Argus raises Cencora price target to $380
Argus Research lifted its target price for Cencora Inc. to $380 per share, up from a prior level. The firm cited the distributor's sustainable earnings growth, recent revenue expansion and dividend increase. Cencora reported fiscal Q3 2026 adjusted earnings of $4.48 per share on $84.8 billion of revenue and reaffirmed its full‑year adjusted EPS guidance of $17.75‑$17.95. Insider sales over the past three months totalled $4,693,989.
Why it matters
The higher target price may prompt investors to re‑evaluate Cencora’s valuation, as Argus’s outlook suggests stronger upside. The reaffirmed full‑year EPS guidance indicates earnings expectations remain unchanged despite the target raise.
Key facts
- 1Argus raised its price target on Cencora to $380 per share. investing.com
- 2The prior price target was $340 per share, an increase of 11.76%. gurufocus.com
- 3Cencora reported fiscal third‑quarter 2026 adjusted earnings of $4.48 per share. investing.com
- 4Cencora’s third‑quarter 2026 revenue was $84.8 billion. investing.com
- 5The company reaffirmed its full‑year fiscal 2026 adjusted diluted EPS guidance range of $17.75 to $17.95. investing.com
- 6Cencora increased its dividend by 9% and has raised it for 21 consecutive years. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.