Evercore ISI Group Rates Casey's General Stores (CASY) buy

Evercore ISI Reaffirms CASY Stance

Evercore ISI Group has reaffirmed its buy rating on Casey's General Stores, Inc. (NasdaqGS: CASY), with analyst Michael Montani maintaining a $975 price target on June 23, 2026. This call places the firm on the higher end of expectations for the convenience store operator compared to several peers across Wall Street.

Stock Performance and Valuation

Shares of Casey's changed hands around $781.01 recently, moving within a 52-week band spanning from a low of $497.38 up to a high of $927.85. The company carries a price-to-earnings ratio of 28.2 and a forward price-to-earnings ratio of 25.0 based on its latest financial metrics. Its 50-day moving average sits near $790.01, while the 200-day moving average tracks lower around $730.08.

Wall Street Analyst Updates

Other major financial institutions have recently adjusted their outlooks on the retailer. On October 15, 2026, RBC Capital shifted its stance by upgrading the stock to an Outperform rating with an $825 target, adjusting from a prior target of $910. Earlier in September, several other firms weighed in with updates. On September 11, 2026, Evercore ISI maintained an Outperform rating with a $775 target, down from $880. Raymond James upgraded the stock to Outperform with a $750 target on September 10, 2026. On the same day, UBS kept a Neutral rating while lowering its target to $720 from $925, and Keybanc maintained an Overweight rating with a $780 target. Wells Fargo kept an Overweight rating on September 9, 2026, adjusting its target to $750, while RBC Capital maintained a Sector Perform rating with a $910 target. Stephens & Co. reiterated an Overweight rating with a $975 target on the same date. Overall, the consensus recommendation rests at a buy across 19 total opinions, featuring a mean target of $790.52 with targets ranging from a low of $687 up to a high of $933.

Casey's Business Operations

Casey's General Stores, Inc. runs a vast network of convenience stores across the United States. These locations offer freshly prepared foods like pizza, donuts, and sandwiches, alongside beverages, snacks, and everyday household items. Customers also rely on these stores for self-service motor fuel, lottery tickets, and car wash services, supported by company-operated distribution centers.

Upcoming Financial Milestones

Investors keep a close watch on the company's financial calendar, with the next earnings report scheduled for December 8, 2026. That update will provide fresh data on revenue growth, net margins, and overall profitability for the retail chain.