Altria (MO) Stock Forecast for 2024, 2025-2026, and Beyond

Altria Group, one of the leading US tobacco manufacturers and sellers, has faced struggles in recent years that have weighed on its stock price and investor outlook. While the company once dominated the tobacco industry, its shares have languished amid declining cigarette volumes and growing regulatory threats. 

As we look ahead to 2024, analysts have a cautiously optimistic view of Altria’s stock. In this analysis, we will look at the key factors that may boost Altria’s stock and the headwinds that could pull it down in 2024 and beyond as the company tries to stabilize revenues through non-combustible products while adapting to a rapidly evolving tobacco industry landscape.

The article covers the following subjects:

Highlights and Key Points: MO Stock Forecast 2024-2030

• Altria Group’s future remains uncertain amid a continued decline in sales volumes and strict tobacco industry regulation. MO stock’s high dividend yield is attractive, but analysts are cautious about its growth potential.
• Altria’s stock is currently at around $46.50; an average price target for 2024 is approximately $44-$48.
• By the end of 2024, #MO shares may reach $90.
• Long-term prospects for Altria Group (MO) reflect varied outlooks. Some experts predict a rate of $44-$45. Forecasts from Gov Capital are more optimistic: MO is expected to grow to $60 by 2027 and $265 by 2029.
• As cigarette sales decline, Altria must stabilize revenues by expanding sales of heated tobacco systems, such as IQOS. However, menthol bans, high excise taxes on tobacco products, and legal risks limit long-term prospects.
• Experts advise not to overestimate Altria Group’s growth potential given the current headwinds in the tobacco industry. Investors should be aware of regulatory and other risks despite attractive dividend yields.

MO Stock Price Today Coming Days and Week

When forecasting Altria’s stock for the near future, several key factors demand attention. Monitor regulatory developments regarding tobacco products, as changes in legislation can impact sales and profitability. Analyze quarterly earnings reports for insights into revenue, cigarette shipments, and market share. Keep abreast of consumer trends and attitudes towards smoking, including shifts towards alternative products like e-cigarettes. Pay attention to litigation risks and legal settlements related to health claims against the tobacco industry. Additionally, track macroeconomic indicators such as interest rates and disposable income levels, as they influence consumer spending on discretionary items like cigarettes.

A Brief Overview of Altria’s Shares

Altria Group, Inc. (previously named Philip Morris Companies) is one of the world’s largest manufacturers and sellers of tobacco, cigarettes, and related products. Altria is a parent company of Philip Morris USA, Philip Morris Capital Corporation, John Middleton Inc., Nat Sherman, Nu Mark, US Smokeless Tobacco Company Inc., and Chateau Ste. Michelle wine estates.

Its key operation segments are Smokeable Products, Smokeless Products and Wine. The Smokeable Products segment consists of cigarettes produced and sold by PM USA and large machine-made cigars and pipe tobacco manufactured and sold by Middleton. The smokeless products are produced and sold by or on behalf of USSTC and PM USA. The company is a producer of Washington State wines. Altria owns wineries and distributes wines from several other wine regions.

Check out some data on Altria’s stocks (New York Stock Exchange: MO):

• Market cap: $79.44 billion;
• Shares outstanding: 1.72 billion;
• Public float: 1.71 billion;
• Payout ratio: 75%-80% (based on last year’s estimates);
• EPS: 4.78;
• Dividend Yield: 8.63%;
• 52-week range: 39.06 – 46.60;
• Annual dividend: $3.92;
• Three Year Dividend Growth: 5%-7%;
• Average trading volume: 13.171 million shares.

The company was founded in 1919. It’s conveniently headquartered in Henrico County, Virginia. However, the firm has had only 5 stock splits. The first one took place on June 3, 1974; this was a 2:1 split. Altria’s 4th stock split was held on October 11, 1989, with a 4:1 ratio. The last split was on April 11, 1997 (3 stocks prorated to 1). Historically, when such industry giants as Altria Group hold stock splits, market capitalization before and after the event is stable, which means the stockholders get more shares. Still, each one is valued at a lower price.

Altria Stock Prediction for 2024: Analysts’ Recommendations 

Most analysts’ MO stock outlooks point to a modest 10-15% upside over the next 12 months. The average of significant price targets implies a year-end 2024 level of around $46 and a potential rise to $56. Possible catalysts for gains include stabilization of cigarette volumes, strong IQOS performance, dividend increases, and share repurchases.

However, regulatory risks, menthol bans, and ongoing cigarette volume declines could restrain the stock’s potential. Investors should consider these factors when making decisions, as they could negatively impact the value of #MO and the company’s long-term prospects.

GovCapital

Price range: $37,400 – $52,587 (as of June 10, 2024)

GovCapital expects a period of uncertainty for the #MO rate. The second half of the year will see a constant decline, with a major recovery in December.

Month	Average, $	Low, $	High, $
July	44,127	37,508	50,746
August	45,113	38,346	51,880
September	45,218	38,435	52,000
October	44,694	37,990	51,399
November	44,000	37,400	50,600
December	45,728	38,868	52,587

WalletInvestor

Price range: $44.872 – $46.598 (as of June 10, 2024)

Analysts at WalletInvestor expect Altria’s stock to reach $46.029 by year-end, with a slight rate change projected.

Month	Opening, $	Closing, $	Minimum, $	Maximum, $	Change
July	46.157	46.212	46.157	46.598	0.12 % ▲
August	46.140	45.873	45.690	46.142	-0.58 %▼
September	45.855	44.919	44.872	45.860	-2.08 %▼
October	44.954	45.908	44.932	46.047	2.08 % ▲
November	45.922	45.556	45.160	45.922	-0.8 %▼
December	45.748	46.029	45.748	46.327	0.61 % ▲

StockAnalysis

Price range: $36.50 – $56.00 (as of June 10, 2024)

Experts at StockAnalysis project the #MO price to hit $56 a share in the next 12 months. The average year-end price is expected to be around $45.28.

Year	Minimum, $	Average price, $	Maximum, $
2024	36.5	45.28	56

PandaForecast

Price range: $46.80 – $55.43 (as of June 10, 2024)

PandaForecast projects an optimistic scenario for #MO stockholders. Despite some fluctuations and declines throughout the year, the price is expected to rise 9.18 % by year-end.

Month	Average price, $	Minimum, $	Maximum, $
July	47.97	46.80	49.39
August	50.19	48.12	52.33
September	50.82	48.23	51.61
October	50.79	48.41	53.24
November	51.85	50.62	54.29
December	53.09	50.34	55.43

Altria Group (MO) Stock Technical Analysis

It is important to choose the right tools and time frames when conducting a technical analysis of MO stocks.

First, it is recommended to use price charts on daily, weekly, and monthly time frames to get a comprehensive overview of price dynamics and identify long-term trends.

Next, pay attention to the moving averages. This tool determines a trend direction. Volume indicators can also help analyze market activity and confirm technical indicators’ signals.

Relative strength indicators (RSI) and MACD identify overbought/oversold areas and give a signal for opening and closing positions.

Choose your toolkit and time frames based on your investment goals and risk management rules.

#MO Stock Forecast For Next Three Months

From 2011 to June 2017, the #MO price moved in an upward channel, growing by an impressive 186%. Then, a downtrend began, and the price dropped by 60% in March 2020. There was a rebound at $33, and a new bullish trend began. Quotes are currently in a downward range of $40-$56.

The price is projected to attempt a breakout of the channel’s upper limit. If this is the case, the first resistance line will be at $52 and then move to $56. Consider these factors when making investment decisions for the next few months.

Long-Term Altria GroupTechnical Analysis and Forecast for 2024

A long-term technical analysis of the MO stock for 2024 will be performed using the daily time frame and RSI, MACD, and EMA tools.

Currently, the support line is at $40, and the resistance — at around $46.

Historical data shows that the stock price has repeatedly tested the support zone and moved higher. However, there were also unsuccessful attempts to break above the resistance. The price is again in this area and will unlikely break above the resistance level without increasing trading volumes and positive news. However, if a breakout occurs, the next resistance will be $52.

The RSI’s current readings are at 67, potentially signaling decreasing buying pressure. However, both lines of the MACD indicator have crossed, pointing to a temporary trend reversal. Based on the indicator readings and historical support and resistance levels, we can predict price lows and highs for each month of 2024.

Month	Altria Group Inc. (#MO) projected values
	Minimum, $	Maximum, $
July 2024	44.81	45.25
August 2024	44.36	44.82
September 2024	43.53	44.53
October 2024	43.59	44.70
November 2024	43.81	44.57
December 2024	44.39	44.97

Long-term trading plan for Altria Group Inc. (#MO)

Let’s map out a trading plan for the next three months and beyond

Trading plan for the next three months

• Buy Limit: $42;
• Take Profit: $45;
• Stop Loss: $38.

When making trading decisions, the important levels of the three-month range, $46 and $52, should be considered.

Trading plan for 2024

In long-term trading, consider longs if:  

• the level of $40 is broken out;
• the price rebounds from support of $35;
• the price rebounds from support of $31;

It is also important to consider other fundamental factors when trading the MO stock: regulatory changes in the tobacco industry, Altria Group’s profit and loss figures, and alternative product market competition.

MO Stock price predictions for 2025

Altria Group (MO), one of the world’s largest tobacco companies, faces an uncertain outlook in the coming years as the tobacco industry grapples with declining cigarette volumes and a shifting regulatory landscape.

Analysts expect moderate growth of 9% by January 2025, with an average price projected at $47 and the highest price — at $56. A growing range of smoke-free products and increased cigarette sales could drive a stock price rise. However, regulatory actions, lawsuits, and declining sales could harm the stock rate.

Analysts do not expect MO to grow significantly in the coming years and doubt the company’s ability to adapt to changing market conditions. However, high dividends provide some investment stability.

Gov Capital

Price range: $39,854 – $130.968 (as of June 10, 2024)

GovCapital projects the stock price to reach $46,887 in January. Next, the rate is expected to grow to $48,195 by early February. In mid-year, the MO stock is projected to trade at around $87,144, hitting $89,772 by year-end.

Month	Average, $	Low, $	High, $
January	46,887	39,854	53,920
February	48,195	40,966	55,424
March	49,331	41,931	56,730
April	50,346	42,794	57,897
May	51,481	43,759	59,203
June	75,241	63,955	86,528
July	87,144	74,072	100,215
August	88,148	74,926	101,371
September	87,933	74,743	101,123
October	88,020	74,817	101,223
November	87,997	74,797	101,197
December	89,772	76,306	103,238

PandaForecast

Price range: $55.06 – $65.82 (as of June 10, 2024)

PandaForecast‘s outlook suggests a sustained sideways trajectory in 2025, with an average price ranging from $55.84 to 63.43.

Month	Average price, $	Minimum, $	Maximum, $
January	55.84	55.06	56.62
February	57.48	56.47	59.41
March	57.64	56.59	59.54
April	58.00	55.73	60.77
May	58.65	57.50	61.94
June	57.42	55.69	59.91
July	61.36	58.66	63.60
August	59.86	56.55	62.79
September	61.83	58.45	64.99
October	62.91	61.41	65.82
November	60.75	59.05	62.45
December	63.43	62.37	64.45

WalletInvestor

Price range: $44.474 – $46.948 (as of June 10, 2024).

WalletInvestor forecasts moderate volatility for the MO stock in 2025, with shares trading in a narrow range. The price will reach a peak in April and gradually decline by mid-year. A slight fall is expected in August and September, and quotes will begin to recover by year-end. Analysts at WalletInvestor suggest investors remain cautiously optimistic.

Month	Opening, $	Closing, $	Minimum, $	Maximum, $	Change
January	45.970	46.132	45.936	46.235	0.35 % ▲
February	46.080	46.607	45.993	46.607	1.13 % ▲
March	46.688	46.780	46.639	46.780	0.2 % ▲
April	46.818	46.399	46.399	46.948	-0.9 %▼
May	46.342	46.587	46.197	46.587	0.53 % ▲
June	46.562	45.718	45.658	46.564	-1.85 %▼
July	45.751	45.780	45.725	46.175	0.06 % ▲
August	45.783	45.448	45.279	45.783	-0.74 %▼
September	45.446	44.514	44.474	45.457	-2.09 %▼
October	44.484	45.548	44.482	45.635	2.34 % ▲
November	45.423	45.060	44.724	45.423	-0.81 %▼
December	45.246	45.567	45.246	45.909	0.71 % ▲

MO Stock price predictions for 2026

The overarching sentiment among market analysts about MO (Altria Group) stock in 2026 is positive, with expectations of an upward trajectory. 

One of the more bullish forecasts comes from Gov.Capital, which anticipates a rapid surge in MO stock and projects it to reach an impressive $150. This prediction is based on various factors, including market trends and the company’s strategic initiatives.

On the other hand, some experts share a more reserved yet optimistic view. These analysts expect the stock to rise steadily and predict a price of around $43 in 2026.

It’s important to consider the industry’s potential challenges, including regulatory changes and shifting consumer preferences. Thus, investors must thoroughly evaluate these factors before making investment decisions.

Gov Capital

Price range: $76,535 – $170,571 (as of June 10, 2024).

Analysts at GovCapital project a stable upward trajectory throughout 2026. The average price will reach a maximum of $148,323 in December. This upward trend reflects investor optimism and confidence in the company’s success. Thus, the forecast for 2026 indicates optimistic prospects for MO shares and favorable market conditions.

Month	Average Price,$	Min Price, $	Max Price,$
January	90,041	76,535	103,547
February	91,429	77,715	105,144
March	92,540	78,659	106,421
April	93,029	79,075	106,983
May	94,825	80,601	109,048
June	128,688	109,3848	147,9912
July	146,143	124,221	168,064
August	146,616	124,624	168,608
September	146,920	124,882	168,958
October	146,706	124,700	168,712
November	146,526	124,547	168,505
December	148,323	126,074	170,571

PandaForecast

Price range: $58.84 – $68.31 (as of June 10, 2024)

Experts at PandaForecast expect the flat trend to continue, with the stock price fluctuating between $58.84 – $68.31 in 2026.

Month	Average price, $	Minimum, $	Maximum, $
January	61.48	59.15	64.36
February	62.25	61.38	64.52
March	62.77	61.06	64.66
April	62.64	59.53	65.84
May	62.86	61.06	63.74
June	60.71	58.84	61.68
July	64.83	62.51	66.73
August	63.56	60.84	66.81
September	65.43	64.10	68.31
October	64.78	62.56	65.78
November	64.38	62.66	67.53
December	62.03	58.91	65.51

WalletInvestor

Price range: $44.036 – $46.536 (as of June 10, 2024)

WalletInvestor‘s analysis of MO (Altria Group)’s stock for 2026 suggests an overall stable trend with minor rate fluctuations. This stability may indicate investor confidence in Altria Group’s business strategy and ability to maintain a strong market position. However, moderate volatility may also indicate a cautious investor approach due to potential regulatory changes and the state of the tobacco industry.

Month	Opening, $	Closing, $	Minimum, $	Maximum, $	Change
January	45.529	45.734	45.529	45.805	0.45 % ▲
February	45.680	46.144	45.583	46.144	1 % ▲
March	46.236	46.373	46.226	46.373	0.3 % ▲
April	46.347	45.965	45.965	46.536	-0.83 %▼
May	45.981	46.164	45.788	46.164	0.39 % ▲
June	46.156	45.313	45.252	46.164	-1.86 %▼
July	45.282	45.424	45.276	45.766	0.31 % ▲
August	45.276	45.030	44.865	45.276	-0.54 %▼
September	45.046	44.046	44.046	45.046	-2.27 %▼
October	44.036	45.164	44.036	45.225	2.5 % ▲
November	45.059	44.745	44.300	45.059	-0.7 %▼
December	44.828	45.128	44.828	45.481	0.66 % ▲

Altria’s Price History: Timeline

 

Altria’s share price has struggled to regain the all-time high of $ set on . Significant spin-offs of Kraft Foods and Philip Morris International caused steep declines in 2008. Another attempt to peak in June 2017 at $77.78 quickly reversed as the FDA announced plans to explore reduced nicotine standards.

In 2018, MO stock plunged from $71 to below $50 as the company faced challenges expanding beyond traditional cigarettes, with weak performance of investments in JUUL e-cigarettes and cannabis producer Cronos.

The downward trend continued in 2019 despite a temporary surge when Altria reported higher quarterly revenues. But COVID-19 weighed on 2020 performance given risks it posed to the cigarette business.

In 2021, MO stock demonstrated resilience, breaching the $52 mark. However, analysts temper expectations for significant growth, acknowledging the sustained regulatory and competitive strains on Altria’s principal tobacco business.

As we move beyond historical data into the present, Altria’s capacity to pivot its business strategy and diversify its product offerings will be crucial in mitigating the impact of diminishing cigarette sales. 

The company’s navigation through stringent regulatory channels in 2022 was a testament to its adaptability despite its ongoing challenges. In 2022, while the company showed some adaptability to these pressures, it also encountered substantial obstacles that reflected deep-seated industry shifts.

The overarching question is whether Altria can effectively surmount the entrenched hurdles that have historically impeded growth. Analysts’ projections indicate that structural challenges within the tobacco industry will likely continue, suggesting that Altria’s future performance will heavily rely on its strategic response to these enduring trends.

Long-Term MO Stock Forecast for 2027 and Beyond

MO (Altria Group) stock forecasts for 2027 and beyond show mixed analyst estimates. Gov Capital projects an exceptionally bullish trend, anticipating the stock to reach around $193 by the end of 2027 and further escalating to $265 in January 2029. This prediction is potentially driven by Altria Group’s successful strategic initiatives, market expansion, and robust financial performance.

Contrastingly, WalletInvestor offers a more negative outlook, estimating the Altria stock price to trade at around $43 at the beginning of 2029. This forecast considers the typical market volatilities and the challenges inherent in the tobacco industry, such as regulatory shifts and declining demand.

The divergence in these predictions reflects the dynamic nature of the stock market, where different models and analyses can lead to varied conclusions.

GovCapital

GovCapital‘s outlook for MO (Altria Group)’s shares in 2027-2028 suggests an uptrend.

Year	Average, $	Low, $	High, $
2027	193,173	164,197	222,149
2028	265,271	225,481	305,062

PandaForecast

PandaForecast‘s outlook for 2027-2028 predicts a bearish trend. The average price is expected to sink from $60.7 to $60.16.

Year	Average, $	Low, $	High, $
2027	60,717	58,733	62,935
2028	60,163	58,073	62,009

WalletInvestor

WalletInvestor‘s #MO forecast for 2027 and 2028 reflects a pessimistic outlook. Analysts forecast a period of stagnation, considering current market conditions, regulatory restrictions, and Altria’s strategic initiatives and innovations. The forecast also considers the volatility inherent in the tobacco industry. Thus, investors are advised to closely monitor Altria’s ability to adapt to market changes when making long-term investment decisions concerning #MO shares.

Year	Average, $	Low, $	High, $
2027	45,026	44,717	45,336
2028	44,619	44,315	44,923

Major Factors That Affect The Altria Group, Inc. Share Price in 2024 & Beyond

Investors should keep a vigilant eye on factors influencing MO stock price to gauge the company’s future performance and develop a robust trading strategy. Let’s have a look at some of them.

1. Regulatory Landscape. The tobacco industry, where Altria Group is a key player, faces stringent regulations. Upcoming legislative changes, particularly in areas of product approval and marketing, could significantly sway Altria’s share price.
2. Market Dynamics. The evolving consumer preferences towards healthier lifestyles pose challenges for Altria. The company’s adaptability in expanding its portfolio to include non-tobacco products will be crucial. 
3. Economic Factors. Altria’s performance is also tied to broader economic conditions. Factors like disposable income levels, taxation policies, and international trade agreements can influence the company’s profitability and thus, its stock price.
4. Technological Innovations. Technology plays a pivotal role in shaping the tobacco industry. Altria’s investment in research and development, especially in the realm of alternative smoking technologies, could be a game-changer. Advancements in this area might offer new revenue streams, positively affecting the share price.

Conclusion: Are MO Stock a Good Investment?

In conclusion, the future of Altria Group (MO) stock presents a complex and multifaceted picture. On the one hand, Altria’s high dividend yield, exceeding 8%, remains a strong draw for income investors. However, the tobacco industry’s declining volumes and regulatory challenges cast a shadow over its long-term outlook. Analysts offer a cautious view for 2024, suggesting a price range of $46-$47. However, there are also optimistic long-term expectations among some analysts. Bold predictions suggest that MO’s stock price could soar to as high as $300, fueled by the company’s strategic shift towards non-combustible products like IQOS. This transition is critical as cigarette sales continue to decline.

The company’s future now depends heavily on navigating regulatory hurdles, such as potential menthol bans, heightened tobacco taxes, and managing litigation risks. Therefore, investors are advised to balance the allure of high dividends against the risks of regulatory changes and the company’s ability to evolve.

Price chart of MO in real time mode

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