Diageo (DEO) Stock Forecast & Price Target

$132.92

-0.48 (-0.36%)

(As of 09/18/2024 ET)

Diageo - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 8 Analyst Ratings

Based on 8 Wall Street analysts who have issued ratings for Diageo in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 3 have given a sell rating, 3 have given a hold rating, and 2 have given a buy rating for DEO.

Consensus Price Target

N/A

According to the 8 analysts' twelve-month price targets for Diageo,

Type	Current Forecast 9/19/23 to 9/18/24	1 Month Ago 8/20/23 to 8/19/24	3 Months Ago 6/21/23 to 6/20/24	1 Year Ago 9/19/22 to 9/19/23
Consensus Rating	Reduce	Reduce	Reduce	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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DEO Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

DEO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Diageo Stock vs. The Competition

Type	Diageo	Consumer Staples Companies	S&P 500
Consensus Rating Score	1.88	2.44	2.50
Consensus Rating	Reduce	Hold	Moderate Buy
Predicted Upside		594.57% Upside	7.94% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
9/12/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy
8/12/2024	Royal Bank of Canada 4 of 5 stars	J. Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Sector Perform
7/12/2024	The Goldman Sachs Group 2 of 5 stars	O. Nicolai Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell
7/3/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Hales Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
1/12/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
1/4/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
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12/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
11/29/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral
9/15/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
9/8/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,920 ➝ GBX 2,950
8/9/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 3,850 ➝ GBX 3,800
8/2/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 4,720 ➝ GBX 4,440
7/20/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Equal Weight ➝ Underweight
5/12/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
2/8/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		GBX 4,800 ➝ GBX 4,500
2/6/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
1/31/2023	Investec Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
11/18/2022	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:49 PM ET.

DEO Forecast - Frequently Asked Questions

Should I buy or sell Diageo stock right now?: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diageo in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" DEO shares.
Has Diageo been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Diageo's stock had 3 upgrades and 1 downgrade by analysts.
What analysts cover Diageo?: Diageo has been rated by research analysts at Bank of America, Citigroup, Royal Bank of Canada, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Diageo more than its competitors?: Analysts like Diageo less than other "consumer staples" companies. The consensus rating for Diageo is Reduce while the average consensus rating for "consumer staples" companies is Hold. Learn more on how DEO compares to other companies.