
Sysco (SYY) Stock Forecast & Price Target
Sysco (SYY) Analyst Ratings
Bulls say
Sysco is a dominant player in the highly fragmented US foodservice distribution market with nearly 20% market share. The recent announcement of the $29.1 billion acquisition of Restaurant Depot marks a major expansion into the cash and carry channel, providing access to a $60-70 billion market with a leading 25% share. Despite a dip in share price following the announcement, prospects for growth and synergies in this new venture make it a favorable move for the company and we maintain our Neutral rating.
Bears say
Sysco is poised to benefit from its dominant position in the foodservice distribution market, driven by self-help initiatives such as an improved sales force and adoption of AI360. However, concerns over the recent acquisition of Restaurant Depot, its performance during the COVID-19 pandemic, and potential pricing pressures could hinder its growth potential. With a lower price target and elevated labor costs, SYY faces near-term uncertainty, but its strong fundamentals and market share gains make it a BUY-rated stock for the long term.
This aggregate rating is based on analysts' research of Sysco and is not a guaranteed prediction by Public.com or investment advice.
Sysco (SYY) Analyst Forecast & Price Prediction
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