McDonald's (MCD) Stock Forecast & Price Target

Q: What analysts cover McDonald's?

McDonald's has been rated by research analysts at Barclays , BTIG Research , Cfra, Citigroup , Deutsche Bank Aktiengesellschaft , Evercore , JPMorgan Chase & Co. , KeyCorp , Mizuho , Morgan Stanley , Piper Sandler , Robert W. Baird , Royal Bank Of Canada , Sanford C. Bernstein , TD Cowen , Tigress Financial , UBS Group , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$268.35 +3.12 (+1.17%)

Closing price 03:59 PM Eastern

Extended Trading

$268.40 +0.06 (+0.02%)

As of 07:58 PM Eastern

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McDonald's - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 27 Analyst Ratings

Sell
0

Hold
12

Buy
15

Based on 27 Wall Street analysts who have issued ratings for McDonald's in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 12 have given a hold rating, and 15 have given a buy rating for MCD.

Consensus Price Target

$330.36
23.11% Upside

According to the 27 analysts' twelve-month price targets for McDonald's, the average price target is $330.36. The highest price target for MCD is $390.00, while the lowest price target for MCD is $286.00. The average price target represents a forecasted upside of 23.11% from the current price of $268.35.

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.

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MCD Analyst Ratings Over Time

Type	Current Forecast 8/4/25 to 8/4/26	1 Month Ago 7/5/25 to 7/5/26	3 Months Ago 5/6/25 to 5/6/26	1 Year Ago 8/4/24 to 8/4/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)	13 Buy rating(s)
Hold	12 Hold rating(s)	13 Hold rating(s)	15 Hold rating(s)	12 Hold rating(s)
Sell	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$330.36	$335.70	$340.93	$323.39
Forecasted Upside	23.11% Upside	19.69% Upside	20.17% Upside	6.24% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

MCD 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.

MCD 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.

McDonald's Stock vs. The Competition

Type	McDonald's	Consumer Discretionary Companies	Broader Market
Consensus Rating Score	2.56	2.21	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	23.11% Upside	131.18% Upside	11.16% Upside
News Sentiment Rating	Positive News See Recent MCD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/31/2026	Mizuho 3 of 5 stars	Nick Setyan Not Rated	Lower Target	Neutral	$300.00 ➝ $290.00	+7.33%
7/28/2026	Royal Bank Of Canada 2 of 5 stars	Logan Reich 1 of 5 stars	Reiterated Rating	Sector Perform
7/27/2026	UBS Group 4 of 5 stars	Dennis Geiger 1 of 5 stars	Lower Target	Buy	$365.00 ➝ $340.00	+28.57%
7/24/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Peter Saleh Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$370.00 ➝ $350.00	+33.23%
7/23/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$320.00	+21.46%
7/17/2026	Tigress Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Ivan Feinseth Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$385.00 ➝ $390.00	+45.67%
7/16/2026	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Zachary Fadem Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$320.00 ➝ $300.00	+13.26%
7/15/2026	KeyCorp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christopher Carril Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Overweight
7/15/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Harbour Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Equal Weight	$331.00 ➝ $322.00	+20.39%
7/15/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jon Tower Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$375.00 ➝ $335.00	+25.03%
Get the Latest News and Ratings for MCD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for McDonald's and its competitors with MarketBeat's FREE daily newsletter.
7/9/2026	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$325.00	+18.08%
6/23/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Hold (C+) ➝ Hold (C)
6/22/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Market Perform
6/12/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew M. Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold
5/11/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Ivankoe Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$325.00 ➝ $305.00	+11.39%
5/8/2026	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Buy
5/8/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jeffrey Bernstein Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$380.00 ➝ $350.00	+24.82%
5/7/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$305.00	+7.44%
4/27/2026	Erste Group Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/23/2026	Rothschild & Co Redburn Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Luyckx Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Sell ➝ Neutral	$260.00 ➝ $306.00	+1.94%
2/13/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Staszak Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Buy	$380.00	+14.53%
2/13/2026	Guggenheim Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Gregory Francfort Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$325.00 ➝ $320.00	-3.55%
2/12/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andy Barish Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$360.00 ➝ $375.00	+15.98%
2/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Mullan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$323.00 ➝ $325.00	+0.52%
2/12/2026	Truist Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jake Bartlett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$356.00 ➝ $370.00	+14.81%
1/6/2026	Oppenheimer Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brian Bittner Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$355.00	+17.30%
11/6/2025	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Strelzik Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Outperform
8/22/2025	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris O'Cull Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Hold	$300.00 ➝ $315.00	+0.59%
7/18/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sara Senatore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$327.00 ➝ $322.00	+7.46%
7/14/2025	Melius Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Initiated Coverage	Sell	$250.00	-16.61%
7/10/2025	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Christine Cho Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$345.00	+17.61%
6/6/2025	Loop Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alton Stump Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Hold	$346.00 ➝ $315.00	+2.02%
6/5/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Agnes Lim Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Hold	$305.00	-2.15%
5/6/2025	Northcoast Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jim Sanderson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Buy ➝ Neutral
2/11/2025	Wedbush Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Nick Setyan Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$320.00 ➝ $330.00	+7.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:28 PM ET.

Should I Buy McDonald's Stock? MCD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, August 4, 2026. Please send any questions or comments about these McDonald's pros and cons to contact@marketbeat.com.

McDonald's
Bull Case

Here are some ways that investors could benefit from investing in McDonald's Co.:

The company recently reported earnings per share of $2.83, surpassing analysts' expectations, indicating strong financial performance.
McDonald's Co. has shown a year-over-year revenue increase of 9.4%, reflecting growth and resilience in its business model.
The current stock price is around $210, which may present a favorable entry point for potential investors.
With a dividend yield of 2.8% and a quarterly dividend of $1.86 per share, investors can benefit from regular income in addition to potential capital appreciation.
Institutional investors hold a significant portion of the company's stock, which often indicates confidence in the company's long-term prospects.

McDonald's
Bear Case

Investors should be bearish about investing in McDonald's Co. for these reasons:

The company has reported a negative return on equity of 442.10%, which may raise concerns about its profitability and efficiency in generating returns for shareholders.
Despite revenue growth, the competitive landscape in the fast-food industry remains intense, which could impact future performance.
The dividend payout ratio is currently at 61.34%, suggesting that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment in growth opportunities.
Market volatility and economic uncertainties could affect consumer spending in the fast-food sector, impacting McDonald's sales.
Recent trends in health consciousness among consumers may challenge the traditional fast-food model, requiring McDonald's to adapt its menu and marketing strategies.

MCD Forecast - Frequently Asked Questions

According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for McDonald's is $330.36, with a high forecast of $390.00 and a low forecast of $286.00.

27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McDonald's in the last year. There are currently 12 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MCD shares.

According to analysts, McDonald's's stock has a predicted upside of 23.11% based on their 12-month stock forecasts.

Over the previous 90 days, McDonald's's stock had 2 downgrades and 1 upgrade by analysts.

McDonald's has been rated by research analysts at Barclays, BTIG Research, Cfra, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore, JPMorgan Chase & Co., KeyCorp, Mizuho, Morgan Stanley, Piper Sandler, Robert W. Baird, Royal Bank Of Canada, Sanford C. Bernstein, TD Cowen, Tigress Financial, UBS Group, Weiss Ratings, and Wells Fargo & Company in the past 90 days.

Analysts like McDonald's more than other "consumer discretionary" companies. The consensus rating for McDonald's is Moderate Buy while the average consensus rating for "consumer discretionary" companies is Hold. Learn more on how MCD compares to other companies.

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This page (NYSE:MCD) was last updated on 8/4/2026 by MarketBeat.com Staff.

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McDonald's (MCD) Stock Forecast & Price Target