McDonald's Corporation (MCD)

McDonald's Stock Forecast

Stock Price Forecast

The 25 analysts with 12-month price forecasts for McDonald's stock have an average target of 319.64, with a low estimate of 265 and a high estimate of 360. The average target predicts an increase of 8.72% from the current stock price of 294.00.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$265	$319.64	$325	$360
Change	-9.86%	+8.72%	+10.54%	+22.45%

Analyst Ratings

The average analyst rating for McDonald's stock from 29 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	May '24	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24
Strong Buy	10	10	10	10	9	8
Buy	11	11	11	11	10	10
Hold	8	9	9	9	10	11
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	29	30	30	30	29	29

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sara Senatore B of A Securities	B of A Securities	Hold Maintains $321 → $324	Hold	Maintains	$321 → $324	+10.20%	Oct 30, 2024
Jake Bartlett Truist Securities	Truist Securities	Strong Buy Maintains $350 → $342	Strong Buy	Maintains	$350 → $342	+16.33%	Oct 30, 2024
Andrew Strelzik BMO Capital	BMO Capital	Buy Maintains $315 → $335	Buy	Maintains	$315 → $335	+13.95%	Oct 30, 2024
Andrew Charles TD Cowen	TD Cowen	Hold Reiterates $300	Hold	Reiterates	$300	+2.04%	Oct 29, 2024
Gregory Francfort Guggenheim	Guggenheim	Strong Buy → Hold Downgrades $285	Strong Buy → Hold	Downgrades	$285	-3.06%	Oct 23, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

26.32B

Increased by 3.25%

from 25.49B

Revenue Next Year

27.31B

Increased by 3.75%

from 26.32B

EPS This Year

11.94

Increased by 3.25%

from 11.56

EPS Next Year

12.77

Increased by 6.96%

from 11.94

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	21.36B	19.21B	23.22B	23.18B	25.49B	26.32B	27.31B	28.80B
Revenue Growth	0.50%	-10.09%	20.90%	-0.17%	9.97%	3.25%	3.75%	5.46%
EPS	7.88	6.31	10.04	8.33	11.56	11.94	12.77	13.80
EPS Growth	4.51%	-19.92%	59.11%	-17.03%	38.78%	3.25%	6.96%	8.08%
Forward PE	-	-	-	-	-	24.63	23.03	21.31
No. Analysts	-	-	-	-	-	39	39	21

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	27.7B	29.3B	30.9B
Avg	26.3B	27.3B	28.8B
Low	25.4B	25.6B	26.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	8.7%	11.3%	13.0%
Avg	3.3%	3.7%	5.5%
Low	-0.5%	-2.8%	-1.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	12.76	13.91	14.70
Avg	11.94	12.77	13.80
Low	11.37	12.00	12.89

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	10.4%	16.6%	15.1%
Avg	3.3%	7.0%	8.1%
Low	-1.7%	0.6%	0.9%

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.