Goldman Sachs Lowers Conagra Brands Price Target

Investment bank cites weak performance in downgrading food company's stock outlook.

Apr. 5, 2026 at 5:40am

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The Goldman Sachs Group has lowered its price target for Conagra Brands (NYSE: CAG) from $17.00 to $15.00 per share, citing the food company's recent weak performance. The investment bank also maintained its 'sell' rating on Conagra's stock.

Why it matters

Conagra Brands is one of the largest packaged food companies in the United States, with a portfolio of well-known brands like Birds Eye, Healthy Choice, and Orville Redenbacher's. The Goldman Sachs downgrade signals concerns about Conagra's ability to grow sales and profits in the current economic environment.

The details

In its research report, Goldman Sachs noted that several other analysts have also lowered their price targets and ratings on Conagra Brands in recent months. The bank cited factors like increased competition and changing consumer preferences as headwinds facing the company.

  • The Goldman Sachs report was released on Thursday, April 5, 2026.
  • Conagra Brands reported its latest quarterly earnings on Wednesday, April 1, 2026.

The players

The Goldman Sachs Group

A leading global investment bank and financial services company.

Conagra Brands

A major American packaged foods company with a portfolio of well-known consumer brands.

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The takeaway

The Goldman Sachs downgrade of Conagra Brands reflects broader concerns about the packaged food industry's ability to maintain growth and profitability in a challenging consumer environment. This could signal further headwinds for Conagra and its peers as they navigate changing shopper preferences and increased competition.