Macy's, Inc. (M)
NYSE: M · IEX Real-Time Price · USD
17.82
-0.43 (-2.36%)
At close: Jul 2, 2024, 4:00 PM
17.89
+0.07 (0.39%)
After-hours: Jul 2, 2024, 7:59 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 -0.67% from the current stock price of 17.82.
Analyst Consensus: Hold
* Price targets were last updated on May 22, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
---|---|---|---|---|---|---|
Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Buy | 1 | 1 | 1 | 1 | 1 | 1 |
Hold | 5 | 7 | 6 | 6 | 6 | 6 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 2 | 1 | 1 | 1 | 1 | 1 |
Total | 10 | 11 | 10 | 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 | +17.85% | May 22, 2024 |
JP Morgan | JP Morgan | Buy Maintains $25 → $27 | Buy | Maintains | $25 → $27 | +51.52% | May 22, 2024 |
Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +17.85% | May 22, 2024 |
Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +17.85% | May 21, 2024 |
Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +17.85% | Mar 28, 2024 |
Financial Forecast
Revenue This Year
23.24B
from 23.87B
Decreased by -2.64%
Revenue Next Year
22.72B
from 23.24B
Decreased by -2.23%
EPS This Year
2.84
from 0.38
Increased by 646.67%
EPS Next Year
2.79
from 2.84
Decreased by -1.62%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 |
---|---|---|---|
High | 24.7B | 24.2B | 19.0B |
Avg | 23.2B | 22.7B | 18.5B |
Low | 21.7B | 19.3B | 17.8B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 |
---|---|---|---|
High | 3.3% | 4.2% | -16.2% |
Avg | -2.6% | -2.2% | -18.6% |
Low | -9.0% | -16.8% | -21.8% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 3.03 | 3.22 | 3.49 | 3.52 | 3.72 |
Avg | 2.84 | 2.79 | 2.70 | 3.42 | 3.61 |
Low | 2.55 | 2.11 | 2.01 | 3.28 | 3.47 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 698.6% | 13.6% | 24.9% | 30.4% | 8.8% |
Avg | 646.7% | -1.6% | -3.4% | 26.7% | 5.7% |
Low | 570.5% | -25.7% | -28.1% | 21.7% | 1.5% |
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.