Kr stock forecast for Q2 shows potential upside of 5–7%

KR stock forecast for Q2 shows potential upside of 5–7%, supported by Kroger’s loyalty program expansion and rising digital engagement rates, which boost recurring revenue streams. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.14% higher. Currently, Kroger is carrying a Zacks Rank of #3 (Hold). Morning Brief host Julie Hyman tracks several of the day's top trending stock tickers, including Opendoor Technologies ( OPEN ) as it appoints a new chief executive, Kroger ( KR ) lifting its outlook, and Centene's ( CNC ) stock gains around its Medicare quality scores. The KR stock forecast for mid-2024 indicates potential price appreciation, as dividend yield at 2.4% continues to attract defensive portfolio managers. Volume analysis suggests accumulation is ongoing.