Goldman Sachs lifts Altria price target to $83 after strong quarter
Goldman Sachs raised its Altria price target to $83 from $77 after a better-than-expected quarter and kept its Buy rating on the stock.
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what happened
Goldman Sachs raised its price target on Altria Group to $83 from $77 and kept its Buy rating, according to GuruFocus.
The move follows a third quarter that beat expectations. Adjusted EPS came in at $1.52 against a consensus of $1.51 from Goldman Sachs and FactSet, up 4.8% year over year. Revenue reached $6.13 billion versus an estimated $5.31 billion. Management also raised its full-year 2026 EPS growth outlook to 4.5% to 6.0%.
Beyond the falling cigarette volumes, the results were helped by stronger double duty drawback benefits and higher equity income from Anheuser-Busch InBev. Goldman Sachs also increased its fiscal 2026 and 2027 earnings estimates.
why it matters
The key takeaway is that Altria is still growing profits even as its core cigarette business shrinks. The shares are up nearly 40% year to date and trade close to their 52-week high of $77.06, so part of the optimism is already reflected in the price.
market impact
Altria shares: earnings beat and higher EPS outlook support the stock
- Altria shares pressure up — quarterly profit above forecasts and a raised EPS outlook support the stock
tags
instruments
sources
- Goldman Sees More Upside in Altria After Strong Quarter — gurufocus.com, 30 October 2026 at 17:27 UTC
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