Stephens Rates Casey's General Stores (CASY) buy

Stephens maintains a buy rating for Casey's General Stores, setting a price target of $975, a 14.64% upside from the current price.

By EarningsIQ Research Desk · Published Jun 12, 2026, 9:11 PM EDT · Updated Jun 17, 2026, 2:01 PM EDT

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Stephens rated Casey's General Stores, Inc. ($CASY) "buy" with a $975 price target on June 12, 2026.

Since the rating, $CASY is down 7.1% after 1 week, down 4.0% after 1 month and down 22.9% to date (from the $894.47 close on Jun 12, 2026).

CASY Casey's General Stores, Inc.

$689.22 +24.20% year to date

Daily close · Oct 16, 2026

Key Points

On June 12, 2026, Stephens reiterated its buy rating on Casey's General Stores, setting a price target of $975. The stock was trading at $850.50 at the time of the announcement.
Stephens's $975 price target implies 14.64% upside from Casey's General Stores, Inc.'s ($CASY) current $850.50 share price.
Casey's General Stores has a market cap of about $21.6 billion and has shown revenue growth of 24.3% over the past year.
The stock has a P/E ratio of approximately 28.2, and the next earnings report is expected on December 8, 2026.

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Stephens Maintains Buy Rating with High Target

On June 12, 2026, Stephens reiterated its buy rating for Casey's General Stores, Inc. (NASDAQ: CASY) with a price target of $975. The stock was trading at $850.50 on that day. This action reflects confidence in the company's future performance amid varying ratings from other analysts.

How This Call Compares to Other Ratings

Stephens' $975 target stands out against recent analyst opinions. For instance, RBC Capital recently upgraded its rating to Outperform with a target of $825, down from $910. Similarly, Evercore ISI Group maintained an Outperform rating but lowered its target to $775 from $880. This context shows that while some analysts are optimistic, they are also adjusting their expectations downward.

Stock Performance Context

Casey's General Stores' stock has been trading below its 52-week high of $927.85, reaching a low of $497.38. Its current trading price of $850.50 is above its 50-day moving average of $790.01, suggesting it has been performing relatively well in the short term. The stock's P/E ratio of 28.2 indicates it is valued at a premium compared to some peers in the specialty retail sector.

12-month forecast

$CASY price target

Casey's General Stores, Inc. daily closes and this analyst's $975 target. Not advice.

Recent Insider Activity

Recent insider transactions have included sales by Chief Legal Officer Katrina Lindsey, who sold 2,000 shares at an average price of $800 on June 29, 2026, valued at $1.6 million. On June 26, 2026, Mike Spanos, another insider, bought 256 shares at an average price of $778.81, totaling about $199,375. These transactions may reflect personal financial decisions rather than company outlook.

Analysts Set New Price Targets

The consensus among analysts is mixed but generally positive. With 19 analysts covering the stock, the average target price is around $790.53. This reflects a consensus rating of "buy," suggesting that many believe the stock has potential for growth.

What Casey's General Stores, Inc. Does

Casey's General Stores operates convenience stores across the U.S. under the Casey's brand, offering a wide range of food, beverages, and motor fuel. With a workforce of about 23,490 employees, the company has been expanding its presence in the consumer cyclical sector, focusing on convenience and quality.

What to Watch at Casey's General Stores, Inc.

Investors will be looking forward to Casey's next earnings report, scheduled for December 8, 2026. As always, it's essential to remember that the 13F filings reflect past positions and might not represent current holdings. Analysts will continue to monitor how the company's performance aligns with their expectations and targets.