McDonald's Corporation (MCD)
NYSE: MCD · IEX Real-Time Price · USD
257.93
-7.84 (-2.95%)
At close: May 23, 2024, 4:00 PM
258.00
+0.07 (0.03%)
After-hours: May 23, 2024, 7:59 PM EDT
Stock Price Forecast
The 24 analysts with 12-month price forecasts for McDonald's stock have an average target of 316.29, with a low estimate of 287 and a high estimate of 355. The average target predicts an increase of 22.63% from the current stock price of 257.93.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $287 | $316.29 | $317 | $355 |
| Change | +11.27% | +22.63% | +22.90% | +37.63% |
Analyst Ratings
The average analyst rating for McDonald's stock from 28 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 10 | 10 | 9 | 9 | 10 | 10 |
| Buy | 14 | 13 | 13 | 13 | 11 | 11 |
| Hold | 3 | 4 | 5 | 6 | 7 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 27 | 27 | 27 | 28 | 28 | 28 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Cowen | TD Cowen | Strong Buy Reiterates $305 | Strong Buy | Reiterates | $305 | +18.25% | May 20, 2024 |
| Guggenheim | Guggenheim | Strong Buy Maintains $325 → $315 | Strong Buy | Maintains | $325 → $315 | +22.13% | May 2, 2024 |
| Truist Securities | Truist Securities | Strong Buy Maintains $337 → $320 | Strong Buy | Maintains | $337 → $320 | +24.06% | May 2, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $300 → $290 | Buy | Maintains | $300 → $290 | +12.43% | May 1, 2024 |
| Keybanc | Keybanc | Buy Maintains $315 → $310 | Buy | Maintains | $315 → $310 | +20.19% | May 1, 2024 |
Financial Forecast
Revenue This Year
Increased by 6.50%
from 25.49B
Revenue Next Year
28.79B
from 27.15B
Increased by 6.02%
from 27.15B
EPS This Year
12.55
from 11.56
Increased by 8.57%
from 11.56
EPS Next Year
13.69
from 12.55
Increased by 9.05%
from 12.55
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 21.36B | 19.21B | 23.22B | 23.18B | 25.49B | 27.15B | 28.79B | 30.65B | 32.92B | 34.65B |
| Revenue Growth | 0.50% | -10.09% | 20.90% | -0.17% | 9.97% | 6.50% | 6.02% | 6.47% | 7.41% | 5.27% |
| EPS | 7.88 | 6.31 | 10.04 | 8.33 | 11.56 | 12.55 | 13.69 | 14.95 | 16.76 | 18.88 |
| EPS Growth | 4.51% | -19.92% | 59.11% | -17.03% | 38.78% | 8.57% | 9.05% | 9.24% | 12.09% | 12.67% |
| No. Analysts | - | - | - | - | - | 37 | 37 | 15 | 4 | 3 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 28.8B | 30.8B | 32.7B | 34.8B | 36.6B |
| Avg | 27.2B | 28.8B | 30.6B | 32.9B | 34.7B |
| Low | 25.4B | 26.7B | 29.1B | 31.3B | 33.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.9% | 13.4% | 13.5% | 13.5% | 11.1% |
| Avg | 6.5% | 6.0% | 6.5% | 7.4% | 5.3% |
| Low | -0.5% | -1.6% | 1.0% | 2.0% | 0.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.44 | 14.91 | 16.32 | 18.28 | 20.56 |
| Avg | 12.55 | 13.69 | 14.95 | 16.76 | 18.88 |
| Low | 11.82 | 12.85 | 14.00 | 15.74 | 17.45 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 16.3% | 18.8% | 19.2% | 22.3% | 22.7% |
| Avg | 8.6% | 9.1% | 9.2% | 12.1% | 12.7% |
| Low | 2.2% | 2.4% | 2.3% | 5.3% | 4.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
