McDonald's Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for McDonald's stock have an average target of 316.29, with a low estimate of 287 and a high estimate of 355. The average target predicts an increase of 15.64% from the current stock price of 273.51.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$287	$316.29	$317	$355
Change	+4.93%	+15.64%	+15.90%	+29.79%

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	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24	May '24
Strong Buy	10	10	9	9	10	10
Buy	14	13	13	13	11	11
Hold	3	4	5	6	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	27	27	27	28	28	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gregory Francfort Guggenheim	Guggenheim	Strong Buy Maintains $325 → $315	Strong Buy	Maintains	$325 → $315	+15.17%	May 2, 2024
Jake Bartlett Truist Securities	Truist Securities	Strong Buy Maintains $337 → $320	Strong Buy	Maintains	$337 → $320	+17.00%	May 2, 2024
John Ivankoe JP Morgan	JP Morgan	Buy Maintains $300 → $290	Buy	Maintains	$300 → $290	+6.03%	May 1, 2024
Eric Gonzalez Keybanc	Keybanc	Buy Maintains $315 → $310	Buy	Maintains	$315 → $310	+13.34%	May 1, 2024
Andrew Strelzik BMO Capital	BMO Capital	Buy Maintains $335 → $330	Buy	Maintains	$335 → $330	+20.65%	May 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

27.15B

from 25.49B

6.50%

from 25.49B

Revenue Next Year

28.79B

from 27.15B

6.02%

from 27.15B

EPS This Year

12.55

from 11.56

8.57%

from 11.56

EPS Next Year

13.69

from 12.55

9.05%

from 12.55

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	21.36B	19.21B	23.22B	23.18B	25.49B	27.15B	28.79B	30.65B	32.92B	34.65B
Revenue Growth	0.50%	-10.09%	20.90%	-0.17%	9.97%	6.50%	6.02%	6.47%	7.41%	5.27%
EPS	7.88	6.31	10.04	8.33	11.56	12.55	13.69	14.95	16.76	18.88
EPS Growth	4.51%	-19.92%	59.11%	-17.03%	38.78%	8.57%	9.05%	9.24%	12.09%	12.67%
No. Analysts	-	-	-	-	-	37	37	15	4	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	28.8B	30.8B	32.7B	34.8B	36.6B
Avg	27.2B	28.8B	30.6B	32.9B	34.7B
Low	25.4B	26.7B	29.1B	31.3B	33.1B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	12.9%	13.4%	13.5%	13.5%	11.1%
Avg	6.5%	6.0%	6.5%	7.4%	5.3%
Low	-0.5%	-1.6%	1.0%	2.0%	0.6%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	13.44	14.91	16.32	18.28	20.56
Avg	12.55	13.69	14.95	16.76	18.88
Low	11.82	12.85	14.00	15.74	17.45

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	16.3%	18.8%	19.2%	22.3%	22.7%
Avg	8.6%	9.1%	9.2%	12.1%	12.7%
Low	2.2%	2.4%	2.3%	5.3%	4.1%

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.