Casey's General Stores Price Target Raised to $605

Goldman Sachs increases price target for convenience store chain

Mar. 14, 2026 at 9:22am

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Casey's General Stores (NASDAQ:CASY) had its price target raised from $530 to $605 by investment firm The Goldman Sachs Group in a research report. The company currently has a neutral rating on the stock. Several other research firms have also weighed in on Casey's, with some issuing 'buy' ratings and higher price targets.

Why it matters

Casey's General Stores is a major regional convenience store chain, operating over 2,200 locations across 16 states. The increase in price target by a prominent investment bank signals optimism about the company's growth prospects and future performance.

The details

The Goldman Sachs Group raised its price target on Casey's General Stores from $530 to $605, while maintaining a neutral rating on the stock. Other research firms have been more bullish, with KeyCorp and Stephens reaffirming 'overweight' ratings and price targets as high as $700. The analysts cite Casey's strong financial performance, with the company recently reporting better-than-expected quarterly earnings.

  • Casey's General Stores reported quarterly earnings on March 9, 2026.
  • The company will pay a quarterly dividend on May 15, 2026 to shareholders of record on May 1, 2026.

The players

The Goldman Sachs Group

A multinational investment bank and financial services company.

KeyCorp

A major U.S. regional bank and financial services company.

Stephens

An independent financial services firm providing investment banking and wealth management services.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

The increased price target from Goldman Sachs and other bullish analyst sentiment reflects confidence in Casey's General Stores' ability to continue growing its business and delivering strong financial results, despite the competitive convenience store landscape.