Could Greggs shares hit £30? Here's what I'm expecting

Greggs’ (LSE:GRG) shares have surged from about 1,560p after July’s half-year results to nearly 2,350p, following a difficult 2025. The article asks whether momentum can carry the stock back toward 3,000p for the first time since 2024 and targets “£30” as a potential next milestone. It attributes the rally to improving fundamentals and a valuation described as undervalued, noting that Q3 2026 sales growth reached 7.7% versus 6.1% a year ago, while like-for-like sales rose from 1.5% to 3.4%. Management lifted full-year expectations despite weak UK consumer confidence. The piece also points to falling capex—about £180m expected for 2026 versus £287.5m in 2025—supporting a rebound in free cash flow over 12–18 months, while acknowledging limited forecasts for hitting £30 within a year.