McDonald's Corporation (MCD)
NYSE: MCD · IEX Real-Time Price · USD
247.79
-2.20 (-0.88%)
At close: Jul 2, 2024, 4:00 PM
247.81
+0.02 (0.01%)
After-hours: Jul 2, 2024, 7:59 PM EDT
McDonald's Stock Forecast
Stock Price Forecast
The 24 analysts with 12-month price forecasts for McDonald's stock have an average target of 312.83, with a low estimate of 280 and a high estimate of 355. The average target predicts an increase of 26.25% from the current stock price of 247.79.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for McDonald's stock from 28 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 10 | 9 | 9 | 9 |
| Buy | 13 | 13 | 11 | 11 | 11 | 11 |
| Hold | 5 | 6 | 7 | 8 | 9 | 8 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 27 | 28 | 28 | 28 | 29 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Guggenheim | Guggenheim | Strong Buy Maintains $315 → $280 | Strong Buy | Maintains | $315 → $280 | +13.00% | Jul 2, 2024 |
| TD Cowen | TD Cowen | Strong Buy Reiterates $305 | Strong Buy | Reiterates | $305 | +23.09% | Jun 13, 2024 |
| Goldman Sachs | Goldman Sachs | Hold Initiates $288 | Hold | Initiates | $288 | +16.23% | Jun 13, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $290 → $300 | Buy | Maintains | $290 → $300 | +21.07% | Jun 3, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $302 → $288 | Hold | Maintains | $302 → $288 | +16.23% | May 28, 2024 |
Financial Forecast
Revenue This Year
26.88B
from 25.49B
Increased by 5.44%
Revenue Next Year
28.42B
from 26.88B
Increased by 5.71%
EPS This Year
12.32
from 11.56
Increased by 6.55%
EPS Next Year
13.41
from 12.32
Increased by 8.84%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.5B | 30.5B | 32.2B | 35.2B | 35.7B |
| Avg | 26.9B | 28.4B | 30.1B | 32.8B | 34.3B |
| Low | 25.4B | 26.6B | 28.6B | 31.1B | 33.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.8% | 13.3% | 13.2% | 17.2% | 8.9% |
| Avg | 5.4% | 5.7% | 5.8% | 9.0% | 4.6% |
| Low | -0.4% | -1.0% | 0.8% | 3.5% | 1.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.33 | 14.91 | 15.73 | 17.71 | 20.30 |
| Avg | 12.32 | 13.41 | 14.50 | 16.71 | 18.77 |
| Low | 11.68 | 12.63 | 13.52 | 16.00 | 17.47 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.4% | 21.1% | 17.3% | 22.1% | 21.5% |
| Avg | 6.5% | 8.8% | 8.2% | 15.2% | 12.3% |
| Low | 1.1% | 2.6% | 0.9% | 10.3% | 4.6% |
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.