Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
21.94
+0.30 (1.39%)
Sep 18, 2026, 4:00 PM EDT - Market closed

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 $23.36. The average 1-year stock price forecast is 6.47% higher than the current stock price, while the lowest is $10 (-54.42%) and the highest is $30 (+36.74%).

Price Target: $23.36 (+6.47%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$10$23.36$24$30
Change-54.42%+6.47%+9.39%+36.74%

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

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy111111
Buy110111
Hold991010109
Sell000000
Strong Sell111111
Total121212131312

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
UBS
UBS
Sell
Reiterates
$10
SellReiterates$10-54.42%Sep 17, 2026
Goldman Sachs
Goldman Sachs
Hold
Maintains
$22
HoldMaintains$22+0.27%Sep 16, 2026
TD Cowen
TD Cowen
Hold
Maintains
$25
HoldMaintains$25+13.95%Sep 15, 2026
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$30
BuyReiterates$30+36.74%Sep 14, 2026
Evercore ISI
Evercore ISI
Hold
Maintains
$22
HoldMaintains$22+0.27%Sep 11, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
21.90B
from 22.62B
Decreased by -3.20%
Revenue Next Year
21.69B
from 21.90B
Decreased by -0.93%
EPS This Year
2.32
from 2.32
Increased by 0.20%
EPS Next Year
2.39
from 2.32
Increased by 2.67%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingJan 29, 2022Jan 28, 2023Feb 3, 2024Feb 1, 2025Jan 31, 2026Jan 31, 2027
Revenue
25.40B25.45B23.87B23.01B22.62B21.90B
Revenue Growth
40.35%0.20%-6.22%-3.60%-1.67%-3.20%
Gross Profit
10.44B10.10B9.64B9.27B9.12B8.51B
Gross Margin
41.12%39.70%40.40%40.28%40.33%38.87%
Operating Income
2.33B1.64B1.26B913.00M877.00M925.89M
Net Income
1.43B1.15B45.00M582.00M642.00M649.60M
EPS
----2.322.32
EPS Growth
-----12.12%0.20%
Forward PE
6.036.506.467.059.259.44
Dividend / Share
0.300.630.660.690.730.74
Dividend Growth
-20.53%110.00%4.76%4.55%5.80%1.45%
Free Cash Flow
----433.50M762.50M
No. Analysts
-----8
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202720282029
High22.8B
Avg21.9B
Low21.7B

Revenue Growth

Revenue Growth202720282029
High
0.6%
Avg
-3.2%
Low
-4.0%

EPS Forecast

EPS202720282029
High2.39
Avg2.32
Low2.25

EPS Growth

EPS Growth202720282029
High
3.1%
Avg
0.2%
Low
-3.0%