Melius Research Raises Casey's General Stores Price Target to $600, Maintains Buy Rating

Melius Research raised Casey's General Stores' PT from $560 to $600 and maintained its Buy rating. The company is expected to post Q1 FY2026 earnings per share of $5.06, up 4.76% YoY, and revenue of $4.48 billion, up 9.33% YoY. Casey's FY2026 outlook indicates a 10% to 12% increase in EBITDA and 2% to 5% growth in inside same-store sales YoY. The company plans to open 80 stores in FY2026.

Melius Research has increased its price target for Casey’s General Stores, Inc. (NASDAQ:CASY) from $560 to $600, maintaining its Buy rating. This upgrade was made ahead of the company’s Q1 FY2026 earnings release scheduled for September 8, 2025. Wall Street expects Casey’s General Stores to post earnings per share (EPS) of $5.06, representing a 4.76% year-over-year (YoY) increase from $4.83 a year ago. The company is also anticipated to generate revenue of around $4.48 billion, marking a 9.33% YoY growth [1].

Casey’s General Stores is expected to see a 10% to 12% increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) in FY2026, while inside same-store sales are projected to grow between 2% and 5% YoY. The company’s strategic plan involves opening almost 80 stores in FY2026 through a mix of mergers and acquisitions and new store construction. This expansion is part of a broader plan to increase its store count to nearly 500 by the end of the three-year period [2].

Melius Research remains optimistic about Casey’s General Stores due to its strong growth prospects. The company operates approximately 2,900 convenience stores in the U.S., offering a range of products including groceries, freshly prepared food, and self-service fuel. Despite the potential of CASY as an investment, Melius Research acknowledges that certain AI stocks may offer greater upside potential with less downside risk [1].

References:

[1] https://finance.yahoo.com/news/melius-research-raises-pt-casey-042740602.html
[2] https://uk.finance.yahoo.com/news/melius-research-raises-pt-casey-042740602.html