Goldman Sachs Cuts Constellation Brands Target Despite Q2 Earnings Beat

Key Facts

1Goldman Sachs lowered its price target for Constellation Brands to $155 from $180.

2The company reported fiscal Q2 comparable earnings of $3.74 per share, exceeding the $3.62 analyst estimate.

3Net sales rose 6% to $2.63 billion, driven by a 5% growth in beer sales and a 17% increase in wine and spirits.

Goldman Sachs lowered its price target for Constellation Brands to $155 from $180, according to Financial Modeling Prep. The reduction came despite the company reporting fiscal second-quarter comparable earnings of $3.74 per share, which exceeded the analyst estimate of $3.62.

Net sales rose 6% to $2.63 billion, driven by a 5% growth in beer sales and a 17% increase in the wine and spirits segment. STZ closed at $115.67 on October 6, 2026, with the stock falling more than 4% in after-hours trading following the announcement.