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McDonald's (MCD) Stock Forecast, Price Target & Predictions

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MCD Stock Forecast

McDonald's stock forecast is as follows: an average price target of $310.82 (represents a 6.84% upside from MCD’s last price of $290.91) and a rating consensus of 'Buy', based on 33 wall street analysts offering a 1-year stock forecast.

MCD Price Target

The average price target for McDonald's (MCD) is $310.82 based on 1-year price targets from 33 Wall Street analysts in the past 3 months, with a price target range of $445.00 to $257.00. This represents a potential 6.84% upside from MCD's last price of $290.91.

MCD Analyst Ratings

Buy

According to 33 Wall Street analysts, McDonald's's rating consensus is 'Buy'. The analyst rating breakdown for MCD stock is 0 'Strong Buy' (0.00%), 24 'Buy' (72.73%), 9 'Hold' (27.27%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

McDonald's Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 30, 2024Andrew StrelzikBMO Capital$335.00$291.5214.91%15.16%
Oct 29, 2024Jake BartlettTruist Financial$342.00$295.0015.93%17.56%
Oct 29, 2024David TarantinoRobert W. Baird$290.00$296.79-2.29%-0.31%
Oct 23, 2024Nick SetyanWedbush$295.00$297.62-0.88%1.41%
Oct 23, 2024Christine ChoGoldman Sachs$325.00$314.693.28%11.72%
Oct 23, 2024Gregory FrancfortGuggenheim$285.00$314.69-9.43%-2.03%
Oct 23, 2024David PalmerEvercore ISI$340.00$314.698.04%16.87%
Oct 21, 2024Sara SenatoreBank of America Securities$322.00$316.561.72%10.69%
Oct 15, 2024Brian HarbourMorgan Stanley$340.00$313.348.51%16.87%
Oct 09, 2024Dennis GeigerUBS$345.00$301.9014.28%18.59%
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The latest McDonald's stock forecast, released on Oct 30, 2024 by Andrew Strelzik from BMO Capital, set a price target of $335.00, which represents a 14.91% increase from the stock price at the time of the forecast ($291.52), and a 15.16% increase from MCD last price ($290.91).

McDonald's Price Target by Period

1M3M12M
# Anlaysts81341
Avg Price Target$316.75$320.54$318.37
Last Closing Price$290.91$290.91$290.91
Upside/Downside8.88%10.19%9.44%

In the current month, the average price target of McDonald's stock is $316.75, according to 8 Wall Street analysts offering twelve months forecast. The average price target represents a 8.88% increase as opposed to McDonald's's last price of $290.91. This month's average price target is down -1.18% compared to last quarter, and down -0.51% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 30, 2024BMO CapitalOutperformOutperformHold
Oct 29, 2024Wells FargoOverweightOverweightHold
Oct 28, 2024KeyBancOverweightOverweightHold
Oct 23, 2024WedbushOutperformOutperformHold
Oct 23, 2024Goldman SachsNeutralNeutralHold
Oct 23, 2024GuggenheimBuyNeutralDowngrade
Oct 23, 2024Raymond JamesMarket PerformMarket PerformHold
Oct 23, 2024BTIGNeutralNeutralHold
Oct 22, 2024BarclaysOverweightOverweightHold
Oct 18, 2024Loop Capital MarketsBuyBuyHold
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McDonald's's last stock rating was published by BMO Capital on Oct 30, 2024. The company gave MCD a "Outperform" rating, the same as its previous rate.

McDonald's Financial Forecast

McDonald's Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$6.69B$6.50B$5.90B$5.93B$5.87B$5.72B$5.67B$6.01B$6.20B$5.89B$5.12B$5.31B$5.42B$3.76B$4.71B$5.35B$5.43B
Avg Forecast$7.17B$7.38B$7.04B$6.53B$6.86B$7.04B$6.72B$6.29B$6.52B$6.82B$6.62B$6.16B$6.45B$6.56B$6.30B$5.58B$5.72B$5.70B$5.80B$5.57B$6.02B$6.05B$5.58B$5.04B$5.36B$5.40B$3.70B$4.67B$5.31B$5.49B
High Forecast$7.32B$7.53B$7.18B$6.66B$7.00B$7.18B$6.86B$6.37B$6.61B$6.84B$6.62B$6.16B$6.70B$6.75B$6.42B$5.70B$5.83B$5.70B$5.80B$5.57B$6.02B$6.05B$5.58B$5.04B$5.36B$5.40B$3.70B$4.67B$5.31B$5.49B
Low Forecast$7.02B$7.23B$6.89B$6.40B$6.72B$6.90B$6.58B$6.23B$6.46B$6.80B$6.62B$6.16B$6.32B$6.35B$6.16B$5.47B$5.60B$5.70B$5.80B$5.57B$6.02B$6.05B$5.58B$5.04B$5.36B$5.40B$3.70B$4.67B$5.31B$5.49B
# Analysts971176126141715661222111116101018111321111587655
Surprise %-------------1.02%1.03%1.06%1.04%1.03%0.99%1.02%1.00%1.02%1.05%1.02%0.99%1.00%1.02%1.01%1.01%0.99%

McDonald's's average Quarter revenue forecast for Dec 23 based on 12 analysts is $6.45B, with a low forecast of $6.32B, and a high forecast of $6.70B. MCD's average Quarter revenue forecast represents a -3.65% decrease compared to the company's last Quarter revenue of $6.69B (Sep 23).

McDonald's EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts971176126141715661222111116101018111321111587655
EBITDA-------------$3.36B$3.24B$2.70B$2.75B$2.94B$1.79B$2.00B$2.88B$3.45B$3.14B$2.71B$2.62B$2.96B$1.39B$2.15B$2.72B$2.85B
Avg Forecast$3.68B$3.79B$3.61B$3.35B$3.52B$3.61B$3.45B$3.23B$3.34B$3.50B$3.40B$2.65B$3.31B$3.37B$3.23B$2.41B$2.87B$2.48B$2.52B$2.19B$2.62B$2.63B$2.42B$2.54B$2.33B$2.34B$1.61B$2.28B$2.30B$2.38B
High Forecast$3.75B$3.86B$3.68B$3.42B$3.59B$3.69B$3.52B$3.27B$3.39B$3.51B$3.40B$3.18B$3.44B$3.46B$3.29B$2.89B$3.44B$2.48B$2.52B$2.63B$2.62B$2.63B$2.42B$3.05B$2.33B$2.34B$1.61B$2.74B$2.30B$2.38B
Low Forecast$3.60B$3.71B$3.53B$3.28B$3.45B$3.54B$3.38B$3.19B$3.31B$3.49B$3.40B$2.12B$3.24B$3.26B$3.16B$1.93B$2.29B$2.48B$2.52B$1.75B$2.62B$2.63B$2.42B$2.03B$2.33B$2.34B$1.61B$1.83B$2.30B$2.38B
Surprise %-------------1.00%1.00%1.12%0.96%1.19%0.71%0.91%1.10%1.31%1.29%1.06%1.12%1.26%0.86%0.94%1.18%1.19%

12 analysts predict MCD's average Quarter EBITDA for Dec 23 to be $3.31B, with a high of $3.44B and a low of $3.24B. This is -1.58% lower than McDonald's's previous annual EBITDA (Sep 23) of $3.36B.

McDonald's Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts971176126141715661222111116101018111321111587655
Net Income-------------$2.32B$2.31B$1.80B$1.90B$1.98B$1.19B$1.10B$1.64B$2.15B$2.22B$1.54B$1.38B$1.76B$483.80M$1.11B$1.57B$1.61B
Avg Forecast$2.44B$2.65B$2.47B$2.16B$2.27B$2.46B$2.30B$2.01B$2.09B$2.31B$2.21B$1.27B$2.04B$2.16B$2.00B$1.15B$1.89B$1.86B$1.78B$1.05B$1.69B$1.78B$1.52B$1.44B$1.28B$1.38B$537.44M$1.18B$1.42B$1.59B
High Forecast$2.51B$2.72B$2.54B$2.22B$2.33B$2.53B$2.36B$2.05B$2.15B$2.31B$2.21B$1.52B$2.06B$2.35B$2.06B$1.38B$2.26B$1.86B$1.78B$1.26B$1.69B$1.78B$1.52B$1.73B$1.28B$1.38B$537.44M$1.41B$1.42B$1.59B
Low Forecast$2.38B$2.58B$2.41B$2.10B$2.21B$2.40B$2.24B$1.96B$1.97B$2.30B$2.21B$1.01B$1.99B$2.08B$1.95B$922.61M$1.51B$1.86B$1.78B$838.73M$1.69B$1.78B$1.52B$1.16B$1.28B$1.38B$537.44M$941.92M$1.42B$1.59B
Surprise %-------------1.07%1.15%1.56%1.01%1.06%0.67%1.05%0.97%1.21%1.46%1.06%1.08%1.28%0.90%0.94%1.11%1.01%

McDonald's's average Quarter net income forecast for Dec 23 is $2.04B, with a range of $1.99B to $2.06B. MCD's average Quarter net income forecast represents a -12.17% decrease compared to the company's last Quarter net income of $2.32B (Sep 23).

McDonald's SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts971176126141715661222111116101018111321111587655
SG&A-------------$583.50M$567.50M$553.30M$720.30M$576.40M$611.20M$584.30M$755.40M$559.60M$572.40M$490.40M$698.00M$454.70M$576.00M$516.30M$653.60M$543.60M
Avg Forecast$757.64M$779.88M$743.08M$690.14M$724.92M$743.89M$710.06M$664.09M$688.56M$720.02M$699.48M$671.16M$681.01M$693.07M$664.85M$610.15M$870.00M$601.96M$612.69M$554.68M$636.23M$639.08M$589.70M$460.60M$566.32M$570.11M$390.68M$549.19M$560.38M$579.56M
High Forecast$772.68M$795.36M$757.83M$703.84M$739.32M$758.66M$724.15M$672.52M$698.04M$722.23M$699.48M$805.40M$707.32M$712.60M$678.05M$732.18M$1.04B$601.96M$612.69M$665.62M$636.23M$639.08M$589.70M$552.72M$566.32M$570.11M$390.68M$659.02M$560.38M$579.56M
Low Forecast$741.91M$763.69M$727.66M$675.81M$709.88M$728.45M$695.32M$657.76M$682.25M$717.81M$699.48M$536.93M$667.33M$670.15M$651.05M$488.12M$696.00M$601.96M$612.69M$443.74M$636.23M$639.08M$589.70M$368.48M$566.32M$570.11M$390.68M$439.35M$560.38M$579.56M
Surprise %-------------0.84%0.85%0.91%0.83%0.96%1.00%1.05%1.19%0.88%0.97%1.06%1.23%0.80%1.47%0.94%1.17%0.94%

McDonald's's average Quarter SG&A projection for Dec 23 is $681.01M, based on 12 Wall Street analysts, with a range of $667.33M to $707.32M. The forecast indicates a 16.71% rise compared to MCD last annual SG&A of $583.50M (Sep 23).

McDonald's EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts971176126141715661222111116101018111321111587655
EPS-------------$3.18$3.16$2.47$2.60$2.71$1.61$1.49$2.20$2.88$2.97$2.06$1.85$2.37$0.65$1.49$2.11$2.14
Avg Forecast$3.40$3.68$3.44$3.00$3.15$3.42$3.19$2.79$2.90$3.21$3.07$2.72$2.83$3.00$2.78$2.33$2.46$2.58$2.47$2.17$2.34$2.46$2.11$1.81$1.77$1.91$0.74$1.58$1.96$2.21
High Forecast$3.48$3.77$3.53$3.08$3.23$3.51$3.27$2.85$2.98$3.22$3.07$2.72$2.86$3.27$2.86$2.39$2.52$2.58$2.47$2.17$2.34$2.46$2.11$1.81$1.77$1.91$0.74$1.58$1.96$2.21
Low Forecast$3.30$3.58$3.34$2.92$3.07$3.33$3.10$2.72$2.73$3.20$3.07$2.72$2.77$2.90$2.71$2.27$2.39$2.58$2.47$2.17$2.34$2.46$2.11$1.81$1.77$1.91$0.74$1.58$1.96$2.21
Surprise %-------------1.06%1.13%1.06%1.06%1.05%0.65%0.69%0.94%1.17%1.41%1.14%1.04%1.24%0.87%0.94%1.07%0.97%

According to 12 Wall Street analysts, McDonald's's projected average Quarter EPS for Dec 23 is $2.83, with a low estimate of $2.77 and a high estimate of $2.86. This represents a -11.11% decrease compared to MCD previous annual EPS of $3.18 (Sep 23).

McDonald's Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PZZAPapa John's$47.31$75.0058.53%Buy
JACKJack in the Box$45.60$71.7557.35%Buy
YUMCYum China$47.38$64.4936.11%Buy
WENWendy's Company$17.92$22.8827.68%Buy
SBUXStarbucks$98.26$110.7612.72%Buy
QSRRestaurant Brands$69.41$78.2112.68%Buy
DPZDomino's Pizza$438.97$484.2010.30%Buy
DRIDarden Restaurants$162.59$178.349.69%Buy
YUMYum! Brands$132.88$144.688.88%Buy
MCDMcDonald's$290.91$310.826.84%Buy
WINGWingstop$333.21$348.244.51%Buy
CMGChipotle Mexican Grill$58.88$56.59-3.89%Buy
SHAKShake Shack$119.27$109.19-8.45%Hold
BROSDutch Bros$52.62$43.00-18.28%Buy

MCD Forecast FAQ

Is McDonald's a good buy?

Yes, according to 33 Wall Street analysts, McDonald's (MCD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 24 'Buy' recommendations, accounting for 72.73% of MCD's total ratings.

What is MCD's price target?

McDonald's (MCD) average price target is $310.82 with a range of $257 to $445, implying a 6.84% from its last price of $290.91. The data is based on 33 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will McDonald's stock go up soon?

According to Wall Street analysts' prediction for MCD stock, the company can go up by 6.84% (from the last price of $290.91 to the average price target of $310.82), up by 52.97% based on the highest stock price target, and down by -11.66% based on the lowest stock price target.

Can McDonald's stock reach $400?

MCD's highest twelve months analyst stock price target of $445 supports the claim that McDonald's can reach $400 in the near future.

What is McDonald's's current price target trend?

8 Wall Street analysts forecast a $316.75 price target for McDonald's (MCD) this month, up 8.88% from its last price of $290.91. Compared to the last 3 and 12 months, the average price target increased by 10.19% and increased by 9.44%, respectively.

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

McDonald's's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $26.92B (high $27.41B, low $26.43B), average EBITDA is $13.81B (high $14.06B, low $13.56B), average net income is $9.03B (high $9.26B, low $8.8B), average SG&A $2.84B (high $2.89B, low $2.79B), and average EPS is $12.55 (high $12.86, low $12.22). MCD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $28.13B (high $28.69B, low $27.54B), average EBITDA is $14.43B (high $14.72B, low $14.13B), average net income is $9.73B (high $9.98B, low $9.46B), average SG&A $2.97B (high $3.03B, low $2.91B), and average EPS is $13.51 (high $13.86, low $13.15).

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

Based on McDonald's's last annual report (Dec 2022), the company's revenue was $23.18B, beating the average analysts forecast of $22.79B by 1.72%. Apple's EBITDA was $10.36B, beating the average prediction of $10.05B by 3.01%. The company's net income was $6.18B, missing the average estimation of $6.58B by -6.11%. Apple's SG&A was $2.49B, missing the average forecast of $2.64B by -5.57%. Lastly, the company's EPS was $8.45, missing the average prediction of $9.67 by -12.60%. In terms of the last quarterly report (Sep 2023), McDonald's's revenue was $6.69B, beating the average analysts' forecast of $6.56B by 1.98%. The company's EBITDA was $3.36B, missing the average prediction of $3.37B by -0.17%. McDonald's's net income was $2.32B, beating the average estimation of $2.16B by 7.23%. The company's SG&A was $583.5M, missing the average forecast of $693.07M by -15.81%. Lastly, the company's EPS was $3.18, beating the average prediction of $3 by 5.96%