McDonald's (MCD) Stock Forecast & Price Target

$291.96

-0.07 (-0.02%)

(As of 11:58 AM 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 29 Analyst Ratings

Based on 29 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 29 analysts, 10 have given a hold rating, and 19 have given a buy rating for MCD.

Consensus Price Target

$306.11
4.85% Upside

High Forecast	$360.00
Average Forecast	$306.11
Low Forecast	$265.00

According to the 29 analysts' twelve-month price targets for McDonald's, the average price target is $306.11. 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 4.85% from the current price of $291.96.

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	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	20 Buy rating(s)	20 Buy rating(s)	23 Buy rating(s)
Hold	10 Hold rating(s)	10 Hold rating(s)	9 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$306.11	$303.71	$315.14	$323.63
Forecasted Upside	4.85% Upside	13.10% Upside	15.77% Upside	12.20% Upside

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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	2.66	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.83% Upside	40.21% Upside	7.94% 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
9/16/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$270.00 ➝ $290.00	-2.09%
9/13/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$275.00 ➝ $301.00	+1.51%
9/10/2024	Loop Capital 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$342.00 ➝ $342.00	+17.44%
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%
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$300.00 ➝ $320.00	+12.22%
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.
8/2/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$280.00 ➝ $290.00	+4.96%
7/31/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Charles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$285.00 ➝ $280.00	+5.06%
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	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$310.00 ➝ $305.00	+15.30%
7/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$288.00 ➝ $278.00	+5.31%
7/30/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$300.00 ➝ $295.00	+12.82%
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%
7/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$320.00 ➝ $300.00	+14.73%
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%
7/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$312.00 ➝ $300.00	+17.60%
6/13/2024	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	Initiated Coverage	Neutral	$288.00	+13.17%
5/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$305.00 ➝ $300.00	+9.86%
4/5/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$340.00 ➝ $335.00	+25.36%
4/3/2024	Erste Group Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
3/25/2024	Argus 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%
9/7/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$310.00	+12.55%
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 Thursday at 12:15 PM ET.

MCD Forecast - Frequently Asked Questions

What is McDonald's' forecast for 2024?: According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for McDonald's is $306.11, with a high forecast of $360.00 and a low forecast of $265.00.
Should I buy or sell McDonald's stock right now?: 29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for McDonald's in the last twelve months. There are currently 10 hold ratings and 19 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MCD shares.
Does McDonald's's stock price have much upside?: According to analysts, McDonald's's stock has a predicted upside of 12.01% based on their 12-month stock forecasts.
Has McDonald's been downgraded by Wall Street analysts recently?: Over the previous 90 days, McDonald's's stock had 1 downgrade by analysts.
What analysts cover McDonald's?: McDonald's has been rated by research analysts at 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, Stifel Nicolaus, TD Cowen, Tigress Financial, Truist Financial, and Wedbush in the past 90 days.
Do Wall Street analysts like McDonald's more than its competitors?: Analysts like McDonald's more than other "retail/wholesale" companies. The consensus rating score for McDonald's is 2.66 while the average consensus rating score for "retail/wholesale" companies is 2.50. Learn more on how MCD compares to other companies.