Macy's, Inc. (M)
NYSE: M · IEX Real-Time Price · USD
18.23
-0.19 (-1.03%)
At close: Jun 18, 2024, 4:00 PM
18.22
-0.01 (-0.05%)
After-hours: Jun 18, 2024, 7:42 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 -2.91% from the current stock price of 18.23.

Analyst Consensus: Hold
Target Low Average Median High
Price $10 $17.7 $20 $27
Change -45.15% -2.91% +9.71% +48.11%

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 '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 111111
Buy 111111
Hold 576666
Sell 111111
Strong Sell 211111
Total 101110101010

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
TD Cowen
TD Cowen
Hold
Maintains
$20$21
Hold Maintains $20$21 +15.19% May 22, 2024
JP Morgan
JP Morgan
Buy
Maintains
$25$27
Buy Maintains $25$27 +48.11% May 22, 2024
Telsey Advisory Group
Telsey Advisory Group
Hold
Maintains
$21
Hold Maintains $21 +15.19% May 22, 2024
Telsey Advisory Group
Telsey Advisory Group
Hold
Maintains
$21
Hold Maintains $21 +15.19% May 21, 2024
Telsey Advisory Group
Telsey Advisory Group
Hold
Maintains
$21
Hold Maintains $21 +15.19% Mar 28, 2024
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
24.56B17.35B25.40B25.45B23.87B23.24B22.72B18.49B--
Revenue Growth
-1.65%-29.37%46.43%0.20%-6.22%-2.64%-2.23%-18.60%--
EPS
1.81-12.684.554.190.382.842.792.703.423.61
EPS Growth
-49.16%---7.91%-90.93%646.67%-1.62%-3.38%26.69%5.67%
Forward PE
-----6.426.536.765.345.05
No. Analysts -----1616633
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
3.3%
4.2%
-16.2%
Avg
-2.6%
-2.2%
-18.6%
Low
-9.0%
-16.8%
-21.8%

EPS Forecast

EPS 20242025202620272028
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 20242025202620272028
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.