There are three reasons Casey’s General Stores' (NASDAQ: CASY) stock price will likely continue to trend higher despite valuation concerns. The stock isn’t cheap in late 2025, trading at approximately 33 times its current-year earnings. Still, this price reflects a reliable growth trajectory, suggesting deep value for long-term, buy-and-hold investors.
The stock is trading at approximately 10 times its 2035 earnings outlook, suggesting a potential 100% upside in stock price over the coming years. Below, we'll explore three good reasons investors could expect the stock to trend higher in 2026—growth, cash flow and capital returns, and broad market support.
