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Macy's (M) Stock Forecast, Price Target & Predictions

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M Stock Forecast

Macy's stock forecast is as follows: an average price target of $17.00 (represents a 2.10% upside from M’s last price of $16.65) and a rating consensus of 'Hold', based on 16 wall street analysts offering a 1-year stock forecast.

M Price Target

The average price target for Macy's (M) is $17.00 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $17.00 to $17.00. This represents a potential 2.10% upside from M's last price of $16.65.

M Analyst Ratings

Hold

According to 16 Wall Street analysts, Macy's's rating consensus is 'Hold'. The analyst rating breakdown for M stock is 0 'Strong Buy' (0.00%), 6 'Buy' (37.50%), 9 'Hold' (56.25%), 1 'Sell' (6.25%), and 0 'Strong Sell' (0.00%).

Macy's Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 22, 2024Alex StratonMorgan Stanley$17.00$15.3510.75%2.10%
Aug 21, 2024Paul LejuezCitigroup$17.00$15.3011.11%2.10%
Jul 15, 2024Michael BinettiEvercore ISI$17.00$16.850.89%2.10%
May 22, 2024Brooke RoachGoldman Sachs$23.00$20.2313.72%38.14%
May 22, 2024Jay SoleUBS$10.00$20.48-51.17%-39.94%
May 21, 2024Zachary WarringCFRA$19.00$19.01-0.05%14.11%
May 06, 2024Alex StratonMorgan Stanley$19.00$19.52-2.66%14.11%
Nov 18, 2022Deutsche Bank$24.00$22.228.01%44.14%
Nov 17, 2022Chuck GromGordon Haskett Capital Corporation$28.00$22.2625.79%68.17%
Nov 17, 2022Dana TelseyTelsey Advisory$25.00$22.3711.76%50.15%
Sep 15, 2022Jefferies$23.00$16.5838.72%38.14%
Aug 24, 2022Evercore ISI$30.00$18.5561.73%80.18%
Aug 24, 2022Morgan Stanley$21.00$18.6912.36%26.13%
Aug 24, 2022Citigroup$21.00$19.318.75%26.13%
May 27, 2022Deutsche Bank$29.00$23.3024.44%74.17%
May 27, 2022Citigroup$23.00$23.30-1.27%38.14%
Feb 26, 2022Paul LejuezCitigroup$25.00$26.36-5.16%50.15%
Feb 16, 2022Gabriella CarboneDeutsche Bank$32.00$26.1122.56%92.19%
Jan 04, 2022Matthew BossJ.P. Morgan$33.00$27.9018.28%98.20%
Dec 10, 2021Oliver ChenCowen & Co.$45.00$26.3970.52%170.27%
Nov 19, 2021Lorraine HutchinsonBank of America Securities$25.00$34.27-27.05%50.15%

The latest Macy's stock forecast, released on Aug 22, 2024 by Alex Straton from Morgan Stanley, set a price target of $17.00, which represents a 10.75% increase from the stock price at the time of the forecast ($15.35), and a 2.10% increase from M last price ($16.65).

Macy's Price Target by Period

1M3M12M
# Anlaysts--7
Avg Price Target--$17.43
Last Closing Price$16.65$16.65$16.65
Upside/Downside-100.00%-100.00%4.68%

In the current month, the average price target of Macy's stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Macy's's last price of $16.65. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 24, 2024Cowen & Co.HoldHoldHold
Aug 22, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 21, 2024CitigroupNeutralNeutralHold
Aug 14, 2024Telsey AdvisoryMarket PerformMarket PerformHold
Jul 16, 2024Telsey AdvisoryMarket PerformMarket PerformHold
May 22, 2024Goldman SachsBuyBuyHold
May 22, 2024Telsey AdvisoryMarket PerformMarket PerformHold
May 22, 2024Cowen & Co.HoldHoldHold
May 22, 2024UBSSellSellHold
May 21, 2024CFRAHoldHoldHold
May 06, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Mar 28, 2024Telsey AdvisoryMarket PerformMarket PerformHold
Feb 29, 2024Cowen & Co.Market PerformDowngrade
Feb 28, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Feb 28, 2024Goldman SachsBuyBuyHold
Feb 28, 2024Telsey AdvisoryMarket PerformMarket PerformHold
Feb 02, 2024CitigroupUnderperformNeutralUpgrade
Feb 02, 2024NeedhamBuyBuyHold
Nov 17, 2023Telsey AdvisoryOverweightOverweightHold
Nov 17, 2023Telsey AdvisoryMarket PerformMarket PerformHold
Aug 23, 2023UBSSellSellHold
Aug 23, 2023CitigroupUnderperformUnderperformHold
Aug 23, 2023Telsey AdvisoryMarket PerformMarket PerformHold
Aug 23, 2023SusquehannaPositivePositiveHold
Aug 23, 2023Goldman SachsBuyBuyHold
Apr 03, 2023Goldman SachsNeutralDowngrade
Apr 03, 2023BernsteinMarket PerformUpgrade
Apr 03, 2023Raymond JamesMarket PerformUpgrade
Apr 03, 2023CitigroupNeutralUnderperformDowngrade
Apr 03, 2023Maxim GroupHoldDowngrade
Nov 18, 2022Deutsche BankHoldHoldHold
Nov 18, 2022CitigroupNeutralNeutralHold
Nov 17, 2022Telsey AdvisoryMarket PerformMarket PerformHold
Nov 09, 2022OTR GlobalPositiveUpgrade
Aug 24, 2022Evercore ISIOutperformOutperformHold
Aug 24, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 24, 2022Telsey AdvisoryMarket PerformMarket PerformHold
Aug 24, 2022CitigroupNeutralNeutralHold
May 27, 2022Deutsche BankHoldHoldHold
May 27, 2022CitigroupNeutralNeutralHold
May 26, 2022CFRABuyUpgrade
Feb 23, 2022Morgan StanleyUnderweightUnderweightHold
Feb 23, 2022Credit SuisseUnderperformUnderperformHold
Feb 16, 2022Deutsche BankIn-LineIn-LineHold
Nov 22, 2021Credit SuisseUnderperformUnderperformHold
Aug 22, 2021JefferiesBuyBuyHold
May 22, 2021Morgan StanleyUnderweightUnderweightHold
Mar 15, 2021JefferiesBuyBuyHold

Macy's's last stock rating was published by Cowen & Co. on Sep 24, 2024. The company gave M a "Hold" rating, the same as its previous rate.

Macy's Financial Forecast

Macy's Revenue Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
Revenue------------$8.38B----------$4.87B--$3.73B$3.15B$8.58B$5.36B
Avg Forecast$5.06B$5.04B$5.02B$5.01B$7.54B$4.49B$4.67B$4.59B$7.84B$4.74B$5.06B$4.82B$8.06B$4.78B$5.07B$5.01B$8.23B$5.20B$5.49B$5.33B$8.44B$5.20B$5.01B$4.36B$6.48B$3.86B$3.46B$3.02B$8.32B$5.32B
High Forecast$5.08B$5.06B$5.05B$5.03B$7.58B$4.51B$4.69B$4.61B$7.87B$4.75B$5.06B$4.82B$8.07B$4.83B$5.09B$5.04B$8.27B$5.35B$5.65B$5.49B$8.69B$5.35B$5.16B$4.49B$6.67B$3.97B$3.56B$3.10B$8.56B$5.47B
Low Forecast$5.01B$4.99B$4.97B$4.96B$7.47B$4.45B$4.62B$4.55B$7.76B$4.72B$5.06B$4.82B$8.05B$4.75B$5.02B$4.97B$8.15B$5.07B$5.35B$5.20B$8.23B$5.07B$4.89B$4.25B$6.32B$3.76B$3.38B$2.94B$8.11B$5.19B
# Analysts2222211145254845453536464641098
Surprise %------------1.04%----------1.12%--1.08%1.04%1.03%1.01%

Macy's's average Quarter revenue forecast for May 24 based on 5 analysts is $4.82B, with a low forecast of $4.82B, and a high forecast of $4.82B. M's average Quarter revenue forecast represents a -42.48% decrease compared to the company's last Quarter revenue of $8.38B (Feb 24).

Macy's EBITDA Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts2222211145254845453536464641098
EBITDA------------$1.13B----------$443.00M--$-424.00M$-3.87B$756.00M$305.00M
Avg Forecast$148.69M$148.17M$147.66M$147.15M$221.78M$132.07M$137.27M$134.99M$230.36M$139.40M$148.72M$1.16B$236.95M$140.58M$148.92M$1.05B$945.49M$415.45M$438.45M$957.12M$674.37M$415.20M$400.16M$2.59B$517.39M$307.96M$-3.87B$240.99M$664.30M$424.96M
High Forecast$149.39M$148.87M$148.36M$147.85M$222.83M$132.70M$137.92M$135.63M$231.45M$139.70M$148.72M$1.39B$237.38M$142.05M$149.62M$1.26B$1.13B$427.54M$451.08M$1.15B$693.80M$427.16M$411.68M$3.11B$532.29M$316.83M$-3.10B$247.93M$683.43M$437.20M
Low Forecast$147.24M$146.73M$146.23M$145.72M$219.63M$130.79M$135.94M$133.68M$228.12M$138.81M$148.72M$926.50M$236.52M$139.70M$147.47M$842.27M$756.39M$405.14M$427.44M$765.70M$657.44M$404.78M$390.11M$2.07B$504.40M$300.23M$-4.65B$234.93M$647.62M$414.29M
Surprise %------------4.75%----------0.17%--0.11%-16.06%1.14%0.72%

5 analysts predict M's average Quarter EBITDA for May 24 to be $1.16B, with a high of $1.39B and a low of $926.50M. This is 2.85% upper than Macy's's previous annual EBITDA (Feb 24) of $1.13B.

Macy's Net Income Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts2222211145254845453536464641098
Net Income------------$-71.00M----------$103.00M--$-431.00M$-3.58B$340.00M$2.00M
Avg Forecast$502.89M$-13.22M$131.22M$109.99M$473.49M$-9.65M$114.02M$83.06M$442.23M$8.60M$90.69M$696.75M$560.13M$-688.55K$39.18M$633.41M$395.75M$51.49M$240.90M$575.82M$564.97M$88.50M$65.58M$672.00M$30.22M$-221.61M$-3.58B$-585.72M$552.55M$142.77K
High Forecast$505.98M$-13.05M$132.02M$110.66M$476.39M$-9.52M$114.71M$83.57M$510.67M$39.02M$93.25M$836.10M$561.23M$688.55K$39.42M$760.09M$474.90M$53.44M$249.92M$690.99M$586.13M$91.81M$68.04M$806.40M$31.35M$-214.37M$-2.86B$-566.60M$573.24M$148.12K
Low Forecast$496.54M$-13.30M$129.56M$108.60M$467.51M$-9.70M$112.57M$82.01M$405.38M$-13.67M$88.13M$557.40M$559.03M$-7.57M$38.69M$506.73M$316.60M$49.83M$233.04M$460.66M$546.53M$85.61M$63.44M$537.60M$29.23M$-229.90M$-4.30B$-607.65M$534.52M$138.11K
Surprise %-------------0.13%----------0.15%--0.12%6.11%0.62%14.01%

Macy's's average Quarter net income forecast for Aug 21 is $65.58M, with a range of $63.44M to $68.04M. M's average Quarter net income forecast represents a -36.33% decrease compared to the company's last Quarter net income of $103.00M (May 21).

Macy's SG&A Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts2222211145254845453536464641098
SG&A------------$2.40B----------$1.75B--$1.40B$1.60B$2.51B$2.20B
Avg Forecast$1.75B$1.75B$1.74B$1.73B$2.61B$1.56B$1.62B$1.59B$2.72B$1.64B$1.75B$2.28B$2.79B$1.66B$1.76B$2.07B$3.27B$1.79B$1.89B$1.88B$2.91B$1.79B$1.72B$1.50B$2.23B$1.33B$1.19B$1.04B$2.86B$1.83B
High Forecast$1.76B$1.75B$1.75B$1.74B$2.63B$1.56B$1.63B$1.60B$2.73B$1.65B$1.75B$2.73B$2.80B$1.67B$1.76B$2.48B$3.92B$1.84B$1.94B$2.26B$2.99B$1.84B$1.77B$1.54B$2.29B$1.37B$1.23B$1.07B$2.95B$1.88B
Low Forecast$1.74B$1.73B$1.72B$1.72B$2.59B$1.54B$1.60B$1.58B$2.69B$1.64B$1.75B$1.82B$2.79B$1.65B$1.74B$1.66B$2.61B$1.75B$1.84B$1.51B$2.83B$1.74B$1.68B$1.46B$2.17B$1.29B$1.16B$1.01B$2.79B$1.79B
Surprise %------------0.86%----------1.16%--1.17%1.54%0.88%1.20%

Macy's's average Quarter SG&A projection for May 24 is $2.28B, based on 5 Wall Street analysts, with a range of $1.82B to $2.73B. The forecast indicates a -5.29% fall compared to M last annual SG&A of $2.40B (Feb 24).

Macy's EPS Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts2222211145254845453536464641098
EPS------------$-0.26----------$0.33--$-1.39$-11.53$1.10$0.01
Avg Forecast$1.79$-0.05$0.47$0.39$1.68$-0.03$0.41$0.30$1.57$0.03$0.32$0.17$1.99$-0.00$0.14$0.45$1.58$0.18$0.86$0.82$2.01$0.31$0.23$-0.39$0.11$-0.79$-1.77$-2.08$1.96-
High Forecast$1.80$-0.05$0.47$0.39$1.69$-0.03$0.41$0.30$1.81$0.14$0.33$0.18$1.99-$0.14$0.46$1.59$0.19$0.89$0.86$2.08$0.33$0.24$-0.37$0.11$-0.76$-1.71$-2.01$2.04-
Low Forecast$1.76$-0.05$0.46$0.39$1.66$-0.03$0.40$0.29$1.44$-0.05$0.31$0.17$1.99$-0.03$0.14$0.45$1.56$0.18$0.83$0.80$1.94$0.30$0.23$-0.40$0.10$-0.82$-1.83$-2.16$1.90-
Surprise %-------------0.13%-----------0.86%--0.79%5.54%0.56%19.72%

According to 4 Wall Street analysts, Macy's's projected average Quarter EPS for Aug 21 is $0.23, with a low estimate of $0.23 and a high estimate of $0.24. This represents a -29.42% decrease compared to M previous annual EPS of $0.33 (May 21).

Macy's Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
KSSKohl's$14.25$22.0054.39%Hold
MMacy's$16.73$17.001.61%Hold
JWNNordstrom$23.16$22.60-2.42%Hold
DDSDillard's$436.85$376.00-13.93%Buy

M Forecast FAQ

Is Macy's a good buy?

No, according to 16 Wall Street analysts, Macy's (M) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 37.50% of M's total ratings.

What is M's price target?

Macy's (M) average price target is $17 with a range of $17 to $17, implying a 2.10% from its last price of $16.65. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Macy's stock go up soon?

According to Wall Street analysts' prediction for M stock, the company can go up by 2.10% (from the last price of $16.65 to the average price target of $17), up by 2.10% based on the highest stock price target, and up by 2.10% based on the lowest stock price target.

Can Macy's stock reach $20?

M's average twelve months analyst stock price target of $17 does not support the claim that Macy's can reach $20 in the near future.

What are Macy's's analysts' financial forecasts?

Macy's's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $21.3B (high $21.4B, low $21.09B), average EBITDA is $626.12M (high $629.07M, low $620.03M), average net income is $660.92M (high $665.15M, low $652.39M), average SG&A $7.38B (high $7.41B, low $7.31B), and average EPS is $2.35 (high $2.36, low $2.32). M's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $20.13B (high $20.22B, low $19.93B), average EBITDA is $591.68M (high $594.47M, low $585.92M), average net income is $730.89M (high $735.61M, low $721.4M), average SG&A $6.97B (high $7.01B, low $6.91B), and average EPS is $2.6 (high $2.61, low $2.56).

Did the M's actual financial results beat the analysts' financial forecasts?

Based on Macy's's last annual report (Feb 2024), the company's revenue was $23.87B, beating the average analysts forecast of $22.92B by 4.12%. Apple's EBITDA was $2.24B, beating the average prediction of $1.58B by 42.15%. The company's net income was $105M, missing the average estimation of $1.23B by -91.48%. Apple's SG&A was $8.38B, beating the average forecast of $8.28B by 1.20%. Lastly, the company's EPS was $0.38, missing the average prediction of $2.58 by -85.27%. In terms of the last quarterly report (Feb 2024), Macy's's revenue was $8.38B, beating the average analysts' forecast of $8.06B by 3.90%. The company's EBITDA was $1.13B, beating the average prediction of $236.95M by 375.20%. Macy's's net income was $-71M, missing the average estimation of $560.13M by -112.68%. The company's SG&A was $2.4B, missing the average forecast of $2.79B by -13.89%. Lastly, the company's EPS was $-0.26, missing the average prediction of $1.99 by -113.07%