Evercore Raises Kroger Price Target to $83; 2026 Sales Growth at 1-2%
Evercore raised Kroger’s price target to $83 from $81 and maintained an Outperform rating, reflecting confidence in its competitive pricing strategy. The company forecasts 1%-2% 2026 identical sales growth excluding fuel and adjusted EPS of $5.10–$5.30, closely aligning with market estimates.
1. Evercore Price Target Increase
Evercore raised Kroger’s price target to $83 from $81 while affirming an Outperform rating, signaling belief in the grocer’s ability to expand market share through sharper pricing and operational efficiency.
2. 2026 Sales and EPS Forecast
Kroger projects identical sales growth excluding fuel of 1%–2% for 2026, marginally below the 2% consensus, and forecasts adjusted EPS of $5.10–$5.30, straddling the market estimate of $5.29.
3. Strategic Growth and Cost Savings
Under CEO Greg Foran, savings from tighter sourcing and streamlined processes will fund everyday lower prices, enhanced fresh food offerings and improved delivery services to drive traffic, increase basket size and gain market share.