Mck stock prediction
5/19/2024 10:25am
McKesson (MCK) is predicted to perform well in the near term, as indicated by the following analysis:
1. **Analyst Consensus and Price Target**: The consensus rating for McKesson is a "Strong Buy" as of May 17, 2024[^2]. Additionally, the lowest price target among analysts is $545[^1], which suggests a potential upside from the current price.
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2. **Insider Trading Activity**: Recent insider trading activity has been mixed, with some bullish and bearish transactions[^3]. However, the overall sentiment among big-money traders is split, with 55% bullish and 33% bearish[^3]. This suggests that while some investors are cautious, others remain optimistic.
3. **Momentum and Earnings Estimates**: McKesson has shown strong momentum, with a 7.1% increase over the past four weeks[^4]. Furthermore, seven analysts have revised their earnings estimates higher for fiscal 2025 in the last 60 days[^4], which is a positive sign for future performance.
In conclusion, the combination of a "Strong Buy" consensus rating, a low price target that indicates potential upside, mixed but predominantly bullish insider trading activity, and positive momentum and earnings estimate revisions suggests that McKesson's stock may continue to perform well in the near term.${富文本块}