Macy's (M) Stock Forecast & Price Target

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$18.60

-0.44 (-2.31%)

(As of 03:27 PM ET)

Macy's Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 9 Analyst Ratings

Analysts' Consensus Price Target

$17.45
-6.16% Downside

High Forecast	$25.00
Average Forecast	$17.45
Low Forecast	$10.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Hold	Hold	Reduce	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)	5 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$17.45	$17.45	$15.09	$23.83
Predicted Upside	-6.16% Downside	5.71% Upside	1.25% Upside	20.33% Upside

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M Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

M Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Macy's Stock vs. The Competition

Type	Macy's	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.00	2.41	2.49
Consensus Rating	Hold	Hold	Hold
Predicted Upside	-6.46% Downside	54.91% Upside	12.09% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/28/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform ➝ Market Perform	$21.00	+5.82%
3/18/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$23.00 ➝ $25.00	+18.54%
2/29/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform	$23.00 ➝ $20.00	+8.58%
2/28/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$21.00 ➝ $20.00	+6.04%
2/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$16.00 ➝ $22.00	+15.30%
2/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$14.00 ➝ $18.00	-2.39%
Get the Latest News and Ratings for M and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Macy's and its competitors with MarketBeat's FREE daily newsletter.
11/7/2023	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Inline	$13.00	+3.67%
9/27/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$13.00	+20.04%
8/23/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sell ➝ Sell	$12.00 ➝ $10.00	-20.98%
8/23/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Underperform ➝ Underperform	$13.00 ➝ $12.00	-5.18%
6/2/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$20.00 ➝ $18.00	+30.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:46 PM ET.

M Price Target - Frequently Asked Questions

What is Macy's's consensus rating and price target?: According to the issued ratings of 9 analysts in the last year, the consensus rating for Macy's stock is Hold based on the current 2 sell ratings, 5 hold ratings and 2 buy ratings for M. The average twelve-month price prediction for Macy's is $17.45 with a high price target of $25.00 and a low price target of $10.00. Learn more on M's analyst rating history.
Do Wall Street analysts like Macy's more than its competitors?: Analysts like Macy's less than other Retail/Wholesale companies. The consensus rating score for Macy's is 2.00 while the average consensus rating score for retail/wholesale companies is 2.41. Learn more on how M compares to other companies.
Is Macy's being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Macy's's stock had 1 upgrade and 1 downgrade by analysts.

Does Macy's's stock price have much upside?: According to analysts, Macy's's stock has a predicted upside of 5.77% based on their 12-month stock forecasts.
What analysts cover Macy's?: Macy's has been rated by Citigroup, JPMorgan Chase & Co., Morgan Stanley, TD Cowen, Telsey Advisory Group, and The Goldman Sachs Group in the past 90 days.

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This page (NYSE:M) was last updated on 4/19/2024 by MarketBeat.com Staff

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Macy's (M) Stock Forecast & Price Target

Macy's Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

M Analyst Ratings By Month

M Price Targets by Month

Macy's Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

M Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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