Core & Main

CNM · NYSE

$41.59−$0.09 (−0.22%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $41.68

CNM analyst rating

BuyConsensus of 10 analysts over the last 12 months. 70% rate it a buy.

Strong buy0
Buy7
Hold3
Underperform0
Sell0

12-month price target · 15 analysts

Average $56.33 (+35.4% upside)

Low: $40.40
Now: $41.59
High: $78.75

Upgrades and downgrades

The latest rating actions, newest first

CNM analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 7, 2026	Maintains	Outperform	$60.00 → $57.00	59%
Wolfe Research	Sep 15, 2026	Initiates	Outperform	$63.00	59%
Citigroup	Sep 11, 2026	Maintains	Neutral	$53.00 → $46.00	56%
Wells Fargo	Sep 10, 2026	Maintains	Overweight	$65.00 → $48.00	47%
Truist Securities	Sep 10, 2026	Maintains	Hold	$50.00 → $45.00	53%
RBC Capital	Sep 10, 2026	Maintains	Outperform	$63.00 → $60.00	59%
Barclays	Sep 10, 2026	Maintains	Overweight	$62.00 → $61.00	52%
Baird	Sep 10, 2026	Maintains	Outperform	$66.00 → $57.00	64%
William Blair	Jul 23, 2026	Initiates	Market Perform	—	63%
Citigroup	Jun 11, 2026	Maintains	Neutral	$54.00 → $53.00	56%

The case for and against

Updated Feb 9, 2026

Bull case

Core & Main demonstrated a positive financial trajectory, with gross margin increasing by 40 basis points to 26.8%, reflecting ongoing modest gains. The company reported a 6.6% year-over-year growth in net sales, driven by a volume increase of 5% alongside contributions from acquisitions. Furthermore, management anticipates that selling, general, and administrative (SG&A) expenses have peaked in the second quarter, suggesting improved efficiency and reduced SG&A as a percentage of revenues in the upcoming quarters.

Bear case

Core & Main's stock outlook is negatively impacted by a revised 2025 adjusted EBITDA guidance, now projected between $920 million and $940 million, falling short of the street's expectation of $980 million. The company's management attributes this downward adjustment to declining residential demand and increased operating expenses, reflecting broader industry trends. Additionally, the weak residential volumes reported in August further corroborate the challenges faced within the market, aligning Core & Main with peers that have also downgraded their forecasts.

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