Raymond James upgraded Casey's General Stores stock to Outperform

Published on 10/08/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raymond James set a USD 750.00 target for Casey's General Stores stock on September 10, 2026. Revenue rose 24.30 percent in fiscal 2027 first quarter.

CASY, US1475281036, Illustration mit AI erstellt.

Raymond James upgraded Casey's General Stores stock from Market Perform to Outperform and set a USD 750.00 target on September 10, 2026, according to MarketScreener. The call followed Casey's fiscal 2027 first-quarter results, which put the stock's valuation and growth profile in sharper contrast.

Revenue growth sets the base

Casey's reported revenue of USD 5.68 billion for the three months ended July 31, 2026, up 24.30 percent from USD 4.57 billion a year earlier, according to Casey's General Stores. Net income reached USD 273.7 million, a 27.10 percent increase from USD 215.4 million in the comparable quarter.

Diluted earnings per share rose 27.70 percent to USD 7.37 from USD 5.77. The result exceeded the USD 6.78 consensus cited by MarketBeat by USD 0.59, giving the earnings comparison a concrete benchmark.

Targets remain above the market

Raymond James' USD 750.00 target was paired with the upgrade from Market Perform to Outperform on September 10, 2026. Other analyst targets cited by MarketBeat included USD 750.00 from Wells Fargo, USD 780.00 from KeyCorp and USD 775.00 from Evercore, all dated September 2026.

The same MarketBeat report said 15 of 21 analysts held Buy ratings and six held Hold ratings, with a consensus target of USD 840.69. Casey's also declared a quarterly dividend of USD 0.65 per share, with the ex-dividend date set for October 30, 2026.

Nasdaq valuation in context

CASY was last at USD 633.25 on Nasdaq on October 7, 2026 at 4:00 p.m. ET. Its market capitalization was USD 23.4 billion, while the 52-week range ran from USD 497.38 to USD 927.85, placing the latest market value below the upper end of its annual range.

Casey's fiscal 2027 outlook calls for at least 120 new stores, EBITDA growth of 8 percent to 10 percent and inside same-store sales growth of 2 percent to 5 percent, according to the company's September 8, 2026 release. Those targets make store additions and margin execution the key operating measures alongside the headline revenue growth.

Stock levels frame the next test

The combination of a USD 750.00 Raymond James target, USD 7.37 quarterly earnings per share and a USD 633.25 Nasdaq price leaves the market focused on whether the next reporting period can sustain the current growth rate.