Macy's, Inc. (M)

Macy's Stock Forecast

Stock Price Forecast

The 11 analysts that cover Macy's stock have a consensus rating of "Hold" and an average price target of $20.09, which forecasts a 10.08% increase in the stock price over the next year. The lowest target is $9.00 and the highest is $27.

Price Target: $20.09 (+10.08%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$9.00	$20.09	$21	$27
Change	-50.68%	+10.08%	+15.07%	+47.95%

Analyst Ratings

The average analyst rating for Macy's stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	7	7	9	9	9	10
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	10	10	12	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Paul Lejuez Citigroup	Citigroup	Hold Maintains $24 → $18	Hold	Maintains	$24 → $18	-1.37%	Mar 19, 2026
Oliver Chen TD Cowen	TD Cowen	Hold Maintains $21 → $20	Hold	Maintains	$21 → $20	+9.59%	Mar 19, 2026
Dana Telsey Telsey Advisory Group	Telsey Advisory Group	Hold Maintains $25 → $20	Hold	Maintains	$25 → $20	+9.59%	Mar 19, 2026
Matthew Boss JP Morgan	JP Morgan	Hold Maintains $24 → $21	Hold	Maintains	$24 → $21	+15.07%	Mar 18, 2026
Dana Telsey Telsey Advisory Group	Telsey Advisory Group	Hold Maintains $25	Hold	Maintains	$25	+36.99%	Mar 18, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

21.85B

Decreased by -3.41%

from 22.62B

Revenue Next Year

21.13B

Decreased by -3.32%

from 21.85B

EPS This Year

2.28

Decreased by -1.69%

from 2.32

EPS Next Year

2.28

Decreased by -0.20%

from 2.28

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Jan 31, 2026	Jan 31, 2027	Jan 31, 2028
Revenue	25.40B	25.45B	23.87B	23.01B	22.62B	21.85B	21.13B
Revenue Growth	40.35%	0.20%	-6.22%	-3.60%	-1.67%	-3.41%	-3.32%
EPS	4.55	4.08	0.16	2.07	2.32	2.28	2.28
EPS Growth	-	-10.33%	-96.08%	1,193.75%	12.08%	-1.69%	-0.20%
Forward PE	-	-	-	-	-	8.00	8.02
No. Analysts	-	-	-	-	-	15	9

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2027	2028
High	23.6B	23.2B
Avg	21.9B	21.1B
Low	19.5B	18.1B

Revenue Growth

Revenue Growth	2027	2028
High	4.4%	6.0%
Avg	-3.4%	-3.3%
Low	-13.7%	-17.3%

EPS Forecast

EPS	2027	2028	2029	2030	2031
High	2.67	2.70
Avg	2.28	2.28
Low	1.91	1.83

EPS Growth

EPS Growth	2027	2028	2029	2030	2031
High	15.0%	18.3%
Avg	-1.7%	-0.2%
Low	-17.6%	-19.7%

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.