Conagra Brands Inc (CAG) Stock Price Prediction: 2025, 2026, 2030

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Conagra Brands Inc (CAG) is currently focused on navigating persistent cost inflation, including material increases resulting from trade tariffs on packaging steel and certain imported ingredients, which continue to squeeze operating margins. Investors can anticipate near-term volatility as the market waits for stabilization in the food and snack giant’s profitability.

In this article, we’ll examine price-target forecasts through 2030, analyze Wall Street’s latest sentiment, and break down the bullish and bearish outlooks shaping CAG’s risk/reward proposition.

Current CAG Stock Overview

• Market Cap: $8.56 billion
• Trailing P/E: 9.86
• Forward P/E: 9.88
• 1 Year Return: -35%
• YTD Return: -36%

According to Benzinga, Wall Street currently maintains a consensus Hold rating on Conagra Brands Inc. with an average price target of about $28. The most optimistic target is set at $44, and the most conservative target is at $16.

Quick Snapshot Table of Predictions

Bull & Bear Case

The bullish case for Conagra rests on the value of its powerful, entrenched brand portfolio and its commitment to a high-yield dividend, while bearishness centers on acute cost-inflation pressures and market-share erosion due to aggressive competition from private-label alternatives. 

Bull Case

• Conagra’s brands include more than 100 household names like Birds Eye, Slim Jim, and Healthy Choice, which retain significant consumer loyalty and command a premium over generic alternatives, providing a crucial defense against private-label threats.
• The stock pays an annual dividend with a yield well over the consumer staples sector average, backed by five consecutive years of payout increases.
• Management has demonstrated a disciplined approach to pruning low-margin volume and exiting commoditized businesses to focus on high-quality, margin-accretive growth through innovation, particularly in its snacks and refrigerated and frozen segments.
• The stock is trading at a significant discount to its consumer staples peers, suggesting the market may be overly pessimistic, offering potential upside once the macroeconomic environment stabilizes.
• Despite profit challenges, Conagra’s fiscal discipline improves its long-term leverage profile and enhances its financial flexibility.
• A strategic focus is heavily geared toward modern consumer trends, driven by the company’s “Future of Snacking” report and investments in convenience and better-for-you options across core frozen and snack categories.

Bear Case

• Conagra forecasts elevated cost inflation in fiscal 2026, which includes a contribution from the impact of U.S. tariffs on imported tin plate steel used in packaging as well as other goods.
• Despite successful previous pricing efforts to offset inflation, volume is declining in most segments as consumers push back against higher prices and actively search for cheaper alternatives, signaling a reduction in pricing power.
• This fierce competition, particularly as consumers become more price-sensitive, forces Conagra to increase promotional spending and lower its own prices, resulting in a margin squeeze.
• Management issued weak guidance for fiscal 2026, forecasting a substantial decline in adjusted earnings per share.
• While Conagra has reduced its debt, the company’s net leverage ratio is expected to deteriorate in fiscal 2026 due to an anticipated earnings decline. 
• Maintaining a high level of debt in a rising-rate environment limits Conagra’s agility and capital deployment for brand-building and innovation.

CAG Stock Price Prediction for 2025

According to CoinCodex, Conagra stock is projected to trade in a moderate range in 2025. This forecast anticipates that the company’s high dividend yield will provide a degree of support to the share price, even as underlying fundamentals remain challenged by cost inflation and stagnating sales volume. 

Investors should anticipate continued price action within a constrained channel as the market monitors Conagra’s ability to successfully implement targeted price adjustments without triggering further steep declines in consumer purchase volumes.

CAG Stock Price Prediction for 2026

In 2026 CoinCodex sees a wider trading range for Conagra stock, reflecting uncertainty over the company’s ability to absorb the significant 7% projected cost inflation for the fiscal year, a portion of which is explicitly attributed to tariffs on packaging materials. 

If Conagra successfully mitigates the tariff and inflation impacts through supply chain efficiencies and manages to stabilize volume in key brands like Slim Jim and Birds Eye, shares could trend toward the higher end of the projected range. 

Failure to contain the tariff-related COGS increases, coupled with further volume erosion due to private-label penetration, would likely see the stock test its lower boundaries as weak earnings guidance plays out.

CAG Stock Price Prediction for 2030

CoinCodex projects a challenging long-term outlook for Conagra shares, with the algorithmic model suggesting a substantial downside risk by 2030 compared to current price levels. 

The forecast assumes that Conagra’s current strategy can’t overcome structural issues currently facing the packaged food industry including persistent inflation, aggressive private-label expansion, and the difficulty of driving volume growth. 

The headwinds may outpace the company’s ability to generate cash and service its debt, leading to a major downward revision of its fundamental valuation, making it a higher-risk scenario for patient investors.

Investment Considerations

A central challenge for Conagra and the broader packaged food industry is the delicate balancing act between pricing and volume. In recent years, the company has successfully raised prices to counter elevated input costs, which has led to strong sales. But this strategy has reached a point of diminishing returns, as seen by a decline in organic net sales and volumes. 

Consumers are highly price-sensitive right now, choosing cheaper alternatives or cutting back, which forces Conagra to increase promotional activities. Investors should closely monitor quarterly volume data for signs of stability. A consistent inability to restore volume growth indicates a deeper structural problem with consumer acceptance of current brand pricing.

Unavoidable trade policy impacts are intensifying the battle against inflation. For fiscal 2026, Conagra projects a total cost inflation of about 7% in its cost of goods sold, and about 3% of this increase is directly attributable to the U.S. tariffs on imported tin plate steel and other materials. 

While the company is actively pursuing mitigation strategies such as alternative sourcing and sharing costs with suppliers, the direct, immediate hit to gross margins from these tariffs represents a significant, government-imposed cost that is difficult to completely pass on to the consumer without further accelerating volume loss.

Conagra’s ability to withstand private-label pressure is key to its long-term viability. The company previously divested its own private-label business to focus solely on its national names, believing that strong, innovative brands offer better margins and long-term growth. As discounters and retailers expand their store-branded options, however, Conagra must continuously innovate and reinforce its brands’ unique value proposition to justify their premium. 

The company’s stock currently offers a historically high dividend yield, which is one of the primary reasons analysts recommend a Hold rating. This high yield attracts income seekers, suggesting the stock price is heavily defended by investors who rely on this cash flow, regardless of current sales volatility.

The post Conagra Brands Inc (CAG) Stock Price Prediction: 2025, 2026, 2030 by Ryan Peterson appeared first on Benzinga. Visit Benzinga to get more great content like this.