73/100BMcKesson stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for McKesson is 998.57, 8.0% below the current price of 1,085.80. Their targets range from 845.00 to 1,200.00.
Of the 11 firms that rated McKesson in the past 12 months, 8 rate it buy or strong buy, 3 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 845.00 to 1,200.00, with an average of 998.57.
| Buy | 8 | |
| Hold | 3 | |
| Sell | 0 |
12-month price target
| Highest target | 1,200.00 |
| Average target | 998.57 |
| Lowest target | 845.00 |
| Current price | 1,085.80 |
McKesson price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their McKesson price target and rating?
How analysts rate McKesson, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
8 of 11 firms rate it buy now, against 11 of 13 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
McKesson analyst upgrades, downgrades and price targets
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | Mizuho Securities | Reiterated · Neutral | 1,020.00 | — | 1,010.43 |
| 16 Oct 2026 | UBS | Reiterated · Buy | 1,050.00 → 1,200.00 | +14.3% | 998.64 |
| 6 Oct 2026 | Morgan Stanley Erin Wright | — | 966.00 → 977.00 | +1.1% | 915.45 |
| 19 Aug 2026 | Barclays Glen Santangelo | Reiterated · Overweight | 1,050.00 → 1,000.00 | -4.8% | 869.26 |
| 19 Aug 2026 | RBC Capital Ryan Halsted | — | 845.00 | — | 869.26 |
| 11 Aug 2026 | Wells Fargo Stephan Baxter | Reiterated · Equal Weight | 772.00 → 933.00 | +20.9% | 879.87 |
| 6 Aug 2026 | Robert W. Baird | — | 968.00 → 1,015.00 | +4.9% | 843.89 |
| 8 May 2026 | UBS Kevin Caliendo | Reiterated · Buy | 920.00 → 1,050.00 | +14.1% | 744.46 |
| 8 May 2026 | Deutsche Bank George Hill | — | 875.00 | — | 763.90 |
| 5 Mar 2026 | Raymond James | — | 970.00 | — | 930.31 |
| 5 Mar 2026 | Leerink Partners Michael Cherny | — | 1,085.00 | — | 930.22 |
| 18 Feb 2026 | Barclays | Reiterated · Overweight | 960.00 → 1,050.00 | +9.4% | 946.47 |
| 29 Jan 2026 | Morgan Stanley | — | 966.00 | — | 826.62 |
| 14 Jan 2026 | Robert W. Baird Eric Coldwell | — | 968.00 | — | 833.36 |
| 8 Dec 2025 | Barclays | — | 960.00 | — | 797.93 |
McKesson EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect McKesson's EPS to grow 15.1% a year until 2029.
Analysts expect McKesson's revenue to grow 7.0% a year until 2029, slower than over the last 5 years (11.1% a year) and the last 3 years (13.4%).
Revenue
EPS
Does McKesson beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.0% off the result, either way, and their revenue estimate 2.6%, over the last 12 quarters.
- EPS beats
- 95 / 135
- Revenue beats
- 86 / 120
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +3.5%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2027 | 4 Nov 2026 | 10.72 | 11.68 | +9.0% | 109.90B | 110.96B | +1.0% |
| Q1 FY2027 | 5 Aug 2026 | 9.56 | 9.93 | +3.9% | 103.88B | 105.38B | +1.4% |
| Q4 FY2026 | 7 May 2026 | 11.56 | 11.69 | +1.1% | 101.35B | 96.30B | -5.0% |
| Q3 FY2026 | 4 Feb 2026 | 9.17 | 9.34 | +1.9% | 105.80B | 106.16B | +0.3% |
| Q2 FY2026 | 5 Nov 2025 | 9.03 | 9.86 | +9.2% | 104.14B | 103.15B | -0.9% |
| Q1 FY2026 | 6 Aug 2025 | 8.14 | 8.26 | +1.5% | 96.18B | 97.83B | +1.7% |
| Q4 FY2025 | 8 May 2025 | 9.83 | 10.12 | +3.0% | 94.30B | 90.82B | -3.7% |
| Q3 FY2025 | 5 Feb 2025 | 8.60 | 8.03 | -6.6% | 96.05B | 95.29B | -0.8% |
| Q2 FY2025 | 6 Nov 2024 | 6.88 | 7.07 | +2.8% | 89.33B | 93.65B | +4.8% |
| Q1 FY2025 | 7 Aug 2024 | 7.21 | 7.88 | +9.3% | 82.53B | 79.28B | -3.9% |
| Q4 FY2024 | 7 May 2024 | 6.34 | 6.18 | -2.5% | 79.32B | 76.36B | -3.7% |
| Q3 FY2024 | 7 Feb 2024 | 7.04 | 7.74 | +9.9% | 77.93B | 80.90B | +3.8% |
McKesson stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If McKesson's earnings keep growing at the 14.4% a year analysts expect to FY2029, it would earn about 76.55 a share in FY2031. At the P/E it has traded at over the last five years (14.1 to 41.9) that is 1,080.29 to 3,205.80 a share, or 1,991.20 at its average P/E of 26.0. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 45.16 | 637.27 | 1,174.62 | 1,891.12 |
| FY2028 | 51.37 | 724.93 | 1,336.19 | 2,151.24 |
| FY2029 | 58.54 | 826.14 | 1,522.75 | 2,451.60 |
| FY2030 (extrapolated) | 66.94 | 944.71 | 1,741.29 | 2,803.45 |
| FY2031 (extrapolated) | 76.55 | 1,080.29 | 1,991.20 | 3,205.80 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 14.4% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (14.1, 26.0, 41.9).
Is McKesson stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
McKesson's P/E of 27.8 is above the middle of its 5-year range (15.1 to 46.9, median 25.9). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. At its usual P/E (24.0 × EPS of 39.05), McKesson's fair value is 935.50; the price, 1,085.80, is 16.1% above it. Its forward P/E, on the consensus for FY2027, is 24.0.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (15.1 and 33.6). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 27.81
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 25.86
- Five-year P/E range
- 15.1 – 46.9
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 24.04
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.94
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- -8.0%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 194.150 | 384.66163Price 194.152,644 | +98.1% | |
| 151.500 | 297.58169Price 151.50471 | +96.4% | |
| 43.415 | 82.9546Price 43.42165 | +91.1% | |
| 160.210 | 305.52160Price 160.21396 | +90.7% | |
| 213.480 | 405.47304Price 213.48507 | +89.9% | |
| 159.250 | 300.34225Price 159.25375 | +88.6% | |
| 164.480 | 308.95212Price 164.48442 | +87.8% |
Furthest below the fair value on each stock's page, updated every day.