Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
21.74
+0.17 (0.79%)
At close: Jan 16, 2026, 4:00 PM EST
21.63
-0.11 (-0.50%)
After-hours: Jan 16, 2026, 7:44 PM EST
Macy's Stock Forecast
Stock Price Forecast
The 10 analysts that cover Macy's stock have a consensus rating of "Hold" and an average price target of $20.6, which forecasts a -5.24% decrease in the stock price over the next year. The lowest target is $8.00 and the highest is $27.
Price Target: $20.6 (-5.24%)
Analyst Consensus: Hold
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 | Aug '25 | Sep '25 | Oct '25 | Nov '25 | Dec '25 | Jan '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 7 | 7 | 7 | 7 | 9 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 9 | 10 | 10 | 10 | 12 | 12 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Initiates $27 | Strong Buy | Initiates | $27 | +24.20% | Jan 14, 2026 |
| Jefferies | Jefferies | Strong Buy Maintains $26 → $27 | Strong Buy | Maintains | $26 → $27 | +24.20% | Dec 12, 2025 |
| Guggenheim | Guggenheim | Hold Initiates n/a | Hold | Initiates | n/a | n/a | Dec 10, 2025 |
| Goldman Sachs | Goldman Sachs | Hold Maintains $17 → $22 | Hold | Maintains | $17 → $22 | +1.20% | Dec 5, 2025 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $14 → $21 | Hold | Maintains | $14 → $21 | -3.40% | Dec 5, 2025 |
Financial Forecast
Revenue This Year
22.18B
from 23.01B
Decreased by -3.58%
Revenue Next Year
21.70B
from 22.18B
Decreased by -2.17%
EPS This Year
2.20
from 2.07
Increased by 6.50%
EPS Next Year
2.25
from 2.20
Increased by 2.22%
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 24.2B | 23.6B | |
| Avg | 22.2B | 21.7B | |
| Low | 21.0B | 19.4B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 5.0% | 6.5% | |
| Avg | -3.6% | -2.2% | |
| Low | -8.5% | -12.5% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| High | 2.53 | 2.60 | ||||
| Avg | 2.20 | 2.25 | ||||
| Low | 1.91 | 1.91 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|---|---|
| High | 22.0% | 17.7% | ||||
| Avg | 6.5% | 2.2% | ||||
| Low | -7.7% | -13.3% |
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.