell” rating in a research note on Saturday, December 27th. Bank of America lowered their price target on shares of Conagra Brands from $18.00 to $17.00 and set an “underperform” rating on the stock in a research report on Monday, December 22nd. Stifel Nicolaus cut their price objective on shares of Conagra Brands from $21.00 to $19.00 and set a “hold” rating for the company in a report on Thursday, December 11th. UBS Group reiterated a “neutral” rating and issued a $20.00 price objective on shares of Conagra Brands in a research note on Friday, February 13th. Finally, TD Cowen reissued a “hold” rating on shares of Conagra Brands in a report on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, Conagra Brands has a consensus rating of “Reduce” and an average price target of $19.07.

Conagra Brands Stock Performance

Shares of CAG stock opened at $18.82 on Tuesday. The firm’s 50-day simple moving average is $17.86 and its two-hundred day simple moving average is $18.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.28 and a current ratio of 0.89. Conagra Brands has a 52 week low of $15.96 and a 52 week high of $28.51. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of -85.52 and a beta of -0.01.

Conagra Brands (NYSE:CAG) last posted its quarterly earnings data on Friday, December 19th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Conagra Brands had a positive return on equity of 10.59% and a negative net margin of 0.87%.The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. Conagra Brands’s revenue for the quarter was down 6.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. As a group, equities analysts forecast that Conagra Brands will post 2.35 earnings per share for the current year.

Institutional Trading of Conagra Brands

A number of large investors have recently modified their holdings of CAG. Quaker Wealth Management LLC increased its position in shares of Conagra Brands by 202.3% in the second quarter. Quaker Wealth Management LLC now owns 1,227 shares of the company’s stock worth $25,000 after purchasing an additional 2,427 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Conagra Brands in the 2nd quarter worth approximately $26,000. Harbour Investments Inc. increased its holdings in shares of Conagra Brands by 80.4% in the 4th quarter. Harbour Investments Inc. now owns 1,573 shares of the company’s stock worth $27,000 after buying an additional 701 shares during the last quarter. True Wealth Design LLC increased its holdings in shares of Conagra Brands by 844.4% in the 3rd quarter. True Wealth Design LLC now owns 1,596 shares of the company’s stock worth $29,000 after buying an additional 1,427 shares during the last quarter. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Conagra Brands during the 2nd quarter valued at $29,000. Institutional investors own 83.75% of the company’s stock.

Key Stories Impacting Conagra Brands

Here are the key news stories impacting Conagra Brands this week:

• Positive Sentiment: Analyst price-target increases: Wells Fargo raised its PT to $20 (maintained Equal Weight) and Morgan Stanley nudged its PT to $19 — modest analyst support that signals limited upside from current levels. Wells Fargo raises PT to $20 Morgan Stanley raises PT to $19
• Positive Sentiment: Board refresh: Conagra added two independent directors (John Mulligan and Pietro Satriano), expanding the board to 12 — a governance move that investors typically view as constructive. Conagra appoints two directors
• Neutral Sentiment: Management reaffirmed FY‑2026 EPS guidance (1.70–1.85) and emphasized strong cash generation; this reduces downside risk but didn’t change the market’s view on near-term demand. Conagra reaffirms 2026 outlook
• Neutral Sentiment: CAG presented at the Consumer Analyst Group of New York (CAGNY); slides and prepared remarks reiterated strategy and priorities but offered no major surprises. Investors may wait for execution data. CAGNY prepared remarks CAGNY slideshow
• Neutral Sentiment: Valuation note: coverage pieces are flagging that shares are trading near consensus targets — a reminder that analysts’ room for upside is limited absent stronger revenue/earnings beats. Valuation review
• Negative Sentiment: Sector and demand worries pressured the stock: reports note Conagra shares fell despite the reaffirmed guidance as investors focused on soft category demand and broader packaged-food headwinds. That market sentiment is the primary driver of today’s decline. Investing.com: Conagra falls amid sector concerns
• Negative Sentiment: Analyst/market writeups called the company update underwhelming for near-term growth — coverage highlighting that the guidance was already baked in and failed to address demand trends, which amplified selling. Fool: Why CAG sank

Conagra Brands Company Profile

Conagra Brands, Inc is a leading packaged foods company based in Chicago, Illinois, with a broad portfolio of shelf-stable, frozen and refrigerated foods marketed under familiar brands. The company develops, produces and distributes a wide range of consumer food products, serving both retail grocery and foodservice channels. Conagra’s product lineup includes frozen entrees, snacks, condiments, baking goods and desserts, providing convenient meal solutions for consumers across North America and select international markets.

Among its well-known brands are Birds Eye, Healthy Choice, Lean Cuisine, Marie Callender’s and Banquet in the frozen foods category, as well as Hunt’s sauces, Orville Redenbacher’s popcorn, Slim Jim meat snacks and Reddi-wip toppings.