Key takeaways
- An analyst has raised the price target for Clorox (NYSE: CLX) to $90.00, indicating potential upside from its current trading level.
- Clorox (NYSE: CLX) reported better-than-expected first-quarter fiscal 2027 results, showing improvements in organic sales and market share.
- Despite stronger sales, Clorox (NYSE: CLX) faces significant pressure from rising input costs, leading to an increased inflation forecast and a lower-end adjusted EPS outlook for fiscal 2027.
Clorox makes cleaning and household products, including bleach, disinfecting wipes and trash bags. It competes with other major consumer-goods brands and store brands. Wells Fargo (NYSE: WFC) analyst Chris Carey raises his price target for the stock to $90.00. At $89.90 when the target is posted, Clorox sits about 0.1% below that level.
A price target is an analyst’s estimate of where a stock may trade, not a guarantee. Clorox is trading at $89.90, up $1.90, or 2.16%. Its price has ranged from $88.20 to $90.79 today and from $79.12 to $128.90 over the past year.
The target follows Clorox’s better-than-expected first-quarter fiscal 2027 results. Chair and CEO Linda Rendle says organic sales and market share are improving. Organic sales measure growth without the effects of acquisitions and currency changes. She also says shoppers’ focus on value and strong competition remain challenges.
Higher costs add pressure despite the stronger results. CFO Luc Bellet says Clorox now expects about $240 million in fiscal 2027 input-cost inflation, $40 million more than its initial forecast, as highlighted by MarketBeat. Input costs include the materials and other expenses needed to make and deliver products.
Clorox expects full-year adjusted earnings per share near the lower end of its $5.70 to $6.00 guidance range, as highlighted by The Wall Street Journal. Adjusted earnings per share measures profit allocated to each share after certain items are excluded. The lower-end forecast shows how rising costs weigh on the outlook.
