Casey's General Stores Price Target Raised to $605 by Goldman Sachs

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The Goldman Sachs Group has raised its price target for Casey's General Stores (NASDAQ:CASY) from $530 to $605, while maintaining a "neutral" rating on the stock. The investment bank cited the company's growth potential, including its expansion of fresh and prepared food offerings at its convenience store locations across the Midwest.

Why it matters

Casey's General Stores is one of the largest convenience store chains in the United States, with over 2,400 locations primarily in the Midwest. The company's focus on food service and fresh offerings has helped it differentiate from traditional convenience stores and attract a loyal customer base. The price target increase from Goldman Sachs suggests the investment bank sees further upside for the company's stock as it continues to execute on its growth strategy.

The details

In its research note, Goldman Sachs highlighted Casey's efforts to expand its food service business, including made-to-order pizzas, sandwiches and other prepared items. The bank believes these initiatives will help drive increased customer traffic and sales at Casey's locations. Additionally, the company's network of stores across small-town America provides it with a competitive advantage over larger rivals that are more focused on urban and suburban markets.

• Casey's General Stores reported its latest quarterly earnings on March 9, 2026.

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