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Kellogg stock price forecast for FY2024 anticipates earnings growth

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Kellogg stock price forecast for FY2024 anticipates earnings growth of 4%, driven by efficient distribution networks and sustained marketing investments. There's been no major changes to the consensus price target of US$14.63, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Currently, the most bullish analyst values WK Kellogg Co at US$27.00 per share, while the most bearish prices it at US$11.00. As you can see the range of estimates is wide, with the lowest valuation coming in at less than half the most bullish estimate, suggesting there are some strongly diverging views on how analysts think this business will perform. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates. UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily , plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Fundamental Kellogg stock price forecast analysis emphasizes consistent cash flow, which could underpin valuation stability even amid broader equity market volatility.