Banco Macro (BMA) Stock Forecast, Price Target & Predictions
BMA Stock Forecast
Banco Macro stock forecast is as follows: an average price target of $78.00 (represents a 15.11% upside from BMA’s last price of $67.76) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
BMA Price Target
The average price target for Banco Macro (BMA) is $78.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $78.00 to $78.00. This represents a potential 15.11% upside from BMA's last price of $67.76.
BMA Analyst Ratings
According to 2 Wall Street analysts, Banco Macro's rating consensus is 'Hold'. The analyst rating breakdown for BMA stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Banco Macro Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 30, 2024 | Yuri Fernandes | Banco Santander | $78.00 | $58.77 | 32.72% | 15.11% |
| Aug 08, 2024 | Mario Pierry | Banco Santander | $62.00 | $47.23 | 31.27% | -8.50% |
The latest Banco Macro stock forecast, released on Aug 30, 2024 by Yuri Fernandes from Banco Santander, set a price target of $78.00, which represents a 32.72% increase from the stock price at the time of the forecast ($58.77), and a 15.11% increase from BMA last price ($67.76).
Banco Macro Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 2 |
| Avg Price Target | $78.00 | $70.00 | $70.00 |
| Last Closing Price | $67.76 | $67.76 | $67.76 |
| Upside/Downside | 15.11% | 3.31% | 3.31% |
In the current month, the average price target of Banco Macro stock is $78.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 15.11% increase as opposed to Banco Macro's last price of $67.76. This month's average price target is up 11.43% compared to last quarter, and up 11.43% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2024 | Bank of America Securities | - | Neutral | Upgrade |
| Jun 07, 2024 | Citigroup | - | Neutral | Downgrade |
Banco Macro's last stock rating was published by Bank of America Securities on Aug 08, 2024. The company Upgrade its BMA rating from "null" to "Neutral".
Banco Macro Financial Forecast
Banco Macro Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $171.05B | $179.73B | $118.92B | $78.97B | $64.92B | $133.68B | $41.47B | $38.32B | $35.88B | $45.82B | $20.16B | $23.54B | $24.12B | $36.76B | $22.48B | $19.62B | $21.26B | $13.64B | $11.32B | $11.29B |
| Avg Forecast | $2.94T | $2.58T | $2.26T | $1.98T | $1.74T | $719.89M | $1.34T | $232.72M | $1.85T | $352.97M | $248.90M | $327.98M | $287.03M | $306.06M | $281.74M | $292.49M | $266.78M | $238.44M | $307.97M | $293.74M | $328.76M | $373.92M | $465.31M | $426.36M | $365.08M | $476.49M | $372.97M | $16.41B | $13.78B | $10.32B |
| High Forecast | $2.94T | $2.58T | $2.26T | $1.98T | $1.74T | $726.39M | $1.34T | $279.26M | $1.85T | $423.57M | $298.68M | $327.98M | $287.03M | $306.06M | $338.09M | $350.98M | $320.13M | $286.13M | $369.57M | $352.49M | $394.51M | $448.70M | $558.37M | $511.63M | $438.10M | $571.79M | $447.57M | $19.69B | $16.53B | $12.38B |
| Low Forecast | $2.94T | $2.58T | $2.26T | $1.98T | $1.74T | $713.39M | $1.34T | $186.17M | $1.85T | $282.38M | $199.12M | $327.98M | $287.03M | $306.06M | $225.39M | $233.99M | $213.42M | $190.75M | $246.38M | $234.99M | $263.01M | $299.14M | $372.25M | $341.09M | $292.06M | $381.20M | $298.38M | $13.13B | $11.02B | $8.25B |
| # Analysts | - | - | - | - | 1 | 2 | 1 | 12 | 11 | 14 | 15 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 7 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 10 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 687.25% | 548.01% | 414.29% | 258.02% | 230.43% | 457.04% | 155.45% | 160.70% | 116.50% | 155.97% | 61.34% | 62.96% | 51.85% | 86.23% | 61.59% | 41.17% | 57.00% | 0.83% | 0.82% | 1.09% |
Banco Macro's average Quarter revenue forecast for Jun 23 based on 14 analysts is $352.97M, with a low forecast of $282.38M, and a high forecast of $423.57M. BMA's average Quarter revenue forecast represents a -99.79% decrease compared to the company's last Quarter revenue of $171.05B (Mar 23).
Banco Macro EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 12 | 11 | 14 | 15 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 7 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 10 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $151.18B | $332.79B | $93.61B | $51.87B | $36.73B | $41.06B | $29.76B | $26.30B | $27.10B | $33.81B | $26.06B | $19.22B | $21.82B | $26.98B | $27.13B | $23.66B | $22.26B | $12.22B | $9.08B | $8.73B |
| Avg Forecast | $41.69B | $36.55B | $32.05B | $28.10B | $24.63B | $10.20M | $18.93B | $3.30M | $25.84B | $5.00M | $3.53M | $4.65M | $4.07M | $4.34M | $121.24M | $125.87M | $114.80M | $102.61M | $132.53M | $126.41M | $141.48M | $160.91M | $200.24M | $183.48M | $157.11M | $205.05M | $160.50M | $14.70B | $11.06B | $7.97B |
| High Forecast | $41.69B | $36.55B | $32.05B | $28.10B | $24.63B | $10.30M | $18.93B | $3.96M | $31.01B | $6.00M | $4.23M | $4.65M | $4.07M | $4.34M | $145.49M | $151.04M | $137.76M | $123.13M | $159.04M | $151.69M | $169.77M | $193.09M | $240.28M | $220.17M | $188.53M | $246.06M | $192.60M | $17.64B | $13.27B | $9.57B |
| Low Forecast | $41.69B | $36.55B | $32.05B | $28.10B | $24.63B | $10.11M | $18.93B | $2.64M | $20.67B | $4.00M | $2.82M | $4.65M | $4.07M | $4.34M | $96.99M | $100.69M | $91.84M | $82.09M | $106.02M | $101.12M | $113.18M | $128.73M | $160.19M | $146.78M | $125.68M | $164.04M | $128.40M | $11.76B | $8.85B | $6.38B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 42853.79% | 71587.77% | 23008.58% | 11956.81% | 302.90% | 326.25% | 259.21% | 256.28% | 204.48% | 267.46% | 184.22% | 119.42% | 108.96% | 147.07% | 172.67% | 115.37% | 138.71% | 0.83% | 0.82% | 1.09% |
14 analysts predict BMA's average Quarter EBITDA for Jun 23 to be $5.00M, with a high of $6.00M and a low of $4.00M. This is -100.00% lower than Banco Macro's previous annual EBITDA (Mar 23) of $151.18B.
Banco Macro Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 12 | 11 | 14 | 15 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 7 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 10 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $9.76B | $18.23B | $8.86B | $4.15B | $6.02B | $16.61B | $7.35B | $4.62B | $2.19B | $4.35B | $6.08B | $6.40B | $7.07B | $6.96B | $13.16B | $7.03B | $7.34B | $3.83B | $3.12B | $3.54B |
| Avg Forecast | $1.73B | $1.57B | $2.03B | $1.98B | $2.99B | $1.71B | $1.02B | $2.64B | $8.99B | $5.94B | $2.82B | $905.04M | $11.20B | $478.85M | $3.02B | $10.28B | $53.64B | $5.77B | $38.86B | $55.63B | $67.37B | $92.80B | $134.69B | $5.73B | $11.98B | $5.62B | $3.74B | $4.61B | $3.79B | $3.24B |
| High Forecast | $1.73B | $1.57B | $2.03B | $1.98B | $2.99B | $1.83B | $2.96B | $3.17B | $10.78B | $7.12B | $3.39B | $905.04M | $13.44B | $478.85M | $3.62B | $12.33B | $67.59B | $6.93B | $48.96B | $70.09B | $84.88B | $116.93B | $169.71B | $6.87B | $14.38B | $6.74B | $4.49B | $5.53B | $4.55B | $3.88B |
| Low Forecast | $1.73B | $1.57B | $2.03B | $1.98B | $2.99B | $1.59B | $-920.37M | $2.11B | $7.19B | $4.75B | $2.26B | $905.04M | $8.96B | $478.85M | $2.42B | $8.22B | $39.70B | $4.62B | $28.75B | $41.16B | $49.85B | $68.67B | $99.67B | $4.58B | $9.59B | $4.50B | $3.00B | $3.69B | $3.03B | $2.59B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 3.46% | 20.14% | 0.79% | 8.66% | 1.99% | 1.62% | 0.14% | 0.80% | 0.06% | 0.08% | 0.09% | 0.07% | 0.05% | 1.21% | 1.10% | 1.25% | 1.96% | 0.83% | 0.82% | 1.09% |
Banco Macro's average Quarter net income forecast for Jun 23 is $5.94B, with a range of $4.75B to $7.12B. BMA's average Quarter net income forecast represents a -39.20% decrease compared to the company's last Quarter net income of $9.76B (Mar 23).
Banco Macro SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 12 | 11 | 14 | 15 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 7 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 10 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $32.71B | $38.33B | $23.71B | $19.85B | $14.28B | $27.06B | $13.09B | $10.51B | $10.40B | $14.08B | $9.39B | $8.43B | $6.97B | $9.92B | $6.55B | $6.48B | $4.91B | $4.38B | $3.85B | $3.27B |
| Avg Forecast | $822.59B | $721.19B | $632.29B | $554.35B | $486.01B | $201.31M | $373.58B | $65.08M | $12.51B | $98.71M | $69.60M | $91.72M | $80.27M | $85.59M | $60.68M | $62.99M | $57.45M | $51.35M | $66.32M | $63.26M | $70.80M | $80.53M | $100.21M | $91.82M | $78.62M | $102.62M | $80.32M | $5.27B | $4.69B | $2.99B |
| High Forecast | $822.59B | $721.19B | $632.29B | $554.35B | $486.01B | $203.13M | $373.58B | $78.09M | $15.01B | $118.45M | $83.52M | $91.72M | $80.27M | $85.59M | $72.81M | $75.59M | $68.94M | $61.62M | $79.59M | $75.91M | $84.96M | $96.63M | $120.25M | $110.18M | $94.35M | $123.14M | $96.39M | $6.32B | $5.62B | $3.58B |
| Low Forecast | $822.59B | $721.19B | $632.29B | $554.35B | $486.01B | $199.49M | $373.58B | $52.06M | $10.01B | $78.96M | $55.68M | $91.72M | $80.27M | $85.59M | $48.54M | $50.39M | $45.96M | $41.08M | $53.06M | $50.61M | $56.64M | $64.42M | $80.17M | $73.46M | $62.90M | $82.09M | $64.26M | $4.22B | $3.75B | $2.39B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 470.02% | 417.88% | 295.41% | 231.97% | 235.38% | 429.60% | 227.77% | 204.72% | 156.77% | 222.56% | 132.64% | 104.74% | 69.53% | 107.99% | 83.34% | 63.10% | 61.18% | 0.83% | 0.82% | 1.09% |
Banco Macro's average Quarter SG&A projection for Jun 23 is $98.71M, based on 14 Wall Street analysts, with a range of $78.96M to $118.45M. The forecast indicates a -99.70% fall compared to BMA last annual SG&A of $32.71B (Mar 23).
Banco Macro EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | 1 | 2 | 1 | 12 | 11 | 14 | 15 | 13 | 13 | 6 | 6 | 7 | 7 | 7 | 7 | 10 | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 10 | 10 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | $152.69 | $-177.74 | $138.64 | $79.10 | $134.50 | $260.00 | $115.02 | $72.21 | $34.21 | $68.02 | $95.02 | $100.02 | $110.70 | $108.90 | $205.79 | $109.98 | $114.84 | $57.81 | $46.53 | $52.90 |
| Avg Forecast | $2.71 | $2.46 | $3.18 | $3.10 | $4.67 | $2.68 | $1.59 | $2.13 | $2.02 | $2.46 | $0.76 | $1.42 | $0.69 | $0.75 | $0.79 | $1.18 | $1.04 | $0.87 | $0.75 | $1.08 | $1.30 | $1.80 | $2.61 | $2.43 | $2.14 | $2.22 | $2.07 | $2.13 | $2.80 | $2.22 |
| High Forecast | $2.71 | $2.46 | $3.18 | $3.10 | $4.67 | $2.86 | $4.63 | $2.13 | $3.22 | $2.46 | $0.76 | $1.42 | $0.69 | $0.75 | $1.00 | $1.48 | $1.31 | $1.10 | $0.95 | $1.36 | $1.64 | $2.26 | $3.28 | $3.07 | $2.69 | $2.80 | $2.61 | $2.56 | $3.36 | $2.66 |
| Low Forecast | $2.71 | $2.46 | $3.18 | $3.10 | $4.67 | $2.49 | $-1.44 | $2.13 | $0.82 | $2.46 | $0.76 | $1.42 | $0.69 | $0.75 | $0.58 | $0.87 | $0.77 | $0.65 | $0.56 | $0.80 | $0.96 | $1.33 | $1.93 | $1.80 | $1.58 | $1.64 | $1.54 | $1.70 | $2.24 | $1.78 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 199.81% | -125.49% | 199.73% | 105.56% | 170.28% | 220.99% | 110.83% | 82.54% | 45.51% | 63.21% | 72.91% | 55.71% | 42.48% | 44.74% | 96.22% | 49.56% | 55.36% | 27.14% | 16.62% | 23.83% |
According to 14 Wall Street analysts, Banco Macro's projected average Quarter EPS for Jun 23 is $2.46, with a low estimate of $2.46 and a high estimate of $2.46. This represents a -98.39% decrease compared to BMA previous annual EPS of $152.69 (Mar 23).
Banco Macro Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BSBR | Banco Santander (Brasil) | $5.60 | $7.20 | 28.57% | Buy |
| BMA | Banco Macro | $67.76 | $78.00 | 15.11% | Hold |
| BBD | Banco Bradesco | $2.80 | $3.20 | 14.29% | Buy |
| GGAL | Grupo Financiero Galicia | $45.06 | $45.00 | -0.13% | Buy |
| ITUB | Itaú Unibanco | $6.67 | $6.50 | -2.55% | Buy |
| LYG | Lloyds Banking Group | $3.05 | $2.75 | -9.84% | Buy |
| SUPV | Grupo Supervielle | $8.28 | $7.00 | -15.46% | Hold |
BMA Forecast FAQ
Is Banco Macro a good buy?
No, according to 2 Wall Street analysts, Banco Macro (BMA) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of BMA's total ratings.
What is BMA's price target?
Banco Macro (BMA) average price target is $78 with a range of $78 to $78, implying a 15.11% from its last price of $67.76. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Banco Macro stock go up soon?
According to Wall Street analysts' prediction for BMA stock, the company can go up by 15.11% (from the last price of $67.76 to the average price target of $78), up by 15.11% based on the highest stock price target, and up by 15.11% based on the lowest stock price target.
Can Banco Macro stock reach $100?
BMA's average twelve months analyst stock price target of $78 does not support the claim that Banco Macro can reach $100 in the near future.
What is Banco Macro's current price target trend?
1 Wall Street analyst forecast a $78 price target for Banco Macro (BMA) this month, up 15.11% from its last price of $67.76. Compared to the last 3 and 12 months, the average price target increased by 3.31% and increased by 3.31%, respectively.
What are Banco Macro's analysts' financial forecasts?
Banco Macro's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.07T (high $3.07T, low $3.07T), average EBITDA is $43.58B (high $43.58B, low $43.58B), average net income is $8.36B (high $10.94B, low $5.77B), average SG&A $859.85B (high $859.87B, low $859.84B), and average EPS is $11.08 (high $14.29, low $7.85). BMA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $9.76T (high $9.76T, low $9.76T), average EBITDA is $138.39B (high $138.39B, low $138.39B), average net income is $7.32B (high $7.32B, low $7.32B), average SG&A $2.73T (high $2.73T, low $2.73T), and average EPS is $11.45 (high $11.45, low $11.45).
Did the BMA's actual financial results beat the analysts' financial forecasts?
Based on Banco Macro's last annual report (Dec 2022), the company's revenue was $484.36B, beating the average analysts forecast of $1.2B by 40169.15%. Apple's EBITDA was $514.99B, beating the average prediction of $134.3M by 383368.87%. The company's net income was $40.77B, beating the average estimation of $15.61B by 161.24%. Apple's SG&A was $106.49B, beating the average forecast of $318.24M by 33361.98%. Lastly, the company's EPS was $120.27, beating the average prediction of $3.65 by 3195.32%. In terms of the last quarterly report (Mar 2023), Banco Macro's revenue was $171.05B, beating the average analysts' forecast of $248.9M by 68624.81%. The company's EBITDA was $151.18B, beating the average prediction of $3.53M by 4285278.59%. Banco Macro's net income was $9.76B, beating the average estimation of $2.82B by 245.69%. The company's SG&A was $32.71B, beating the average forecast of $69.6M by 46901.58%. Lastly, the company's EPS was $152.69, beating the average prediction of $0.764 by 19880.89%