Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
22.82
+0.23 (1.02%)
At close: Aug 26, 2026, 4:00 PM EDT
22.80
-0.02 (-0.09%)
After-hours: Aug 26, 2026, 7:54 PM EDT

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 $23.23. The average 1-year stock price forecast is 1.80% higher than the current stock price, while the lowest is $10 (-56.18%) and the highest is $30 (+31.46%).

Price Target: $23.23 (+1.80%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$10$23.23$24$30
Change-56.18%+1.80%+5.17%+31.46%

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
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy111111
Buy111011
Hold1099101010
Sell000000
Strong Sell111111
Total131212121313

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
UBS
UBS
Sell
Reiterates
$9$10
SellReiterates$9$10-56.18%Aug 26, 2026
Citi
Citi
Hold
Reiterates
$22$24
HoldReiterates$22$24+5.17%Aug 25, 2026
J.P. Morgan
J.P. Morgan
Hold
Maintains
$27
HoldMaintains$27+18.32%Aug 18, 2026
Morgan Stanley
Morgan Stanley
Buy
Initiates
$30
BuyInitiates$30+31.46%Jul 6, 2026
TD Cowen
TD Cowen
Hold
Reiterates
$20$25
HoldReiterates$20$25+9.55%Jun 22, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
21.81B
from 22.62B
Decreased by -3.59%
Revenue Next Year
21.63B
from 21.81B
Decreased by -0.83%
EPS This Year
2.24
from 2.32
Decreased by -3.50%
EPS Next Year
2.34
from 2.24
Increased by 4.69%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingJan 29, 2022Jan 28, 2023Feb 3, 2024Feb 1, 2025Jan 31, 2026Jan 31, 2027
Revenue
25.40B25.45B23.87B23.01B22.62B21.81B
Revenue Growth
40.35%0.20%-6.22%-3.60%-1.67%-3.59%
Gross Profit
10.44B10.10B9.64B9.27B9.12B8.51B
Gross Margin
41.12%39.70%40.40%40.28%40.33%39.03%
Operating Income
2.33B1.64B1.26B913.00M877.00M926.55M
Net Income
1.43B1.15B45.00M582.00M642.00M638.20M
EPS
----2.322.24
EPS Growth
-----12.12%-3.50%
Forward PE
6.036.506.467.059.2510.19
Dividend / Share
0.300.630.660.690.730.74
Dividend Growth
-20.53%110.00%4.76%4.55%5.80%0.85%
Free Cash Flow
1.54B45.75M250.00M425.75M433.50M745.00M
No. Analysts
-----9
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202720282029
High22.8B
Avg21.8B
Low21.6B

Revenue Growth

Revenue Growth202720282029
High
0.6%
Avg
-3.6%
Low
-4.7%

EPS Forecast

EPS202720282029
High2.35
Avg2.24
Low2.05

EPS Growth

EPS Growth202720282029
High
1.4%
Avg
-3.5%
Low
-11.6%