Nordstrom (JWN) Stock Forecast & Price Target

$22.83

+0.27 (+1.20%)

(As of 02:52 PM ET)

Nordstrom - 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

Reduce
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Nordstrom in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 13 analysts, 3 have given a sell rating, 9 have given a hold rating, and 1 has given a buy rating for JWN.

Consensus Price Target

$20.23
-11.39% Downside

High Forecast	$25.00
Average Forecast	$20.23
Low Forecast	$13.00

According to the 13 analysts' twelve-month price targets for Nordstrom, the average price target is $20.23. The highest price target for JWN is $25.00, while the lowest price target for JWN is $13.00. The average price target represents a forecasted downside of -11.39% from the current price of $22.83.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
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)	1 Buy rating(s)	2 Buy rating(s)
Hold	9 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	9 Hold rating(s)
Sell	3 Sell rating(s)	5 Sell rating(s)	5 Sell rating(s)	4 Sell rating(s)
Consensus Price Target	$20.23	$17.75	$17.42	$18.40
Forecasted Upside	-11.39% Downside	-7.27% Downside	-8.47% Downside	3.79% Upside

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JWN 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.

JWN 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.

Nordstrom Stock vs. The Competition

Type	Nordstrom	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	1.85	2.50	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	-10.92% Downside	37.26% Upside	6.71% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Barclays 3 of 5 stars	P. Kearney Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$18.00 ➝ $23.00	+0.92%
8/28/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$19.00 ➝ $20.00	-8.34%
8/28/2024	TD Cowen 4 of 5 stars		Boost Target	Hold ➝ Hold	$24.00 ➝ $25.00	+14.42%
8/28/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$19.00 ➝ $21.00	-3.89%
8/28/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$20.00 ➝ $22.00	+0.69%
8/28/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$18.00 ➝ $20.00	-5.39%
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8/28/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$23.00 ➝ $24.00	+13.53%
5/31/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$17.00 ➝ $19.00	-13.04%
3/7/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$18.00 ➝ $17.00	-3.08%
3/6/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$17.00 ➝ $20.00	+7.58%
3/6/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$21.00 ➝ $20.00	-4.31%
11/28/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$14.00 ➝ $13.00	-14.25%
10/25/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$22.00 ➝ $19.00	+35.62%
8/25/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$12.00 ➝ $11.00	-34.60%
6/1/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$17.00 ➝ $19.00	+24.26%
3/8/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$23.00	+17.77%
3/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral	$17.00	-12.05%
2/3/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$22.00	+4.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:22 PM ET.

JWN Forecast - Frequently Asked Questions

What is Nordstrom's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Nordstrom is $20.23, with a high forecast of $25.00 and a low forecast of $13.00.
Should I buy or sell Nordstrom stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nordstrom in the last year. There are currently 3 sell ratings, 9 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" JWN shares.
Does Nordstrom's stock price have much upside?: According to analysts, Nordstrom's stock has a predicted upside of 0.96% based on their 12-month stock forecasts.
Has Nordstrom been upgraded by Wall Street analysts recently?: Over the previous 90 days, Nordstrom's stock had 1 upgrade by analysts.
What analysts cover Nordstrom?: Nordstrom has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, JPMorgan Chase & Co., TD Cowen, Telsey Advisory Group, and The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Nordstrom more than its competitors?: Analysts like Nordstrom less than other "retail/wholesale" companies. The consensus rating for Nordstrom is Reduce while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how JWN compares to other companies.