Macy's, Inc. (M)
NYSE: M · IEX Real-Time Price · USD
19.48
+0.34 (1.78%)
At close: May 31, 2024, 4:00 PM
19.49
0.00 (0.03%)
After-hours: May 31, 2024, 7:47 PM EDT
Macy's Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for Macy's stock have an average target of 17.7, with a low estimate of 10 and a high estimate of 27. The average target predicts a decrease of -9.14% from the current stock price of 19.48.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for Macy's stock from 10 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 5 | 5 | 7 | 6 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 2 | 2 | 1 | 1 | 1 | 1 |
| Total | 10 | 10 | 11 | 10 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Hold Maintains $20 → $21 | Hold | Maintains | $20 → $21 | +7.80% | May 22, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $25 → $27 | Buy | Maintains | $25 → $27 | +38.60% | May 22, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +7.80% | May 22, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +7.80% | May 21, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +7.80% | Mar 28, 2024 |
Financial Forecast
Revenue This Year
23.26B
from 23.87B
Decreased by -2.54%
Revenue Next Year
22.91B
from 23.26B
Decreased by -1.49%
EPS This Year
2.80
from 0.38
Increased by 636.12%
EPS Next Year
2.83
from 2.80
Increased by 1.07%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 24.7B | 24.6B | 24.1B |
| Avg | 23.3B | 22.9B | 20.8B |
| Low | 21.4B | 19.2B | 17.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.6% | 5.6% | 5.2% |
| Avg | -2.5% | -1.5% | -9.3% |
| Low | -10.5% | -17.5% | -23.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.03 | 3.57 | 3.74 | 3.57 | 3.77 |
| Avg | 2.80 | 2.83 | 2.89 | 3.47 | 3.66 |
| Low | 2.40 | 2.06 | 1.96 | 3.33 | 3.52 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 698.6% | 27.6% | 32.2% | 23.5% | 8.7% |
| Avg | 636.1% | 1.1% | 2.2% | 20.0% | 5.6% |
| Low | 531.8% | -26.4% | -30.7% | 15.3% | 1.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.