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, Erste Group Bank , Evercore , JPMorgan Chase & Co. , KeyCorp , Morgan Stanley , Robert W. Baird , Rothschild & Co Redburn , Royal Bank Of Canada , Sanford C. Bernstein , TD Cowen , Weiss Ratings , and Wells Fargo & Company in the past 90 days.

$264.76 -9.12 (-3.33%)

Closing price 06/25/2026 03:59 PM Eastern

Extended Trading

$265.55 +0.79 (+0.30%)

As of 06:43 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 30 Analyst Ratings

Sell
1

Hold
13

Buy
16

Based on 30 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 30 analysts, 1 has given a sell rating, 13 have given a hold rating, and 16 have given a buy rating for MCD.

Consensus Price Target

$336.26
27.00% Upside

According to the 30 analysts' twelve-month price targets for McDonald's, the average price target is $336.26. The highest price target for MCD is $385.00, while the lowest price target for MCD is $250.00. The average price target represents a forecasted upside of 27.00% from the current price of $264.76.

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 6/26/25 to 6/26/26	1 Month Ago 5/27/25 to 5/27/26	3 Months Ago 3/28/25 to 3/28/26	1 Year Ago 6/26/24 to 6/26/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	16 Buy rating(s)	17 Buy rating(s)	17 Buy rating(s)	13 Buy rating(s)
Hold	13 Hold rating(s)	14 Hold rating(s)	13 Hold rating(s)	14 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$336.26	$334.45	$339.69	$321.79
Forecasted Upside	27.00% Upside	18.98% Upside	10.93% Upside	12.60% 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	Retail/Wholesale Companies	Broader Market
Consensus Rating Score	2.50	2.15	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	27.00% Upside	63.77% Upside	15.19% 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

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
6/23/2026	Weiss Ratings 5 of 5 stars		Downgrade	Hold (C+) ➝ Hold (C)
6/23/2026	Royal Bank Of Canada 3 of 5 stars	Logan Reich 1 of 5 stars	Reiterated Rating	Sector Perform
6/22/2026	Sanford C. Bernstein 4 of 5 stars		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	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	Set Target		$331.00	+17.98%
5/8/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$350.00	+24.37%
5/8/2026	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	$355.00 ➝ $320.00	+12.73%
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%
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5/8/2026	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	Lower Target	Overweight	$345.00 ➝ $330.00	+16.25%
5/7/2026	Robert W. Baird Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target		$305.00	+7.44%
5/7/2026	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	Reiterated Rating	Buy	$370.00	+30.34%
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%
3/6/2026	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	$360.00 ➝ $385.00	+18.57%
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	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Dennis Geiger Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$350.00 ➝ $365.00	+12.89%
2/12/2026	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	Boost Target	Buy	$371.00 ➝ $375.00	+15.98%
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%
2/6/2026	Mizuho 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	Neutral	$300.00 ➝ $325.00	+0.51%
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%
7/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$295.00 ➝ $290.00	+9.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 06:43 AM 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 Thursday, June 25, 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 current stock price is around $300, reflecting strong market confidence in the company's performance.
McDonald's Co. reported earnings per share of $2.83 for the latest quarter, exceeding analysts' expectations, which indicates robust financial health.
The company has shown a year-over-year revenue increase of 9.4%, suggesting effective growth strategies and strong customer demand.
Recent menu innovations, such as the revival of the original Fried Apple Pie, are expected to enhance customer engagement and drive sales.
The dividend yield of 2.7% and a payout ratio of 61.34% indicate a commitment to returning value to shareholders, making it an attractive option for income-focused investors.

McDonald's
Bear Case

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

The company has a negative return on equity of 442.10%, which may raise concerns about its ability to generate profit from shareholders' equity.
While recent sales growth is promising, the overall market conditions and competition in the fast-food industry could pose risks to sustained performance.
McDonald's Co. is experimenting with AI in drive-thrus, which, while innovative, may lead to uncertainties regarding implementation and customer acceptance.
Analysts have mixed sentiments about the long-term impact of menu changes, which could affect future sales stability.
Potential economic downturns could impact consumer spending on dining out, which is critical for McDonald's Co.'s revenue streams.

MCD Forecast - Frequently Asked Questions

According to the research reports of 30 Wall Street equities research analysts, the average twelve-month stock price forecast for McDonald's is $336.26, with a high forecast of $385.00 and a low forecast of $250.00.

30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McDonald's in the last twelve months. There is currently 1 sell rating, 13 hold ratings and 16 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 27.00% based on their 12-month stock forecasts.

Over the previous 90 days, McDonald's's stock had 4 downgrades and 2 upgrades by analysts.

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

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

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This page (NYSE:MCD) was last updated on 6/26/2026 by MarketBeat.com Staff.

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McDonald's (MCD) Stock Forecast & Price Target