Macy's (M) Stock Forecast & Price Target

$15.44

-2.29 (-12.91%)

(As of 08/21/2024 ET)

Macy's - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 10 Analyst Ratings

Based on 10 Wall Street analysts who have issued ratings for Macy's in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 2 have given a sell rating, 6 have given a hold rating, and 2 have given a buy rating for M.

Consensus Price Target

$18.10
17.19% Upside

High Forecast	$27.00
Average Forecast	$18.10
Low Forecast	$10.00

According to the 10 analysts' twelve-month price targets for Macy's, the average price target is $18.10. The highest price target for M is $27.00, while the lowest price target for M is $10.00. The average price target represents a forecasted upside of 17.19% from the current price of $15.45.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	6 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$18.10	$18.10	$17.73	$17.75
Forecasted Upside	17.19% Upside	6.95% Upside	7.11% Upside	14.29% Upside

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M Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

M Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Macy's Stock vs. The Competition

Type	Macy's	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.00	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	17.19% Upside	384.74% Upside	8.74% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
8/21/2024	Telsey Advisory Group 2 of 5 stars	Reiterated Rating	Market Perform ➝ Market Perform	$21.00 ➝ $21.00	+36.10%
7/16/2024	Evercore ISI 2 of 5 stars	Lower Target	In-Line ➝ In-Line	$22.00 ➝ $17.00	+0.71%
5/22/2024	TD Cowen 4 of 5 stars	Boost Target	Hold ➝ Hold	$20.00 ➝ $21.00	+3.35%
5/22/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$25.00 ➝ $27.00	+32.29%
2/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $20.00	+6.04%
2/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$16.00 ➝ $22.00	+15.30%
Get the Latest News and Ratings for M and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Macy's and its competitors with MarketBeat's FREE daily newsletter.
2/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$14.00 ➝ $18.00	-2.39%
9/27/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$13.00	+20.04%
8/23/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sell ➝ Sell	$12.00 ➝ $10.00	-20.98%
8/23/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$13.00 ➝ $12.00	-5.18%
6/2/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$20.00 ➝ $18.00	+30.91%
3/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Underperform	$19.00 ➝ $20.00	-11.89%
11/9/2022	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Mixed ➝ Positive
9/15/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$30.00 ➝ $23.00	+38.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:50 AM ET.

M Forecast - Frequently Asked Questions

What is Macy's' forecast for 2024?: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Macy's is $18.10, with a high forecast of $27.00 and a low forecast of $10.00.
Should I buy or sell Macy's stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Macy's in the last year. There are currently 2 sell ratings, 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" M shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in M, but not buy additional shares or sell existing shares.
Does Macy's's stock price have much upside?: According to analysts, Macy's's stock has a predicted upside of 9.33% based on their 12-month stock forecasts.
What analysts cover Macy's?: Macy's has been rated by research analysts at Evercore ISI, and Telsey Advisory Group in the past 90 days.
Do Wall Street analysts like Macy's more than its competitors?: Analysts like Macy's less than other "retail/wholesale" companies. The consensus rating score for Macy's is 2.00 while the average consensus rating score for "retail/wholesale" companies is 2.46. Learn more on how M compares to other companies.