McDonald's Corporation (MCD)
NYSE: MCD · Real-Time Price · USD
303.76
+0.31 (0.10%)
At close: Oct 4, 2024, 4:00 PM
303.80
+0.04 (0.01%)
After-hours: Oct 4, 2024, 7:26 PM EDT
McDonald's Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for McDonald's stock have an average target of 310.21, with a low estimate of 265 and a high estimate of 360. The average target predicts an increase of 2.12% from the current stock price of 303.76.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for McDonald's stock from 28 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 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 9 | 10 | 9 | 9 |
| Buy | 11 | 11 | 11 | 11 | 10 | 10 |
| Hold | 8 | 9 | 9 | 8 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 28 | 29 | 29 | 29 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Hold Maintains $301 → $317 | Hold | Maintains | $301 → $317 | +4.36% | Oct 2, 2024 |
| Baird | Baird | Buy Maintains $280 → $320 | Buy | Maintains | $280 → $320 | +5.35% | Sep 26, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $284 → $325 | Hold | Maintains | $284 → $325 | +6.99% | Sep 24, 2024 |
| TD Cowen | TD Cowen | Hold Reiterates $280 | Hold | Reiterates | $280 | -7.82% | Sep 23, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $270 → $290 | Buy | Maintains | $270 → $290 | -4.53% | Sep 16, 2024 |
Financial Forecast
Revenue This Year
26.34B
from 25.49B
Increased by 3.31%
Revenue Next Year
27.60B
from 26.34B
Increased by 4.78%
EPS This Year
11.94
from 11.56
Increased by 3.28%
EPS Next Year
12.87
from 11.94
Increased by 7.81%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 27.7B | 29.6B | 31.0B | ||
| Avg | 26.3B | 27.6B | 29.1B | ||
| Low | 25.3B | 25.7B | 27.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 8.7% | 12.4% | 12.4% | ||
| Avg | 3.3% | 4.8% | 5.3% | ||
| Low | -0.6% | -2.5% | -1.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.77 | 13.98 | 14.75 | ||
| Avg | 11.94 | 12.87 | 13.85 | ||
| Low | 11.19 | 11.98 | 12.82 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.4% | 17.1% | 14.6% | ||
| Avg | 3.3% | 7.8% | 7.6% | ||
| Low | -3.2% | 0.3% | -0.4% |
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.