Macy's (M) Stock Forecast, Price Target & Predictions
M Stock Forecast
Macy's stock forecast is as follows: an average price target of $23.54 (represents a 56.93% upside from M’s last price of $15.00) 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 $23.54 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $45.00 to $10.00. This represents a potential 56.93% upside from M's last price of $15.00.
M Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 22, 2024 | Alex Straton | Morgan Stanley | $17.00 | $15.35 | 10.75% | 13.33% |
| Aug 21, 2024 | Paul Lejuez | Citigroup | $17.00 | $15.30 | 11.11% | 13.33% |
| Jul 15, 2024 | Michael Binetti | Evercore ISI | $17.00 | $16.85 | 0.89% | 13.33% |
| May 22, 2024 | Brooke Roach | Goldman Sachs | $23.00 | $20.23 | 13.72% | 53.33% |
| May 22, 2024 | Jay Sole | UBS | $10.00 | $20.48 | -51.17% | -33.33% |
| May 21, 2024 | Zachary Warring | CFRA | $19.00 | $19.01 | -0.05% | 26.67% |
| May 06, 2024 | Alex Straton | Morgan Stanley | $19.00 | $19.52 | -2.66% | 26.67% |
| Nov 18, 2022 | - | Deutsche Bank | $24.00 | $22.22 | 8.01% | 60.00% |
| Nov 17, 2022 | Chuck Grom | Gordon Haskett Capital Corporation | $28.00 | $22.26 | 25.79% | 86.67% |
| Nov 17, 2022 | Dana Telsey | Telsey Advisory | $25.00 | $22.37 | 11.76% | 66.67% |
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 13.33% increase from M last price ($15.00).
Macy's Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 7 |
| Avg Price Target | $17.00 | $17.00 | $17.43 |
| Last Closing Price | $15.00 | $15.00 | $15.00 |
| Upside/Downside | 13.33% | 13.33% | 16.20% |
In the current month, the average price target of Macy's stock is $17.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 13.33% increase as opposed to Macy's's last price of $15.00. This month's average price target is down 0.00% compared to last quarter, and down -2.47% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 22, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 21, 2024 | Citigroup | Neutral | Neutral | Hold |
| Aug 14, 2024 | Telsey Advisory | Market Perform | Market Perform | Hold |
| Jul 16, 2024 | Telsey Advisory | Market Perform | Market Perform | Hold |
| May 22, 2024 | Goldman Sachs | Buy | Buy | Hold |
| May 22, 2024 | Telsey Advisory | Market Perform | Market Perform | Hold |
| May 22, 2024 | Cowen & Co. | Hold | Hold | Hold |
| May 22, 2024 | UBS | Sell | Sell | Hold |
| May 21, 2024 | CFRA | Hold | Hold | Hold |
| May 06, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Macy's's last stock rating was published by Morgan Stanley on Aug 22, 2024. The company gave M a "Equal-Weight" rating, the same as its previous rate.
Macy's Financial Forecast
Macy's Revenue Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $8.38B | - | - | - | - | - | - | - | - | - | - | $4.87B | - | - | $3.73B | $3.15B | $8.58B | $5.36B |
| Avg Forecast | $5.28B | $5.26B | $5.24B | $5.22B | $7.23B | $4.46B | $4.65B | $4.55B | $7.65B | $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 | $5.40B | $5.38B | $5.36B | $5.35B | $7.40B | $4.57B | $4.76B | $4.66B | $7.74B | $4.76B | $5.18B | $4.93B | $8.25B | $4.83B | $5.19B | $5.13B | $8.43B | $5.33B | $5.63B | $5.47B | $8.68B | $5.34B | $5.15B | $4.48B | $6.66B | $3.96B | $3.56B | $3.10B | $8.55B | $5.47B |
| Low Forecast | $5.16B | $5.14B | $5.12B | $5.10B | $7.07B | $4.36B | $4.54B | $4.45B | $7.50B | $4.69B | $4.95B | $4.71B | $7.88B | $4.75B | $4.95B | $4.90B | $8.05B | $5.09B | $5.35B | $5.19B | $8.20B | $5.05B | $4.86B | $4.23B | $6.29B | $3.74B | $3.36B | $2.93B | $8.08B | $5.17B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 7 | 3 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 |
| 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 6 analysts is $4.82B, with a low forecast of $4.71B, and a high forecast of $4.93B. 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 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 7 | 3 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $1.13B | - | - | - | - | - | - | - | - | - | - | $443.00M | - | - | $-424.00M | $-3.87B | $756.00M | $305.00M |
| Avg Forecast | $421.26M | $419.81M | $418.36M | $416.92M | $577.41M | $356.45M | $371.01M | $363.46M | $610.65M | $378.26M | $404.00M | $1.16B | $643.68M | $381.88M | $404.54M | $1.05B | $657.53M | $2.87B | $438.45M | $425.87M | $1.01B | $2.61B | $400.16M | $2.59B | $178.94M | $-588.57M | $-3.87B | $240.99M | $664.30M | $424.96M |
| High Forecast | $431.40M | $429.91M | $428.43M | $426.95M | $591.30M | $365.03M | $379.94M | $372.21M | $617.86M | $379.86M | $413.72M | $1.39B | $659.17M | $385.87M | $414.28M | $1.26B | $673.36M | $3.44B | $449.63M | $437.08M | $1.21B | $3.13B | $411.17M | $3.11B | $214.73M | $-470.86M | $-3.10B | $247.62M | $682.58M | $436.66M |
| Low Forecast | $411.83M | $410.41M | $409.00M | $407.59M | $564.48M | $348.48M | $362.71M | $355.33M | $598.63M | $374.27M | $394.96M | $926.50M | $629.28M | $379.48M | $395.49M | $842.27M | $642.82M | $2.29B | $427.08M | $414.09M | $808.98M | $2.09B | $388.49M | $2.07B | $143.15M | $-706.28M | $-4.65B | $233.96M | $644.92M | $412.57M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.75% | - | - | - | - | - | - | - | - | - | - | 0.17% | - | - | 0.11% | -16.06% | 1.14% | 0.72% |
6 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 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 7 | 3 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-71.00M | - | - | - | - | - | - | - | - | - | - | $103.00M | - | - | $-431.00M | $-3.58B | $340.00M | $2.00M |
| Avg Forecast | $592.27M | $-9.18M | $129.01M | $103.46M | $538.04M | $-4.80M | $106.37M | $88.01M | $539.10M | $-398.46K | $90.72M | $696.75M | $560.33M | $-688.79K | $39.20M | $633.41M | $445.44M | $1.32B | $240.39M | $226.79M | $423.26M | $1.20B | $64.05M | $672.00M | $-144.10M | $-598.29M | $-3.58B | $-571.99M | $539.60M | $139.43K |
| High Forecast | $610.80M | $-8.91M | $133.04M | $106.70M | $554.87M | $-4.66M | $109.69M | $90.77M | $558.75M | $-386.87K | $93.56M | $836.10M | $577.86M | $688.79K | $40.43M | $760.09M | $459.37M | $1.58B | $248.36M | $234.55M | $507.91M | $1.44B | $66.34M | $806.40M | $-115.28M | $-478.63M | $-2.86B | $-550.31M | $558.91M | $144.41K |
| Low Forecast | $575.04M | $-9.46M | $125.25M | $100.45M | $522.38M | $-4.95M | $103.27M | $85.45M | $516.63M | $-410.93K | $88.08M | $557.40M | $544.03M | $-7.58M | $38.06M | $506.73M | $432.48M | $1.06B | $232.28M | $218.64M | $338.61M | $959.73M | $61.62M | $537.60M | $-172.92M | $-717.94M | $-4.30B | $-592.47M | $519.15M | $134.14K |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.13% | - | - | - | - | - | - | - | - | - | - | 0.15% | - | - | 0.12% | 6.26% | 0.63% | 14.34% |
Macy's's average Quarter net income forecast for Aug 21 is $64.05M, with a range of $61.62M to $66.34M. M's average Quarter net income forecast represents a -37.82% decrease compared to the company's last Quarter net income of $103.00M (May 21).
Macy's SG&A Forecast
| Feb 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 7 | 3 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $2.40B | - | - | - | - | - | - | - | - | - | - | $1.75B | - | - | $1.40B | $1.60B | $2.51B | $2.20B |
| Avg Forecast | $1.82B | $1.81B | $1.80B | $1.80B | $2.49B | $1.54B | $1.60B | $1.57B | $2.63B | $1.63B | $1.74B | $2.28B | $2.77B | $1.65B | $1.74B | $2.07B | $2.83B | $1.79B | $1.89B | $1.84B | $3.49B | $1.79B | $1.72B | $1.50B | $2.73B | $2.33B | $1.19B | $1.04B | $2.86B | $1.83B |
| High Forecast | $1.86B | $1.85B | $1.85B | $1.84B | $2.55B | $1.57B | $1.64B | $1.60B | $2.66B | $1.64B | $1.78B | $2.73B | $2.84B | $1.66B | $1.79B | $2.48B | $2.90B | $1.83B | $1.94B | $1.88B | $4.19B | $1.84B | $1.77B | $1.54B | $3.28B | $2.80B | $1.22B | $1.07B | $2.94B | $1.88B |
| Low Forecast | $1.77B | $1.77B | $1.76B | $1.76B | $2.43B | $1.50B | $1.56B | $1.53B | $2.58B | $1.61B | $1.70B | $1.82B | $2.71B | $1.64B | $1.70B | $1.66B | $2.77B | $1.75B | $1.84B | $1.78B | $2.80B | $1.74B | $1.67B | $1.46B | $2.19B | $1.86B | $1.16B | $1.01B | $2.78B | $1.78B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | - | - | - | - | - | - | - | - | - | - | 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 6 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 27 | Nov 26 | Aug 26 | May 26 | Feb 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 5 | 7 | 7 | 3 | 6 | 4 | 8 | 4 | 6 | 4 | 5 | 3 | 5 | 3 | 6 | 4 | 6 | 4 | 6 | 4 | 6 | 4 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.26 | - | - | - | - | - | - | - | - | - | - | $0.33 | - | - | $-1.39 | $-11.53 | $1.10 | $0.01 |
| Avg Forecast | $2.10 | $-0.03 | $0.46 | $0.37 | $1.91 | $-0.02 | $0.38 | $0.31 | $1.91 | $-0.00 | $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 | $2.17 | $-0.03 | $0.47 | $0.38 | $1.97 | $-0.02 | $0.39 | $0.32 | $1.98 | $-0.00 | $0.33 | $0.18 | $2.05 | - | $0.14 | $0.47 | $1.63 | $0.19 | $0.88 | $0.85 | $2.08 | $0.33 | $0.24 | $-0.37 | $0.11 | $-0.76 | $-1.70 | $-2.00 | $2.03 | - |
| Low Forecast | $2.04 | $-0.03 | $0.44 | $0.36 | $1.86 | $-0.02 | $0.37 | $0.30 | $1.83 | $-0.00 | $0.31 | $0.17 | $1.93 | $-0.03 | $0.14 | $0.44 | $1.54 | $0.18 | $0.83 | $0.80 | $1.93 | $0.30 | $0.22 | $-0.40 | $0.10 | $-0.82 | $-1.83 | $-2.15 | $1.89 | - |
| 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 $0.22 and a high estimate of $0.24. This represents a -29.42% decrease compared to M previous annual EPS of $0.33 (May 21).
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 $23.54 with a range of $10 to $45, implying a 56.93% from its last price of $15. 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 56.93% (from the last price of $15 to the average price target of $23.54), up by 200.00% based on the highest stock price target, and down by -33.33% based on the lowest stock price target.
Can Macy's stock reach $20?
M's average twelve months analyst stock price target of $23.54 supports the claim that Macy's can reach $20 in the near future.
What is Macy's's current price target trend?
2 Wall Street analysts forecast a $17 price target for Macy's (M) this month, up 13.33% from its last price of $15. Compared to the last 3 and 12 months, the average price target increased by 13.33% and increased by 16.20%, respectively.
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 $20.89B (high $21.39B, low $20.42B), average EBITDA is $1.67B (high $1.71B, low $1.63B), average net income is $727.61M (high $750.67M, low $706.16M), average SG&A $7.19B (high $7.36B, low $7.03B), and average EPS is $2.58 (high $2.67, low $2.51). M's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $20.99B (high $21.5B, low $20.52B), average EBITDA is $1.68B (high $1.72B, low $1.64B), average net income is $815.55M (high $841.63M, low $791.27M), average SG&A $7.22B (high $7.4B, low $7.06B), and average EPS is $2.9 (high $2.99, low $2.81).
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, missing the average prediction of $2.48B by -9.58%. 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 $8.23B by 1.72%. 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 $643.68M by 74.93%. Macy's's net income was $-71M, missing the average estimation of $560.33M by -112.67%. The company's SG&A was $2.4B, missing the average forecast of $2.77B by -13.30%. Lastly, the company's EPS was $-0.26, missing the average prediction of $1.99 by -113.07%