Darden Restaurants (DRI) Stock Forecast & Price Target

$159.14

-2.39 (-1.48%)

(As of 09/18/2024 ET)

Darden Restaurants - 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

Moderate Buy
Based on 22 Analyst Ratings

Based on 22 Wall Street analysts who have issued ratings for Darden Restaurants in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 22 analysts, 1 has given a sell rating, 5 have given a hold rating, and 16 have given a buy rating for DRI.

Consensus Price Target

$170.18
6.94% Upside

High Forecast	$191.00
Average Forecast	$170.18
Low Forecast	$124.00

According to the 22 analysts' twelve-month price targets for Darden Restaurants, the average price target is $170.18. The highest price target for DRI is $191.00, while the lowest price target for DRI is $124.00. The average price target represents a forecasted upside of 6.94% from the current price of $159.14.

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	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)	14 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$170.18	$170.95	$173.81	$168.22
Forecasted Upside	6.94% Upside	12.76% Upside	13.16% Upside	11.72% Upside

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DRI 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.

DRI 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.

Darden Restaurants Stock vs. The Competition

Type	Darden Restaurants	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.68	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	6.94% Upside	39.46% Upside	7.94% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/13/2024	Stephens 4 of 5 stars	J. Salera Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$165.00 ➝ $159.00	+0.31%
9/12/2024	TD Cowen 4 of 5 stars	A. Charles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Hold	$150.00 ➝ $150.00	-4.62%
9/10/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$192.00 ➝ $191.00	+22.66%
9/10/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$170.00 ➝ $170.00	+8.48%
8/20/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$160.00 ➝ $160.00	+2.79%
7/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$163.00 ➝ $159.00	+13.17%
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7/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$154.00 ➝ $124.00	-10.16%
6/25/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$186.00 ➝ $175.00	+13.54%
6/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$175.00 ➝ $175.00	+14.78%
6/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $185.00	+19.90%
6/21/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$190.00 ➝ $180.00	+16.66%
6/14/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$187.00 ➝ $180.00	+21.80%
6/13/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$177.00 ➝ $170.00	+15.77%
6/13/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$170.00 ➝ $165.00	+12.43%
5/28/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$176.00 ➝ $165.00	+11.06%
5/17/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Saleh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$175.00	+15.57%
3/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$190.00	+15.19%
3/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$186.00 ➝ $182.00	+11.51%
3/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $185.00	+7.02%
3/7/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$160.00 ➝ $165.00	-6.20%
10/19/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$159.00	+12.99%
9/25/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$183.00 ➝ $180.00	+25.44%
6/26/2023	VNET Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reiterates
6/23/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$152.00 ➝ $165.00	+1.77%
3/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$157.00 ➝ $165.00	+9.62%
1/23/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$155.00	+4.66%
12/7/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$140.00 ➝ $155.00	+8.50%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 10:47 PM ET.

DRI Forecast - Frequently Asked Questions

What is Darden Restaurants' forecast for 2024?: According to the research reports of 22 Wall Street equities research analysts, the average twelve-month stock price forecast for Darden Restaurants is $170.18, with a high forecast of $191.00 and a low forecast of $124.00.
Should I buy or sell Darden Restaurants stock right now?: 22 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Darden Restaurants in the last twelve months. There is currently 1 sell rating, 5 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" DRI shares.
Does Darden Restaurants's stock price have much upside?: According to analysts, Darden Restaurants's stock has a predicted upside of 10.77% based on their 12-month stock forecasts.
Has Darden Restaurants been downgraded by Wall Street analysts recently?: Over the previous 90 days, Darden Restaurants's stock had 2 downgrades by analysts.
What analysts cover Darden Restaurants?: Darden Restaurants has been rated by research analysts at Argus, Bank of America, Citigroup, Jefferies Financial Group, Morgan Stanley, Piper Sandler, Raymond James, Stephens, Stifel Nicolaus, TD Cowen, and Wedbush in the past 90 days.
Do Wall Street analysts like Darden Restaurants more than its competitors?: Analysts like Darden Restaurants more than other "consumer cyclical" companies. The consensus rating score for Darden Restaurants is 2.68 while the average consensus rating score for "consumer cyclical" companies is 2.55. Learn more on how DRI compares to other companies.