Macy's, Inc. (M)
NYSE: M · Real-Time Price · USD
24.10
-0.07 (-0.29%)
At close: Oct 23, 2026, 4:00 PM EDT
24.14
+0.04 (0.18%)
After-hours: Oct 23, 2026, 7:56 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 $23.18. The average 1-year stock price forecast is 3.82% lower than the current stock price, while the lowest is $10 (-58.51%) and the highest is $30 (+24.48%).

Price Target: $23.18 (-3.82%)
Analyst Consensus: Hold

Price Target

Chart
TargetLowAverageMedianHigh
Price$10$23.18$24$30
Change-58.51%-3.82%-0.41%+24.48%

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
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy111111
Buy101111
Hold91010101010
Sell000000
Strong Sell111111
Total121213131313

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Morgan Stanley
Morgan Stanley
Buy
Reiterates
$30
BuyReiterates$30+24.48%Oct 5, 2026
UBS
UBS
Sell
Maintains
$10
SellMaintains$10-58.51%Sep 21, 2026
Goldman Sachs
Goldman Sachs
Hold
Maintains
$22
HoldMaintains$22-8.71%Sep 16, 2026
TD Cowen
TD Cowen
Hold
Maintains
$25
HoldMaintains$25+3.73%Sep 15, 2026
Evercore ISI
Evercore ISI
Hold
Maintains
$22
HoldMaintains$22-8.71%Sep 11, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
21.89B
from 22.62B
Decreased by -3.25%
Revenue Next Year
21.73B
from 21.89B
Decreased by -0.71%
EPS This Year
2.32
from 2.32
Decreased by -0.16%
EPS Next Year
2.38
from 2.32
Increased by 2.85%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingJan 29, 2022Jan 28, 2023Feb 3, 2024Feb 1, 2025Jan 31, 2026Jan 31, 2027
Revenue
25.40B25.45B23.87B23.01B22.62B21.89B
Revenue Growth
40.35%0.20%-6.22%-3.60%-1.67%-3.25%
Gross Profit
10.44B10.10B9.64B9.27B9.12B8.50B
Gross Margin
41.12%39.70%40.40%40.28%40.33%38.86%
Operating Income
2.33B1.64B1.26B913.00M877.00M923.89M
Net Income
1.43B1.15B45.00M582.00M642.00M645.24M
EPS
----2.322.32
EPS Growth
-----12.12%-0.16%
Forward PE
6.036.506.467.059.2510.40
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
----690.00M744.00M
No. Analysts
-----9
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
-3.3%
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%