McDonald's (MCD) Stock Forecast & Price Target

$314.65

-0.24 (-0.08%)

(As of 10/22/2024 ET)

McDonald's - 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

Moderate Buy

Based on 30 Analyst Ratings

Sell
0

Hold
9

Buy
21

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, 9 have given a hold rating, and 21 have given a buy rating for MCD.

Consensus Price Target

$319.52
1.55% Upside

According to the 30 analysts' twelve-month price targets for McDonald's, the average price target is $319.52. The highest price target for MCD is $360.00, while the lowest price target for MCD is $265.00. The average price target represents a forecasted upside of 1.55% from the current price of $314.65.

MCD Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	21 Buy rating(s)	19 Buy rating(s)	19 Buy rating(s)	24 Buy rating(s)
Hold	9 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$319.52	$306.11	$308.57	$318.67
Forecasted Upside	1.55% Upside	2.36% Upside	22.74% Upside	23.86% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	S&P 500
Consensus Rating Score	2.70	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	1.55% Upside	35.53% Upside	7.91% Upside
News Sentiment Rating	Neutral News See Recent MCD News	Neutral 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
10/22/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$300.00 ➝ $325.00	+3.56%
10/21/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$308.00 ➝ $322.00	+2.14%
10/21/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$285.00 ➝ $350.00	+10.73%
10/18/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy
10/16/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Charles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Hold ➝ Hold	$280.00 ➝ $300.00	-4.09%
10/15/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$295.00 ➝ $350.00	+12.96%
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10/15/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$320.00 ➝ $340.00	+9.73%
10/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$296.00 ➝ $340.00	+9.66%
10/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$305.00 ➝ $345.00	+13.55%
10/8/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Staszak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
10/7/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$305.00 ➝ $330.00	+9.11%
10/2/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$301.00 ➝ $317.00	+4.49%
9/26/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$280.00 ➝ $320.00	+6.48%
9/24/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$284.00 ➝ $325.00	+7.88%
9/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$270.00 ➝ $290.00	-2.09%
9/9/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$310.00 ➝ $330.00	+13.41%
9/3/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	I. Feinseth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$355.00 ➝ $360.00	+26.09%
8/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$280.00 ➝ $290.00	+4.96%
7/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$295.00 ➝ $290.00	+9.63%
7/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$330.00 ➝ $315.00	+20.47%
7/29/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$295.00 ➝ $295.00	+17.06%
7/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$285.00 ➝ $265.00	+3.00%
4/3/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
2/6/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$340.00 ➝ $335.00	+18.26%
2/6/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
2/5/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$320.00	+11.98%
1/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Market Perform
12/20/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$317.00	+9.04%
12/11/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$273.00 ➝ $299.00	+3.65%
10/31/2023	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$300.00	+15.32%
4/26/2023	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$320.00 ➝ $325.00	+11.95%
4/26/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$300.00 ➝ $320.00	+9.77%
4/10/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$321.00	+13.47%
10/28/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$280.00 ➝ $293.00	+10.52%
10/28/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$280.00 ➝ $293.00	+10.52%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:29 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 Friday, October 11, 2024. 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.:

McDonald's Co. stock price is currently at $304.37, showing stability and potential for growth in the market.
Strong institutional investor ownership at 70.29% indicates confidence in the company's performance and future prospects.
Consistent dividend payments over time provide investors with a reliable income stream.
Positive analyst ratings and price target increases suggest a favorable outlook for McDonald's Co. in the market.
Global presence and brand recognition offer stability and growth opportunities in various markets.

McDonald's
Bear Case

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

Increasing competition in the fast-food industry may impact McDonald's Co.'s market share and profitability.
Potential challenges in adapting to changing consumer preferences and health trends could affect sales and brand perception.
Economic downturns or global crises may lead to reduced consumer spending on dining out, impacting McDonald's Co.'s revenue.
Dependency on franchise operations introduces risks related to franchisee performance and operational consistency.
Environmental and sustainability concerns could pressure McDonald's Co. to invest in costly initiatives to meet evolving standards.

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 $319.52, with a high forecast of $360.00 and a low forecast of $265.00.
: 30 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for McDonald's in the last twelve months. There are currently 9 hold ratings and 21 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 1.55% based on their 12-month stock forecasts.
: Over the previous 90 days, McDonald's's stock had 1 upgrade and 1 downgrade by analysts.
: McDonald's has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, Citigroup, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, Jefferies Financial Group, JPMorgan Chase & Co., KeyCorp, Loop Capital, Morgan Stanley, Robert W. Baird, TD Cowen, The Goldman Sachs Group, Tigress Financial, Truist Financial, UBS Group, Wedbush, 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 10/23/2024 by MarketBeat.com Staff

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McDonald's (MCD) Stock Forecast & Price Target