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

OverviewRevenueOwnershipFinancialsChartTranscripts

MCD Stock Forecast

McDonald's stock forecast is as follows: an average price target of $314.17 (represents a 7.34% upside from MCD’s last price of $292.68) 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 $314.17 based on 1-year price targets from 33 Wall Street analysts in the past 3 months, with a price target range of $345.00 to $257.00. This represents a potential 7.34% upside from MCD's last price of $292.68.

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%14.46%
Oct 29, 2024Jake BartlettTruist Financial$342.00$295.0015.93%16.85%
Oct 29, 2024David TarantinoRobert W. Baird$290.00$296.79-2.29%-0.92%
Oct 23, 2024Nick SetyanWedbush$295.00$297.62-0.88%0.79%
Oct 23, 2024Christine ChoGoldman Sachs$325.00$314.693.28%11.04%
Oct 23, 2024Gregory FrancfortGuggenheim$285.00$314.69-9.43%-2.62%
Oct 23, 2024David PalmerEvercore ISI$340.00$314.698.04%16.17%
Oct 21, 2024Sara SenatoreBank of America Securities$322.00$316.561.72%10.02%
Oct 15, 2024Brian HarbourMorgan Stanley$340.00$313.348.51%16.17%
Oct 09, 2024Dennis GeigerUBS$345.00$301.9014.28%17.88%
Oct 07, 2024Eric GonzalezKeyBanc$330.00$303.768.64%12.75%
Oct 02, 2024Jon TowerCitigroup$317.00$302.984.63%8.31%
Sep 13, 2024Jon TowerCitigroup$301.00$292.352.96%2.84%
Jul 30, 2024Sara SenatoreBank of America Securities$278.00$264.804.99%-5.02%
Jul 30, 2024Jeffrey BernsteinBernstein$300.00$263.4913.86%2.50%
Jul 30, 2024Alton StumpLoop Capital Markets$342.00$266.4428.36%16.85%
Jul 30, 2024Andrew StrelzikBMO Capital$315.00$266.4418.23%7.63%
Jul 30, 2024Jon TowerCitigroup$275.00$261.425.19%-6.04%
Jul 30, 2024Eric GonzalezKeyBanc$305.00$261.4216.67%4.21%
Jul 30, 2024Jon TowerWells Fargo$285.00$261.429.02%-2.62%
Jul 29, 2024Andy BarishJefferies$310.00$262.5618.07%5.92%
Jul 29, 2024Jake BartlettTruist Financial$295.00$261.4212.85%0.79%
Jul 29, 2024Chris O'CullStifel Nicolaus$257.00$262.10-1.95%-12.19%
Jul 29, 2024Jake BartlettTruist Financial$300.00$252.0019.05%2.50%
Jul 29, 2024Jon TowerCitigroup$280.00$252.0011.11%-4.33%
Jul 29, 2024Lauren SilbermanDeutsche Bank$295.00$252.0017.06%0.79%
Jul 22, 2024Chris O'CullStifel Nicolaus$265.00$257.283.00%-9.46%
Jul 02, 2024Gregory FrancfortGuggenheim$280.00$249.9912.00%-4.33%
Jun 13, 2024Christine ChoGoldman Sachs$306.00$126.18142.51%4.55%
Jun 13, 2024Thomas ForteMaxim Group$222.50$126.1876.34%-23.98%
Jun 13, 2024Christine ChoGoldman Sachs$288.00$254.4813.17%-1.60%
May 31, 2024Eric GonzalezLoop Capital Markets$310.00$252.0722.98%5.92%
May 02, 2024Jake BartlettTruist Financial$320.00$274.4316.61%9.33%
May 01, 2024Andrew StrelzikBMO Capital$330.00$272.0721.29%12.75%
Apr 30, 2024Chris O'CullStifel Nicolaus$285.00$273.044.38%-2.62%
Apr 12, 2024Brian HarbourMorgan Stanley$320.00$266.8019.94%9.33%
Apr 11, 2024Chris O'CullStifel Nicolaus$300.00$268.6711.66%2.50%
Apr 09, 2024Aisling GrueningerPiper Sandler$299.00$267.5611.75%2.16%
Apr 05, 2024Dennis GeigerUBS$335.00$270.0924.03%14.46%
Feb 06, 2024Jake BartlettTruist Financial$340.00$283.4619.95%16.17%
Feb 05, 2024Joshua LongStephens$320.00$285.9411.91%9.33%
Oct 31, 2023Christopher CarrilRBC Capital$315.00$262.1720.15%7.63%
Oct 31, 2023Nick SetyanWedbush$310.00$262.1718.24%5.92%
Jul 28, 2023Nick SetyanWedbush$330.00$294.0312.23%12.75%
Jul 28, 2023Joshua LongStephens$325.00$294.0310.53%11.04%
Apr 13, 2023Brian BittnerOppenheimer$315.00$288.559.17%7.63%
Feb 03, 2023RBC Capital$283.00$263.757.30%-3.31%
Feb 01, 2023Credit Suisse$300.00$267.2312.26%2.50%
Feb 01, 2023Truist Financial$292.00$267.409.20%-0.23%
Feb 01, 2023Jon TowerCitigroup$266.29$267.40-0.42%-9.02%
Feb 01, 2023Citigroup$277.00$267.403.59%-5.36%
Jan 05, 2023Barclays$310.00$264.3917.25%5.92%
Dec 21, 2022Jefferies$315.00$267.2517.87%7.63%
Sep 27, 2022Citigroup$246.00$243.760.92%-15.95%
Sep 08, 2022Bernstein$267.00$258.423.32%-8.77%
Sep 07, 2022Piper Sandler$270.00$254.396.14%-7.75%
Aug 30, 2022Tigress Financial$320.00$255.1625.41%9.33%
Aug 18, 2022BMO Capital$300.00$266.8212.44%2.50%
Jul 27, 2022Credit Suisse$287.00$256.4311.92%-1.94%
Jul 27, 2022Barclays$285.00$257.0910.86%-2.62%
Jul 27, 2022Citigroup$275.00$257.096.97%-6.04%
Jul 27, 2022RBC Capital$305.00$257.0918.64%4.21%
Jul 27, 2022BMO Capital$285.00$257.0910.86%-2.62%
Jul 27, 2022Cowen & Co.$290.00$257.0912.80%-0.92%
Jul 18, 2022Morgan Stanley$285.00$254.2212.11%-2.62%
Jul 07, 2022Deutsche Bank$263.00$252.504.16%-10.14%
Jun 29, 2022Edward LewisAtlantic Equities$278.00$242.8314.48%-5.02%
Jun 09, 2022Barclays$289.00$245.6117.67%-1.26%
May 25, 2022Truist Financial$273.00$242.2112.71%-6.72%
May 16, 2022Edward LewisAtlantic Equities$245.00$243.500.62%-16.29%
May 03, 2022J.P. Morgan$275.00$242.7713.28%-6.04%
Apr 29, 2022MKM Partners$295.00$252.3116.92%0.79%
Apr 29, 2022RBC Capital$295.00$254.1916.05%0.79%
Apr 29, 2022Citigroup$273.00$254.197.40%-6.72%
Apr 25, 2022Peter SalehBTIG$280.00$250.1411.94%-4.33%
Apr 25, 2022Christopher CarrilRBC Capital$287.00$248.1615.65%-1.94%
Apr 17, 2022Jon TowerCitigroup$270.00$250.517.78%-7.75%
Apr 03, 2022Dennis GeigerUBS$290.00$249.2516.35%-0.92%
Mar 25, 2022John GlassMorgan Stanley$287.00$241.5818.80%-1.94%
Mar 17, 2022Brian BittnerOppenheimer$280.00$237.4717.91%-4.33%
Mar 08, 2022James RutherfordStephens$280.00$222.7925.68%-4.33%
Mar 08, 2022David TarantinoRobert W. Baird$283.00$222.7927.03%-3.31%
Feb 06, 2022Jeffrey BernsteinBernstein$305.00$260.0617.28%4.21%
Jan 28, 2022David PalmerEvercore ISI$300.00$254.6717.80%2.50%
Jan 28, 2022Andrew StrelzikBMO Capital$270.00$254.676.02%-7.75%
Jan 28, 2022Jeff BernsteinBarclays$305.00$254.6719.76%4.21%
Jan 28, 2022Nick SetyanWedbush$270.00$254.676.02%-7.75%
Jan 28, 2022Lauren SilbermanCredit Suisse$285.00$254.6711.91%-2.62%
Jan 27, 2022Christopher CarrilRBC Capital$303.00$247.3622.49%3.53%
Jan 27, 2022Andy BarishJefferies$306.00$247.3623.71%4.55%
Jan 27, 2022Chris O`CullStifel Nicolaus$260.00$247.365.11%-11.17%
Jan 27, 2022Peter SalehBTIG$295.00$247.3619.26%0.79%
Jan 27, 2022Jake BartlettTruist Financial$280.00$247.3613.20%-4.33%
Jan 27, 2022Jared GarberGoldman Sachs$284.00$247.3614.81%-2.97%
Jan 26, 2022Eric GonzalezKeyBanc$285.00$248.4714.70%-2.62%
Jan 03, 2022Nicole MillerPiper Sandler$282.00$268.585.00%-3.65%
Dec 30, 2021John StaszakArgus Research$300.00$265.7312.90%2.50%
Dec 03, 2021Alton StumpLoop Capital Markets$306.00$247.9523.41%4.55%
Oct 28, 2021Brian MullanDeutsche Bank$268.00$242.8010.38%-8.43%
Oct 28, 2021Gregory FrancfortGuggenheim$275.00$242.8013.26%-6.04%
Oct 13, 2021Jon TowerWells Fargo$276.00$239.9815.01%-5.70%
Jul 20, 2021Jeff FarmerGordon Haskett Capital Corporation$260.00$230.4312.83%-11.17%

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 14.46% increase from MCD last price ($292.68).

McDonald's Price Target by Period

1M3M12M
# Anlaysts-1241
Avg Price Target-$322.17$305.48
Last Closing Price$292.68$292.68$292.68
Upside/Downside-100.00%10.08%4.37%

In the current month, the average price target of McDonald'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 McDonald's's last price of $292.68. 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
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
Oct 16, 2024Cowen & Co.HoldHoldHold
Oct 15, 2024Evercore ISIOutperformOutperformHold
Oct 15, 2024Morgan StanleyOverweightOverweightHold
Oct 09, 2024UBSBuyBuyHold
Oct 07, 2024KeyBancOverweightOverweightHold
Sep 27, 2024BTIGNeutralNeutralHold
Sep 23, 2024Cowen & Co.HoldHoldHold
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, 2024BMO CapitalOutperformOutperformHold
Jul 30, 2024BernsteinOverweightOverweightHold
Jul 30, 2024Loop Capital MarketsBuyBuyHold
Jul 30, 2024KeyBancOverweightOverweightHold
Jul 30, 2024Wells FargoOverweightOverweightHold
Jul 29, 2024JefferiesBuyBuyHold
Jul 29, 2024WedbushOutperformOutperformHold
Jul 29, 2024CitigroupNegativeNegativeHold
Jul 29, 2024Deutsche BankBuyBuyHold
Jul 29, 2024CitigroupNeutralNeutralHold
Jul 02, 2024GuggenheimBuyBuyHold
Jun 21, 2024Loop Capital MarketsBuyBuyHold
Jun 13, 2024Goldman SachsNeutralBuyInitialise
Jun 13, 2024Maxim GroupBuyInitialise
Jun 13, 2024Goldman SachsNeutralInitialise
May 31, 2024KeyBancOverweightOverweightHold
May 28, 2024Bank of America SecuritiesNeutralNeutralHold
May 01, 2024BMO CapitalOutperformOutperformHold
Apr 16, 2024CitigroupNeutralNeutralHold
Apr 12, 2024Morgan StanleyOverweightOverweightHold
Apr 12, 2024Loop Capital MarketsBuyBuyHold
Apr 09, 2024Piper SandlerNeutralNeutralHold
Apr 05, 2024UBSBuyBuyHold
Feb 06, 2024WedbushOutperformOutperformHold
Feb 06, 2024OppenheimerOutperformPerformDowngrade
Feb 05, 2024Cowen & Co.OutperformOutperformHold
Feb 05, 2024StephensOverweightOverweightHold
Dec 01, 2023OppenheimerOutperformOutperformHold
Nov 30, 2023CitigroupNeutralNeutralHold
Oct 31, 2023BMO CapitalOutperformOutperformHold
Oct 31, 2023StephensOverweightOverweightHold
Oct 23, 2023BernsteinOverweightOverweightHold
Sep 22, 2023National Securities CorporationBuyBuyHold
Sep 07, 2023HSBCBuyInitialise
Sep 07, 2023Wells FargoOverweightUpgrade
Jul 28, 2023CitigroupOutperformOutperformHold
Jul 28, 2023BernsteinOverweightOverweightHold
Jul 28, 2023CitigroupNeutralNeutralHold
Jul 21, 2023NeedhamOverweightOverweightHold
Jul 14, 2023StephensOverweightOverweightHold
Apr 26, 2023Cowen & Co.OverweightOverweightHold
Apr 26, 2023WedbushOutperformOutperformHold
Apr 26, 2023BernsteinOverweightOverweightHold
Apr 26, 2023Morgan StanleyOverweightOverweightHold
Apr 25, 2023Cowen & Co.OutperformOutperformHold
Apr 13, 2023OppenheimerOutperformOutperformHold
Apr 10, 2023Northcoast ResearchBuyUpgrade
Mar 29, 2023GuggenheimBuyBuyHold
Feb 03, 2023RBC CapitalOutperformOutperformHold
Feb 01, 2023StephensOverweightOverweightHold
Feb 01, 2023CitigroupNeutralNeutralHold
Jan 31, 2023Cowen & Co.OutperformOutperformHold
Jan 05, 2023BarclaysOverweightOverweightHold
Dec 21, 2022JefferiesBuyBuyHold
Dec 01, 2022CitigroupNeutralNeutralHold
Oct 27, 2022Cowen & Co.OutperformOutperformHold
Oct 27, 2022StephensOverweightOverweightHold
Oct 11, 2022WedbushOutperformOutperformHold
Sep 27, 2022CitigroupNeutralNeutralHold
Sep 23, 2022StephensOverweightInitialise
Sep 08, 2022BernsteinOverweightMarket PerformInitialise
Sep 07, 2022Sandler O'NeillOverweightOverweightHold
Sep 07, 2022Piper SandlerOverweightOverweightHold
Aug 30, 2022Tigress FinancialBuyBuyHold
Aug 18, 2022BMO CapitalOutperformOutperformHold
Jul 27, 2022Credit SuisseOutperformOutperformHold
Jul 27, 2022Deutsche BankHoldHoldHold
Jul 27, 2022BarclaysOverweightOverweightHold
Jul 27, 2022CitigroupNeutralNeutralHold
Jul 27, 2022RBC CapitalOutperformOutperformHold
Jul 27, 2022BMO CapitalOutperformOutperformHold
Jul 27, 2022Cowen & Co.OutperformOutperformHold
Jul 18, 2022Morgan StanleyOverweightOverweightHold
Jul 07, 2022Deutsche BankBuyBuyHold
Jun 29, 2022Atlantic EquitiesHoldNeutralUpgrade
Jun 29, 2022Atlantic EquitiesHoldOverweightUpgrade
Jun 18, 2022UBSBuyBuyHold
Jun 09, 2022BarclaysOverweightOverweightHold
May 16, 2022Atlantic EquitiesHoldHoldHold
Apr 29, 2022MKM PartnersBuyBuyHold
Apr 29, 2022RBC CapitalOutperformOutperformHold
Apr 29, 2022CitigroupNeutralNeutralHold
Apr 25, 2022BTIGBuyBuyHold
Apr 25, 2022RBC CapitalBuyBuyHold
Apr 25, 2022Robert W. BairdBuyBuyHold
Apr 03, 2022UBSBuyBuyHold
Mar 25, 2022Morgan StanleyOverweightOverweightHold
Feb 21, 2022Piper SandlerOverweightOverweightHold
Feb 06, 2022BernsteinOverweightOverweightHold
Jan 03, 2022Piper SandlerOverweightUpgrade
Jun 06, 2021UBSBuyBuyHold
May 03, 2021Credit SuisseOutperformOutperformHold
Apr 19, 2021UBSBuyBuyHold
Apr 19, 2021RBC CapitalMarket OutperformMarket OutperformHold
Apr 11, 2021Atlantic EquitiesNeutralInitialise
Nov 11, 2020BMO CapitalOutperformOutperformHold
Oct 10, 2020BTIGBuyBuyHold
Oct 10, 2020JefferiesBuyBuyHold

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$6.51B$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$7.33B$7.55B$7.19B$6.68B$7.02B$7.20B$6.87B$6.38B$6.62B$6.84B$6.62B$6.16B$6.70B$6.75B$6.44B$5.71B$5.85B$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$6.97B$7.17B$6.83B$6.35B$6.67B$6.84B$6.53B$6.15B$6.28B$6.80B$6.62B$6.16B$6.32B$6.35B$6.11B$5.42B$5.55B$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$3.69B$3.80B$3.62B$3.36B$3.53B$3.62B$3.46B$3.23B$3.35B$3.51B$3.41B$2.65B$3.32B$3.38B$3.24B$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$3.77B$3.88B$3.70B$3.44B$3.61B$3.70B$3.54B$3.28B$3.41B$3.52B$3.41B$3.18B$3.45B$3.47B$3.31B$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$3.58B$3.69B$3.51B$3.26B$3.43B$3.52B$3.36B$3.16B$3.23B$3.50B$3.41B$2.12B$3.25B$3.26B$3.14B$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 $3.32B, with a high of $3.45B and a low of $3.25B. This is -1.31% 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$2.52B$2.73B$2.55B$2.22B$2.34B$2.54B$2.37B$2.06B$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$2.35B$2.55B$2.38B$2.08B$2.19B$2.37B$2.21B$1.95B$1.83B$2.30B$2.21B$1.01B$1.99B$2.08B$1.93B$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$687.73M$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$774.66M$797.41M$759.78M$705.65M$741.21M$760.61M$726.01M$673.59M$699.33M$722.23M$699.48M$805.40M$707.32M$712.60M$679.79M$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$735.73M$757.33M$721.59M$670.18M$703.96M$722.38M$689.52M$649.31M$663.47M$717.81M$699.48M$536.93M$667.33M$670.15M$645.63M$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$3.16$3.42$3.20$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$3.49$3.79$3.54$3.09$3.25$3.52$3.29$2.86$2.99$3.22$3.07$2.72$2.86$3.27$2.87$2.40$2.53$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$3.27$3.54$3.31$2.89$3.04$3.29$3.08$2.71$2.54$3.20$3.07$2.72$2.77$2.90$2.68$2.25$2.36$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
JACKJack in the Box$42.85$61.3343.13%Buy
WINGWingstop$295.84$419.0041.63%Buy
PZZAPapa John's$41.96$58.5039.42%Buy
QSRRestaurant Brands$67.48$83.0023.00%Buy
DRIDarden Restaurants$165.46$189.2114.35%Buy
WENWendy's Company$17.06$19.2212.66%Buy
SBUXStarbucks$92.09$103.3812.26%Buy
DPZDomino's Pizza$446.74$488.719.39%Buy
YUMYum! Brands$134.73$145.868.26%Buy
MCDMcDonald's$296.08$314.176.11%Buy
YUMCYum China$49.68$50.301.25%Buy
CMGChipotle Mexican Grill$64.29$63.81-0.75%Buy
SHAKShake Shack$129.19$119.00-7.89%Hold
BROSDutch Bros$52.96$41.00-22.58%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 $314.17 with a range of $257 to $345, implying a 7.34% from its last price of $292.68. 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 7.34% (from the last price of $292.68 to the average price target of $314.17), up by 17.88% based on the highest stock price target, and down by -12.19% based on the lowest stock price target.

Can McDonald's stock reach $400?

MCD's average twelve months analyst stock price target of $314.17 does not support the claim that McDonald's can reach $400 in the near future.

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 $27.47B, low $26.18B), average EBITDA is $13.85B (high $14.13B, low $13.47B), average net income is $9.05B (high $9.3B, low $8.72B), average SG&A $2.84B (high $2.9B, low $2.77B), and average EPS is $12.56 (high $12.92, low $12.12). MCD's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $28.13B (high $28.76B, low $27.31B), average EBITDA is $14.47B (high $14.79B, low $14.05B), average net income is $9.73B (high $10.01B, low $9.36B), average SG&A $2.97B (high $3.04B, low $2.88B), and average EPS is $13.51 (high $13.91, low $13).

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 $3.38B by -0.44%. 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%