Macy's, Inc. (M)

Macy's Stock Forecast

Stock Price Forecast

The 9 analysts that cover Macy's stock have a consensus rating of "Hold" and an average price target of $15.72, which forecasts a -17.22% decrease in the stock price over the next year. The lowest target is $6.50 and the highest is $20.

Price Target: $15.72 (-17.22%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$6.50	$15.72	$16	$20
Change	-65.77%	-17.22%	-15.75%	+5.32%

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	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	1	1	1	1	2	2
Buy	0	0	0	0	0	0
Hold	8	8	7	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	10	10	9	9	10	10

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Robert Drbul BTIG	BTIG	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Oct 15, 2025
Brooke Roach Goldman Sachs	Goldman Sachs	Hold Maintains $15 → $17	Hold	Maintains	$15 → $17	-13.11%	Oct 6, 2025
Alex Straton Morgan Stanley	Morgan Stanley	Hold Maintains $12 → $16	Hold	Maintains	$12 → $16	-15.75%	Sep 18, 2025
Brooke Roach Goldman Sachs	Goldman Sachs	Hold Maintains $13 → $15	Hold	Maintains	$13 → $15	-23.64%	Sep 4, 2025
Paul Lejuez Citigroup	Citigroup	Hold Maintains $12 → $16	Hold	Maintains	$12 → $16	-15.75%	Sep 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

21.87B

Decreased by -4.93%

from 23.01B

Revenue Next Year

21.38B

Decreased by -2.25%

from 21.87B

EPS This Year

1.98

Decreased by -4.56%

from 2.07

EPS Next Year

2.04

Increased by 3.18%

from 1.98

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 30, 2021	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Feb 1, 2026	Feb 1, 2027
Revenue	18.10B	25.40B	25.45B	23.87B	23.01B	21.87B	21.38B
Revenue Growth	-28.56%	40.35%	0.20%	-6.22%	-3.60%	-4.93%	-2.25%
EPS	-12.68	4.55	4.08	0.16	2.07	1.98	2.04
EPS Growth	-	-	-10.33%	-96.08%	1,193.75%	-4.56%	3.18%
Forward PE	-	-	-	-	-	9.61	9.32
No. Analysts	-	-	-	-	-	17	17

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

Revenue Forecast

Revenue	2026	2027	2028
High	23.4B	23.2B
Avg	21.9B	21.4B
Low	20.5B	18.9B

Revenue Growth

Revenue Growth	2026	2027	2028
High	1.9%	5.9%
Avg	-4.9%	-2.2%
Low	-11.1%	-13.8%

EPS Forecast

EPS	2026	2027	2028	2029	2030
High	2.39	2.46
Avg	1.98	2.04
Low	1.32	1.42

EPS Growth

EPS Growth	2026	2027	2028	2029	2030
High	15.7%	24.4%
Avg	-4.6%	3.2%
Low	-36.1%	-28.1%

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.