Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
16.30
+1.23 (8.16%)
At close: Nov 22, 2024, 4:00 PM
16.35
+0.05 (0.31%)
After-hours: Nov 22, 2024, 7:51 PM EST
Macy's Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for Macy's stock have an average target of 19.86, with a low estimate of 17 and a high estimate of 27. The average target predicts an increase of 21.84% from the current stock price of 16.30.
Analyst Consensus: Buy
* Price targets were last updated on Aug 22, 2024.
Analyst Ratings
The average analyst rating for Macy's stock from 7 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 6 | 6 | 6 | 6 | 6 | 5 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Total | 10 | 10 | 10 | 10 | 10 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Hold Maintains $18 → $17 | Hold | Maintains | $18 → $17 | +4.29% | Aug 22, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 → $17 | Hold | Maintains | $21 → $17 | +4.29% | Aug 22, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +28.83% | Aug 21, 2024 |
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +28.83% | Aug 14, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $22 → $17 | Hold | Maintains | $22 → $17 | +4.29% | Jul 16, 2024 |
Financial Forecast
Revenue This Year
22.87B
from 23.87B
Decreased by -4.19%
Revenue Next Year
22.27B
from 22.87B
Decreased by -2.62%
EPS This Year
2.78
from 0.38
Increased by 632.54%
EPS Next Year
2.63
from 2.78
Decreased by -5.45%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 24.3B | 24.2B | 24.1B |
| Avg | 22.9B | 22.3B | 21.9B |
| Low | 21.5B | 19.3B | 17.7B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.6% | 5.7% | 8.1% |
| Avg | -4.2% | -2.6% | -1.6% |
| Low | -9.8% | -15.7% | -20.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.00 | 2.93 | 3.45 | ||
| Avg | 2.78 | 2.63 | 2.72 | ||
| Low | 2.55 | 1.95 | 2.01 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 690.3% | 5.2% | 31.3% | ||
| Avg | 632.5% | -5.4% | 3.5% | ||
| Low | 569.8% | -30.1% | -23.7% |
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.