Macy's Stock Forecast

Stock Price Forecast

According to 13 analysts polled by S&P Global, Macy's stock has a consensus rating of "Hold" and an average price target of $22.77. The average 1-year stock price forecast is 0.57% higher than the current stock price, while the lowest is $9.00 (-60.25%) and the highest is $30 (+32.51%).

Price Target: $22.77 (+0.57%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$9.00	$22.77	$23	$30
Change	-60.25%	+0.57%	+1.59%	+32.51%

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	Feb '26	Mar '26	Apr '26	May '26	Jun '26	Jul '26
Strong Buy	1	1	1	1	1	1
Buy	0	1	1	1	0	1
Hold	11	10	9	9	10	10
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	13	13	12	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Alexandra Straton Morgan Stanley	Morgan Stanley	Buy Initiates $30	Buy	Initiates	$30	+32.51%	Jul 6, 2026
Oliver Chen TD Cowen	TD Cowen	Hold Reiterates $20 → $25	Hold	Reiterates	$20 → $25	+10.42%	Jun 22, 2026
Brooke Roach Goldman Sachs	Goldman Sachs	Hold Maintains $20 → $21	Hold	Maintains	$20 → $21	-7.24%	Jun 4, 2026
Michael Binetti Evercore ISI	Evercore ISI	Hold Maintains $19 → $22	Hold	Maintains	$19 → $22	-2.83%	Jun 4, 2026
Matthew Boss J.P. Morgan	J.P. Morgan	Hold Maintains $21 → $27	Hold	Maintains	$21 → $27	+19.26%	Jun 4, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

21.78B

from 22.62B

-3.70%

from 22.62B

Revenue Next Year

21.57B

from 21.78B

-0.99%

from 21.78B

EPS This Year

2.21

from 2.32

-4.67%

from 2.32

EPS Next Year

2.33

from 2.21

5.30%

from 2.21

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Jan 31, 2026	Jan 31, 2027
Revenue	25.40B	25.45B	23.87B	23.01B	22.62B	21.78B
Revenue Growth	40.35%	0.20%	-6.22%	-3.60%	-1.67%	-3.70%
Gross Profit	10.44B	10.10B	9.64B	9.27B	9.12B	8.50B
Gross Margin	41.12%	39.70%	40.40%	40.28%	40.33%	39.03%
Operating Income	2.33B	1.64B	1.26B	913.00M	877.00M	914.51M
Net Income	1.43B	1.15B	45.00M	582.00M	642.00M	627.60M
EPS	-	-	-	-	2.32	2.21
EPS Growth	-	-	-	-	-12.12%	-4.67%
Forward PE	6.03	6.50	6.46	7.05	9.25	10.24
Dividend / Share	0.30	0.63	0.66	0.69	0.73	0.74
Dividend Growth	-	110.00%	4.76%	4.55%	5.80%	0.85%
Free Cash Flow	1.54B	45.75M	250.00M	425.75M	433.50M	724.50M
No. Analysts	-	-	-	-	-	9

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2027	2028	2029
High	22.8B
Avg	21.8B
Low	21.6B

Revenue Growth

Revenue Growth	2027	2028	2029
High	0.6%
Avg	-3.7%
Low	-4.7%

EPS Forecast

EPS	2027	2028	2029
High	2.31
Avg	2.21
Low	2.05

EPS Growth

EPS Growth	2027	2028	2029
High	-0.4%
Avg	-4.7%
Low	-11.6%