📅 2 days ago Analyzed on Jan 16, 2026

SYY

Sysco Corporation
2026-01-16 07:55 PM
+2.68%
Sysco Extends Rally After Q3 Earnings Beat and Strong FY2026 Guidance
Sysco reported Q3 results on January 15, with adjusted EPS of $1.15 beating estimates by 2.6% while revenue met expectations at $21.15 billion, according to Barchart. MarketBeat notes the company provided strong FY2026 guidance and maintains a 'Moderate Buy' consensus with an average price target of $86.

Analysis

This marks the fourth consecutive day of gains for Sysco, continuing a rally that began after positive analyst coverage earlier in the week. The earnings beat and forward guidance appear to be driving sustained buying interest, with the stock now trading roughly 8% below the $86 consensus price target. Barclays raised its target to $88 while maintaining an Overweight rating, expressing optimism for foodservice distribution despite restaurant industry headwinds.

Date: 2026-01-16
Price: $79.18
Type: Stock Specific
Confidence: high

This is a permanent link to this specific analysis (ID: 2435)

Back to Dashboard