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 $312.88 (represents a 5.51% upside from MCD’s last price of $296.53) and a rating consensus of 'Buy', based on 32 wall street analysts offering a 1-year stock forecast.

MCD Price Target


The average price target for McDonald's (MCD) is $312.88 based on 1-year price targets from 32 Wall Street analysts in the past 3 months, with a price target range of $612.00 to $257.00. This represents a potential 5.51% upside from MCD's last price of $296.53.

MCD Analyst Ratings


Buy

According to 32 Wall Street analysts, McDonald's's rating consensus is 'Buy'. The analyst rating breakdown for MCD stock is 0 'Strong Buy' (0.00%), 26 'Buy' (81.25%), 6 'Hold' (18.75%), 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
Sep 13, 2024Jon TowerCitigroup$301.00$292.352.96%1.51%
Jul 30, 2024Sara SenatoreBank of America Securities$278.00$264.804.99%-6.25%
Jul 30, 2024Jeffrey BernsteinBernstein$300.00$263.4913.86%1.17%
Jul 30, 2024Alton StumpLoop Capital Markets$342.00$266.4428.36%15.33%
Jul 30, 2024Andrew StrelzikBMO Capital$315.00$266.4418.23%6.23%
Jul 30, 2024Jon TowerCitigroup$275.00$261.425.19%-7.26%
Jul 30, 2024Eric GonzalezKeyBanc$305.00$261.4216.67%2.86%
Jul 30, 2024Jon TowerWells Fargo$285.00$261.429.02%-3.89%
Jul 29, 2024Andy BarishJefferies$310.00$262.5618.07%4.54%
Jul 29, 2024Jake BartlettTruist Financial$295.00$261.4212.85%-0.52%
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The latest McDonald's stock forecast, released on Sep 13, 2024 by Jon Tower from Citigroup, set a price target of $301.00, which represents a 2.96% increase from the stock price at the time of the forecast ($292.35), and a 1.51% increase from MCD last price ($296.53).

McDonald's Price Target by Period


1M3M12M
# Anlaysts11631
Avg Price Target$301.00$292.69$316.52
Last Closing Price$296.53$296.53$296.53
Upside/Downside1.51%-1.29%6.74%

In the current month, the average price target of McDonald's stock is $301.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 1.51% increase as opposed to McDonald's's last price of $296.53. This month's average price target is up 2.84% compared to last quarter, and down -4.90% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024CitigroupNeutralNeutralHold
Sep 10, 2024Loop Capital MarketsBuyBuyHold
Sep 09, 2024JefferiesBuyBuyHold
Sep 03, 2024Tigress FinancialBuyBuyHold
Aug 19, 2024Evercore ISIOutperformOutperformHold
Jul 31, 2024Cowen & Co.OutperformHoldDowngrade
Jul 30, 2024Goldman SachsNeutralNeutralHold
Jul 30, 2024Bank of America SecuritiesNeutralNeutralHold
Jul 30, 2024BarclaysBuyBuyHold
Jul 30, 2024BernsteinOverweightOverweightHold
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McDonald's's last stock rating was published by Citigroup on Sep 13, 2024. The company gave MCD a "Neutral" 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$6.69B$6.50B$5.90B$5.93B$5.87B-$5.67B$6.01B$6.20B$5.89B$5.12B$5.31B$5.42B$3.76B$4.71B$5.35B$5.43B
Avg Forecast$7.32B$7.49B$7.15B$6.69B$6.96B$7.13B$6.82B$6.40B$6.62B$6.77B$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$7.52B$7.69B$7.35B$6.87B$7.15B$7.32B$7.00B$6.57B$6.80B$6.95B$6.81B$6.33B$6.70B$6.75B$6.47B$5.74B$5.88B$5.86B$5.80B$5.69B$6.15B$6.18B$5.70B$5.14B$5.47B$5.51B$3.78B$4.77B$5.42B$5.60B
Low Forecast$7.15B$7.31B$6.99B$6.53B$6.80B$6.96B$6.66B$6.25B$6.47B$6.62B$6.47B$6.01B$6.32B$6.35B$6.15B$5.45B$5.59B$5.57B$5.80B$5.22B$5.64B$5.67B$5.23B$4.72B$5.02B$5.06B$3.47B$4.38B$4.97B$5.14B
# Analysts881281277139178612221111161011191114111112169989
Surprise %-------------1.02%1.03%1.06%1.04%1.03%-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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts881281277139178612221111161011191114111112169989
EBITDA-------------$3.36B$3.24B$2.70B$2.75B$2.94B-$2.00B$2.88B$3.45B$3.14B$2.71B$2.62B$2.96B$1.39B$2.15B$2.72B$2.85B
Avg Forecast$3.18B$3.25B$3.11B$2.90B$3.02B$3.09B$2.96B$2.78B$2.87B$2.94B$2.88B$2.65B$2.80B$2.85B$2.73B$2.41B$2.48B$3.34B$2.52B$2.19B$2.61B$3.03B$2.77B$2.54B$2.73B$2.46B$1.56B$2.28B$2.71B$2.97B
High Forecast$3.26B$3.34B$3.19B$2.98B$3.11B$3.18B$3.04B$2.85B$2.95B$3.02B$2.96B$3.18B$2.91B$2.93B$2.81B$2.89B$2.55B$4.00B$2.52B$2.63B$3.13B$3.64B$3.32B$3.05B$3.28B$2.96B$1.87B$2.74B$3.25B$3.57B
Low Forecast$3.10B$3.17B$3.03B$2.84B$2.95B$3.02B$2.89B$2.71B$2.81B$2.87B$2.81B$2.12B$2.74B$2.76B$2.67B$1.93B$2.43B$2.67B$2.52B$1.75B$2.09B$2.43B$2.21B$2.03B$2.19B$1.97B$1.24B$1.83B$2.17B$2.38B
Surprise %-------------1.18%1.19%1.12%1.11%0.88%-0.91%1.11%1.14%1.13%1.06%0.96%1.20%0.89%0.94%1.01%0.96%

12 analysts predict MCD's average Quarter EBITDA for Dec 23 to be $2.80B, with a high of $2.91B and a low of $2.74B. This is -16.69% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts881281277139178612221111161011191114111112169989
Net Income-------------$2.32B$2.31B$1.80B$1.90B$1.98B-$1.10B$1.64B$2.15B$2.22B$1.54B$1.38B$1.76B$483.80M$1.11B$1.57B$1.61B
Avg Forecast$2.47B$2.67B$2.48B$2.18B$2.30B$2.48B$2.32B$2.03B$2.13B$2.30B$2.22B$1.27B$2.04B$2.17B$2.01B$1.15B$1.77B$2.08B$1.79B$1.05B$1.72B$1.89B$1.96B$1.44B$1.44B$1.47B$541.86M$1.18B$1.56B$1.68B
High Forecast$2.55B$2.77B$2.57B$2.25B$2.38B$2.57B$2.41B$2.11B$2.20B$2.39B$2.30B$1.52B$2.06B$2.36B$2.08B$1.38B$1.84B$2.49B$1.79B$1.26B$2.06B$2.27B$2.35B$1.73B$1.73B$1.76B$650.23M$1.41B$1.88B$2.02B
Low Forecast$2.39B$2.59B$2.41B$2.11B$2.23B$2.41B$2.25B$1.97B$2.06B$2.17B$2.15B$1.01B$2.00B$2.09B$1.95B$922.61M$1.72B$1.66B$1.79B$838.73M$1.37B$1.51B$1.57B$1.16B$1.15B$1.17B$433.48M$941.92M$1.25B$1.34B
Surprise %-------------1.07%1.15%1.56%1.07%0.95%-1.05%0.96%1.14%1.13%1.06%0.96%1.20%0.89%0.94%1.01%0.96%

McDonald's's average Quarter net income forecast for Dec 23 is $2.04B, with a range of $2.00B to $2.06B. MCD's average Quarter net income forecast represents a -11.92% 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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts881281277139178612221111161011191114111112169989
SG&A-------------$583.50M$567.50M$553.30M$720.30M$576.40M-$584.30M$755.40M$559.60M$572.40M$490.40M$698.00M$454.70M$576.00M$516.30M$653.60M$543.60M
Avg Forecast$772.79M$790.59M$755.40M$706.04M$735.24M$752.65M$719.92M$675.44M$699.14M$714.57M$699.48M$671.16M$681.01M$693.07M$664.85M$610.15M$604.13M$540.49M$612.69M$554.68M$790.91M$491.36M$504.90M$460.60M$729.37M$378.12M$645.12M$549.19M$650.27M$568.20M
High Forecast$794.07M$812.36M$776.20M$725.48M$755.48M$773.38M$739.74M$694.04M$718.39M$733.62M$718.74M$805.40M$707.32M$712.60M$683.16M$732.18M$620.76M$648.59M$612.69M$665.62M$949.09M$589.63M$605.88M$552.72M$875.24M$453.74M$774.14M$659.02M$780.32M$681.84M
Low Forecast$754.75M$772.14M$737.77M$689.56M$718.08M$735.09M$703.11M$659.68M$682.82M$698.69M$683.16M$536.93M$667.33M$670.15M$649.33M$488.12M$590.03M$432.39M$612.69M$443.74M$632.73M$393.08M$403.92M$368.48M$583.50M$302.50M$516.10M$439.35M$520.21M$454.56M
Surprise %-------------0.84%0.85%0.91%1.19%1.07%-1.05%0.96%1.14%1.13%1.06%0.96%1.20%0.89%0.94%1.01%0.96%

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 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts881281277139178612221111161011191114111112169989
EPS-------------$3.18$3.16$2.47$2.60$2.71-$1.49$2.20$2.88$2.97$2.06$1.85$2.37$0.65$1.49$2.11$2.14
Avg Forecast$3.42$3.70$3.44$3.01$3.18$3.44$3.22$2.82$2.95$3.18$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$3.54$3.83$3.56$3.12$3.30$3.56$3.33$2.92$3.05$3.31$3.18$2.81$2.86$3.27$2.88$2.42$2.54$2.67$2.47$2.23$2.40$2.53$2.17$1.86$1.82$1.96$0.76$1.62$2.02$2.27
Low Forecast$3.31$3.59$3.34$2.92$3.09$3.34$3.12$2.73$2.86$3.01$2.98$2.63$2.77$2.90$2.70$2.26$2.38$2.50$2.47$1.99$2.14$2.26$1.94$1.67$1.63$1.75$0.68$1.45$1.80$2.03
Surprise %-------------1.06%1.13%1.06%1.06%1.05%-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
YUMCYum China$34.90$68.7296.91%Buy
JACKJack in the Box$44.41$77.5074.51%Buy
PZZAPapa John's$49.60$82.8967.12%Buy
WENWendy's Company$17.57$23.1131.53%Buy
DPZDomino's Pizza$402.52$492.7522.42%Buy
BROSDutch Bros$34.01$40.6719.58%Buy
QSRRestaurant Brands$69.18$78.3213.21%Buy
SBUXStarbucks$98.57$106.708.25%Buy
YUMYum! Brands$133.65$144.588.18%Buy
MCDMcDonald's$296.53$312.885.51%Buy
SHAKShake Shack$102.05$101.71-0.33%Hold
DRIDarden Restaurants$160.25$159.00-0.78%Buy
CMGChipotle Mexican Grill$56.12$55.52-1.07%Buy
WINGWingstop$394.81$297.53-24.64%Hold

MCD Forecast FAQ


Yes, according to 32 Wall Street analysts, McDonald's (MCD) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 26 'Buy' recommendations, accounting for 81.25% of MCD's total ratings.

McDonald's (MCD) average price target is $312.88 with a range of $257 to $612, implying a 5.51% from its last price of $296.53. The data is based on 32 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for MCD stock, the company can go up by 5.51% (from the last price of $296.53 to the average price target of $312.88), up by 106.39% based on the highest stock price target, and down by -13.33% based on the lowest stock price target.

MCD's highest twelve months analyst stock price target of $612 supports the claim that McDonald's can reach $400 in the near future.

1 Wall Street analyst forecast a $301 price target for McDonald's (MCD) this month, up 1.51% from its last price of $296.53. Compared to the last 3 and 12 months, the average price target decreased by -1.29% and increased by 6.74%, respectively.

McDonald's's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $27.3B (high $28.05B, low $26.66B), average EBITDA is $11.85B (high $12.18B, low $11.58B), average net income is $9.14B (high $9.47B, low $8.86B), average SG&A $2.88B (high $2.96B, low $2.82B), and average EPS is $12.66 (high $13.11, low $12.28). MCD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $28.64B (high $29.43B, low $27.97B), average EBITDA is $12.44B (high $12.78B, low $12.15B), average net income is $9.8B (high $10.15B, low $9.5B), average SG&A $3.02B (high $3.11B, low $2.95B), and average EPS is $13.57 (high $14.05, low $13.15).

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, missing the average prediction of $10.53B by -1.66%. The company's net income was $6.18B, missing the average estimation of $6.69B by -7.65%. Apple's SG&A was $2.49B, beating the average forecast of $2.31B by 7.79%. 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, beating the average prediction of $2.85B by 17.94%. McDonald's's net income was $2.32B, beating the average estimation of $2.17B by 6.93%. 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%