Key Highlights

● CASY closed at $646.27 on 9 October 2026, and the second data set's $790.53 mean target implies upside of about 22.3%.

● Market data shows a higher $840.69 consensus from 21 analysts, lifted by older high targets, with a range of $720 to $1,069.

● The second data set records 13 Strong Buy, two Buy and five Hold ratings with no Sell, a Buy consensus.

● On 3 September Wells Fargo cut to $750 from $960, KeyCorp to $780 from $970, UBS to $720 from $925 and JPMorgan to $833 from $975.

Casey's General Stores, Inc. (NASDAQ:CASY), a member of the S&P 500, closed at $646.27 on Friday 9 October 2026. The convenience-store and fuel retailer has been the subject of a burst of broker research in September, with many analysts cutting targets while mostly keeping positive ratings.

What Is the Latest Analyst Price Target?

Two data sets give different pictures. Market data reports a consensus target of $840.69 from 21 analysts, with a high of $1,069 from Wolfe Research and a low of $720 from UBS. The second data set shows a mean of $790.53 and a median of $775 across 20 analysts, with a range of $687 to $933, last updated on 30 September 2026.

The market data average appears to be lifted by older, higher targets, such as the $1,069 figure, whereas the eleven or so named broker targets issued in September 2026 range from $720 to $933 and average roughly $796, closer to the second data set. Against the $646.27 close on 9 October, the $790.53 consensus suggests potential upside of about 22.3%.

What Are Wall Street Analysts Saying?

The second data set records 13 Strong Buy, two Buy and five Hold ratings with no Sell, a "Buy" consensus. Market data counts 15 Buy and six Hold, also with no Sell.

Named broker actions on market data cluster around 9 and 10 September 2026. Wells Fargo lowered its target from $960 to $750 with an Overweight rating, KeyCorp cut from $970 to $780 (Overweight), UBS from $925 to $720 (Neutral) and JPMorgan from $975 to $833 (Neutral) on 3 September. RBC trimmed from $913 to $910 (Sector Perform). Deutsche Bank reiterated Buy at $933, Evercore reiterated Outperform at $775 on 11 September, and Raymond James upgraded the shares to Outperform with a $750 target. BMO Capital Markets, Stephens and Goldman Sachs set targets of $810, $750 and $750 respectively. The second data set also lists Jefferies maintaining Buy with an $850 target on 30 September.

The pattern is a general lowering of targets while most ratings remain positive.

What Could Help the Stock Reach the Price Target?

Even after the reductions, the consensus sits well above the share price, so a stronger run of results could help close the gap. Brokers that kept Buy-equivalent ratings while trimming targets may see the lower figures as already reflecting near-term concerns.

What Could Prevent the Stock Reaching the Target?

The September wave of target cuts is itself a caution, because it shows how quickly expectations can be reset. If earnings or margins disappoint, or if estimates continue to drift lower, the average target could fall further. Differences between providers, with market data roughly $50 higher on its mean, show how sensitive consensus is to which targets are counted. Five Hold ratings, and the Neutral stance of UBS and JPMorgan, show that not all analysts are convinced.

What Should Investors Watch Next?

Items to watch include for further target revisions, particularly any that follow the next results, and whether the cluster of targets near $750 to $780 moves.

Casey's September Target Cuts Reset Expectations Without Breaking the Buy Consensus

Casey's closed at $646.27 on 9 October 2026, with the second data set's $790.53 mean about 22.3% higher after a September wave of cuts from Wells Fargo, KeyCorp, UBS and JPMorgan. The named September targets average roughly $796, and market data's roughly $50 higher mean looks lifted by older targets such as Wolfe Research's $1,069. Most ratings stay positive, with 15 Buy and six Hold in market data, and a cluster of targets near $750 to $780 is the zone to watch.