Banco Macro (BMA) Stock Forecast, Price Target & Predictions


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BMA Stock Forecast


Banco Macro stock forecast is as follows: an average price target of $78.00 (represents a -4.34% downside from BMA’s last price of $81.54) 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 -4.34% downside from BMA's last price of $81.54.

BMA Analyst Ratings


Hold

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 30, 2024Yuri FernandesBanco Santander$78.00$58.7732.72%-4.34%
Aug 08, 2024Mario PierryBanco Santander$62.00$47.2331.27%-23.96%
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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 -4.34% decrease from BMA last price ($81.54).

Banco Macro Price Target by Period


1M3M12M
# Anlaysts-12
Avg Price Target-$78.00$70.00
Last Closing Price$81.54$81.54$81.54
Upside/Downside-100.00%-4.34%-14.15%

In the current month, the average price target of Banco Macro stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Banco Macro's last price of $81.54. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 08, 2024Bank of America Securities-NeutralUpgrade
Jun 07, 2024Citigroup-NeutralDowngrade
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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 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14
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$11.29B$6.31B$4.44B$3.67B$3.22B
Avg Forecast$651.12B$617.76B$586.12B$556.09B$754.41M$713.39M$474.94B$232.72M$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$10.32B$6.50B$4.54B$2.76B$2.55B
High Forecast$651.12B$617.76B$586.12B$556.09B$754.41M$719.83M$474.94B$279.26M$298.68M$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$12.38B$7.80B$5.45B$3.31B$3.06B
Low Forecast$651.12B$617.76B$586.12B$556.09B$754.41M$706.95M$474.94B$186.17M$199.12M$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$8.25B$5.20B$3.64B$2.20B$2.04B
# Analysts1111121121513131313777799765555131013149
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%1.09%0.97%0.98%1.33%1.26%

Banco Macro's average Quarter revenue forecast for Mar 24 based on 12 analysts is $232.72M, with a low forecast of $186.17M, and a high forecast of $279.26M. BMA's average Quarter revenue forecast represents a -99.86% decrease compared to the company's last Quarter revenue of $171.05B (Mar 23).

Banco Macro EBITDA Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14
# Analysts1111121121513131313777799765555131013149
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$8.73B$6.05B$5.41B$3.73B$3.39B
Avg Forecast$134.06B$127.19B$120.68B$114.49B$155.32M$146.88M$97.78B$47.91M$51.25M$67.53M$4.07M$4.34M$3.99M$4.15M$3.78M$3.38M$4.37M$4.16M$4.66M$5.30M$6.60M$6.04M$5.17M$6.75M$5.29M$7.97B$6.23B$64.41M$39.05M$36.16M
High Forecast$134.06B$127.19B$120.68B$114.49B$155.32M$148.20M$97.78B$57.50M$61.49M$67.53M$4.07M$4.34M$3.99M$4.15M$3.78M$3.38M$4.37M$4.16M$4.66M$5.30M$6.60M$6.04M$5.17M$6.75M$5.29M$9.57B$7.47B$77.29M$46.86M$43.39M
Low Forecast$134.06B$127.19B$120.68B$114.49B$155.32M$145.55M$97.78B$38.33M$41.00M$67.53M$4.07M$4.34M$3.99M$4.15M$3.78M$3.38M$4.37M$4.16M$4.66M$5.30M$6.60M$6.04M$5.17M$6.75M$5.29M$6.38B$4.98B$51.53M$31.24M$28.93M
Surprise %--------2950.16%4928.27%23008.58%11956.81%9196.46%9905.40%7869.95%7780.76%6208.26%8120.33%5593.06%3625.81%3308.24%4465.14%5242.56%3502.76%4211.31%1.09%0.97%84.06%95.62%93.78%

12 analysts predict BMA's average Quarter EBITDA for Mar 24 to be $47.91M, with a high of $57.50M and a low of $38.33M. This is -99.97% lower than Banco Macro's previous annual EBITDA (Mar 23) of $151.18B.

Banco Macro Net Income Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14
# Analysts1111121121513131313777799765555131013149
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$3.54B$1.76B$1.41B$1.11B$1.19B
Avg Forecast$1.73B$1.57B$1.50B$1.37B$1.75B$1.63B$1.02B$2.64B$2.82B$9.61B$443.55M$478.85M$3.02B$751.80M$663.14M$5.77B$480.34M$687.68M$832.80M$1.15B$1.66B$1.56B$1.37B$1.42B$3.74B$3.24B$1.82B$1.44B$837.27M$939.18M
High Forecast$1.73B$1.57B$1.50B$1.37B$1.75B$2.08B$1.05B$3.17B$3.39B$11.53B$443.55M$478.85M$3.62B$751.80M$663.14M$6.93B$480.34M$687.68M$832.80M$1.15B$1.66B$1.56B$1.37B$1.42B$4.49B$3.88B$2.18B$1.73B$1.00B$1.13B
Low Forecast$1.73B$1.57B$1.50B$1.37B$1.75B$1.18B$985.66M$2.11B$2.26B$7.69B$443.55M$478.85M$2.42B$751.80M$663.14M$4.62B$480.34M$687.68M$832.80M$1.15B$1.66B$1.56B$1.37B$1.42B$3.00B$2.59B$1.45B$1.15B$669.82M$751.35M
Surprise %--------3.46%1.90%19.99%8.66%1.99%22.10%11.09%0.80%4.55%6.32%7.30%5.57%4.25%4.47%9.63%4.96%1.96%1.09%0.97%0.98%1.33%1.26%

Banco Macro's average Quarter net income forecast for Mar 24 is $2.64B, with a range of $2.11B to $3.17B. BMA's average Quarter net income forecast represents a -72.95% decrease compared to the company's last Quarter net income of $9.76B (Mar 23).

Banco Macro SG&A Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14
# Analysts1111121121513131313777799765555131013149
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$3.27B$2.20B$1.54B$1.16B$877.29M
Avg Forecast$180.95B$171.68B$162.89B$154.54B$209.66M$198.26M$131.99B$64.67M$69.17M$91.15M$80.27M$85.59M$78.79M$81.79M$74.60M$66.68M$86.12M$82.14M$91.94M$104.56M$130.12M$119.23M$102.09M$133.25M$104.30M$2.99B$2.27B$1.58B$868.93M$694.52M
High Forecast$180.95B$171.68B$162.89B$154.54B$209.66M$200.05M$131.99B$77.61M$83.00M$91.15M$80.27M$85.59M$78.79M$81.79M$74.60M$66.68M$86.12M$82.14M$91.94M$104.56M$130.12M$119.23M$102.09M$133.25M$104.30M$3.58B$2.72B$1.89B$1.04B$833.42M
Low Forecast$180.95B$171.68B$162.89B$154.54B$209.66M$196.47M$131.99B$51.74M$55.34M$91.15M$80.27M$85.59M$78.79M$81.79M$74.60M$66.68M$86.12M$82.14M$91.94M$104.56M$130.12M$119.23M$102.09M$133.25M$104.30M$2.39B$1.82B$1.26B$695.14M$555.62M
Surprise %--------472.95%420.49%295.41%231.97%181.27%330.84%175.41%157.66%120.73%171.40%102.15%80.66%53.54%83.17%64.18%48.59%47.11%1.09%0.97%0.98%1.33%1.26%

Banco Macro's average Quarter SG&A projection for Mar 24 is $64.67M, based on 12 Wall Street analysts, with a range of $51.74M to $77.61M. The forecast indicates a -99.80% fall compared to BMA last annual SG&A of $32.71B (Mar 23).

Banco Macro EPS Forecast

Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19Jun 19Mar 19Mar 18Mar 17Mar 16Mar 15Mar 14
# Analysts1111121121513131313777799765555131013149
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$52.90$30.18$24.08$19.06$19.95
Avg Forecast$2.71$2.46$2.35$2.14$2.74$2.55$1.59$2.13$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$2.22$2.08$1.75$1.30$1.33
High Forecast$2.71$2.46$2.35$2.14$2.74$3.26$1.65$2.13$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$2.66$2.50$2.10$1.56$1.60
Low Forecast$2.71$2.46$2.35$2.14$2.74$1.85$1.54$2.13$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$1.78$1.66$1.40$1.04$1.06
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%23.83%14.51%13.76%14.66%15.00%

According to 12 Wall Street analysts, Banco Macro's projected average Quarter EPS for Mar 24 is $2.13, with a low estimate of $2.13 and a high estimate of $2.13. This represents a -98.61% decrease compared to BMA previous annual EPS of $152.69 (Mar 23).

Banco Macro Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BSBRBanco Santander (Brasil)$4.46$7.2061.43%Buy
BBDBanco Bradesco$2.41$3.2032.78%Buy
ITUBItaú Unibanco$5.96$6.509.06%Buy
LYGLloyds Banking Group$2.80$2.75-1.79%Hold
BMABanco Macro$81.80$78.00-4.65%Hold
GGALGrupo Financiero Galicia$57.66$45.00-21.96%Buy
SUPVGrupo Supervielle$11.42$7.00-38.70%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 -4.34% from its last price of $81.54. 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 down by -4.34% (from the last price of $81.54 to the average price target of $78), down by -4.34% based on the highest stock price target, and down by -4.34% based on the lowest stock price target.

Can Banco Macro stock reach $120?

BMA's average twelve months analyst stock price target of $78 does not support the claim that Banco Macro can reach $120 in the near future.

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 $476.64B (high $476.69B, low $476.58B), average EBITDA is $98.13B (high $98.14B, low $98.12B), average net income is $7.04B (high $8.06B, low $6.03B), average SG&A $132.46B (high $132.48B, low $132.45B), and average EPS is $9.02 (high $9.77, low $8.26). BMA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.41T (high $2.41T, low $2.41T), average EBITDA is $496.42B (high $496.42B, low $496.42B), average net income is $6.17B (high $6.17B, low $6.17B), average SG&A $670.06B (high $670.06B, low $670.06B), and average EPS is $9.66 (high $9.66, low $9.66).

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 $79.93M by 644230.76%. The company's net income was $40.77B, beating the average estimation of $13.55B by 200.83%. Apple's SG&A was $106.49B, beating the average forecast of $335.79M by 31613.73%. 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 $51.25M by 294915.51%. 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 $69.17M by 47194.68%. Lastly, the company's EPS was $152.69, beating the average prediction of $0.764 by 19880.89%