Macy's, Inc. (M)
NYSE: M · IEX Real-Time Price · USD
19.04
+0.03 (0.16%)
At close: Apr 18, 2024, 4:00 PM
19.00
-0.04 (-0.21%)
Pre-market: Apr 19, 2024, 8:36 AM 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 17.4, with a low estimate of 10 and a high estimate of 25. The average target predicts a decrease of -8.61% from the current stock price of 19.04.
Analyst Consensus: Hold
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 7 | 5 | 5 | 7 | 6 | 6 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 2 | 2 | 1 | 1 | 1 |
| Total | 11 | 10 | 10 | 11 | 10 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Telsey Advisory Group | Telsey Advisory Group | Hold Maintains $21 | Hold | Maintains | $21 | +10.29% | Mar 28, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $23 → $25 | Buy | Maintains | $23 → $25 | +31.30% | Mar 11, 2024 |
| TD Cowen | TD Cowen | Buy → Hold Downgrades $23 → $20 | Buy → Hold | Downgrades | $23 → $20 | +5.04% | Feb 29, 2024 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $21 → $20 | Hold | Maintains | $21 → $20 | +5.04% | Feb 28, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $16 → $22 | Strong Buy | Maintains | $16 → $22 | +15.55% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
23.26B
from 23.87B
Decreased by -2.53%
Revenue Next Year
22.91B
from 23.26B
Decreased by -1.51%
EPS This Year
2.68
from 0.38
Increased by 604.92%
EPS Next Year
2.63
from 2.68
Decreased by -1.69%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 24.7B | 24.6B | 24.3B |
| Avg | 23.3B | 22.9B | 20.8B |
| Low | 21.3B | 19.1B | 17.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.6% | 5.6% | 6.0% |
| Avg | -2.5% | -1.5% | -9.1% |
| Low | -10.7% | -17.7% | -23.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.98 | 3.15 | 3.68 | 4.53 | 4.70 |
| Avg | 2.68 | 2.63 | 2.56 | 4.40 | 4.57 |
| Low | 2.35 | 1.90 | 1.88 | 4.22 | 4.39 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 684.7% | 17.6% | 39.5% | 77.1% | 7.0% |
| Avg | 604.9% | -1.7% | -3.0% | 72.1% | 3.9% |
| Low | 517.4% | -29.0% | -28.6% | 65.3% | -0.1% |
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.