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Macerich (MAC) Stock Forecast & Price Target

$16.10
-0.07 (-0.43%)
(As of 07/19/2024 ET)

Macerich - Analysts' Recommendations 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.

Consensus Rating

Based on 7 Wall Street analysts who have issued ratings for Macerich in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 7 analysts, 4 have given a sell rating, 2 have given a hold rating, and 1 has given a buy rating for MAC.

Consensus Price Target

$14.64
-9.05% Downside
High Forecast$18.00
Average Forecast$14.64
Low Forecast$11.00

According to the 7 analysts' twelve-month price targets for Macerich, the average price target is $14.64. The highest price target for MAC is $18.00, while the lowest price target for MAC is $11.00. The average price target represents a forecasted downside of -9.05% from the current price of $16.10.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Reduce
Reduce
Reduce
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
1 Hold rating(s)
Sell
4 Sell rating(s)
4 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$14.64$14.64$14.40$11.25
Forecasted Upside-9.05% Downside-2.51% Downside-7.82% Downside13.81% Upside
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MAC Analyst Recommendations 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.
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MAC 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.
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Macerich Stock vs. The Competition

TypeMacerichFinance CompaniesS&P 500
Consensus Rating Score
1.57
2.45
2.51
Consensus RatingReduceHoldModerate Buy
Predicted Upside-9.05% Downside37.78% Upside10.04% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/17/2024The Goldman Sachs Group
2 of 5 stars
 Lower TargetSell ➝ Sell$14.00 ➝ $12.50-12.16%
5/17/2024Scotiabank
5 of 5 stars
G. Mcginniss
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DowngradeSector Perform ➝ Sector Underperform$16.00 ➝ $14.00-12.96%
5/1/2024Compass Point
4 of 5 stars
 Lower TargetBuy ➝ Buy$20.00 ➝ $18.00+32.16%
5/1/2024Mizuho
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 Lower TargetUnderperform ➝ Underperform$17.00 ➝ $14.00+5.18%
5/1/2024Piper Sandler
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 DowngradeNeutral ➝ Underweight$17.00 ➝ $11.00-20.15%
3/25/2024Truist Financial
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 Reiterated RatingHold ➝ Hold$16.00-5.21%
3/22/2024Citigroup
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 UpgradeSell ➝ Neutral$8.00 ➝ $17.00-1.39%
6/29/202322nd Century Group
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 Reiterated RatingMaintains
5/17/2023VNET Group
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 Reiterated RatingMaintains
12/5/2022Deutsche Bank Aktiengesellschaft
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 Boost Target$13.00 ➝ $16.00+27.80%
9/27/2022Evercore ISI
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 Lower TargetIn-Line$13.00 ➝ $11.00+42.30%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:05 PM ET.

MAC Forecast - Frequently Asked Questions

What is Macerich's forecast for 2024?

According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Macerich is $14.64, with a high forecast of $18.00 and a low forecast of $11.00.

Should I buy or sell Macerich stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Macerich in the last twelve months. There are currently 4 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" MAC shares.

Does Macerich's stock price have much downside?

According to analysts, Macerich's stock has a predicted downside of -2.51% based on their 12-month stock forecasts.

Has Macerich been downgraded by Wall Street analysts recently?

Over the previous 90 days, Macerich's stock had 2 downgrades by analysts.

What analysts cover Macerich?

Macerich has been rated by research analysts at Compass Point, Mizuho, Piper Sandler, Scotiabank, and The Goldman Sachs Group in the past 90 days.

Do Wall Street analysts like Macerich more than its competitors?

Analysts like Macerich less than other "finance" companies. The consensus rating for Macerich is Reduce while the average consensus rating for "finance" companies is Hold. Learn more on how MAC compares to other companies.


This page (NYSE:MAC) was last updated on 7/20/2024 by MarketBeat.com Staff

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