Macy's
(NYSE:M)
$19.78
-0.07[-0.35%]
Last update: 9:29AM Get Real Time Here
Consensus Rating1
Buy
Highest Price Target1
$33.00
Lowest Price Target1
$10.00
Consensus Price Target1
$20.23

Macy's Stock (NYSE:M), Analyst Ratings, Price Targets, Predictions

Macy's Inc has a consensus price target of $20.23, established from looking at the 74 latest analyst ratings. The last 3 analyst ratings were released from Telsey Advisory Group, JP Morgan, and TD Cowen on March 28, 2024, March 11, 2024, and February 29, 2024. With an average price target of $22 between Telsey Advisory Group, JP Morgan, and TD Cowen, there's an implied 11.00% upside for Macy's Inc from these 3 analyst ratings.

Analyst Rating Summary1

Analyst Ratings
Nov 23
1
1
Dec 23
1
Feb
1
5
Mar
1
1
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Telsey Advisory Group
JP Morgan
TD Cowen
Morgan Stanley
Goldman Sachs

1calculated from analyst ratings published within the last 3 years

Analyst Ratings for Macy's

date
ticker
Buy Now
Company
Current price
Upside/Downside
Analyst Firm
Analyst & % Accurate
Price Target Change
Rating Change
Previous / Current Rating
Get Alert
03/28/2024MBuy Now
Macy's
$19.825.95%Telsey Advisory Group
Dana Telsey
$21 → $21MaintainsMarket PerformGet Alert
03/11/2024MBuy Now
Macy's
$19.8226.14%JP Morgan
Matthew Boss
$23 → $25MaintainsOverweightGet Alert
02/29/2024MBuy Now
Macy's
$19.820.91%TD Cowen
Adam Maeder
$23 → $20DowngradeOutperform → Market PerformGet Alert
02/28/2024MBuy Now
Macy's
$19.820.91%Morgan Stanley
Alexandra Walvis
$21 → $20MaintainsEqual-WeightGet Alert
02/28/2024MBuy Now
Macy's
$19.8211%Goldman Sachs
Brooke Roach
$16 → $22MaintainsBuyGet Alert
02/28/2024MBuy Now
Macy's
$19.825.95%Telsey Advisory Group
Dana Telsey
$15 → $21MaintainsMarket PerformGet Alert
02/21/2024MBuy Now
Macy's
$19.82-24.32%Telsey Advisory Group
Dana Telsey
→ $15ReiteratesMarket Perform → Market PerformGet Alert
02/02/2024MBuy Now
Macy's
$19.82-9.18%Citigroup
Paul Lejuez
$14 → $18UpgradeSell → NeutralGet Alert
12/12/2023MBuy Now
Macy's
$19.82-29.36%Citigroup
Paul Lejuez
→ $14DowngradeNeutral → SellGet Alert
11/17/2023MBuy Now
Macy's
$19.82-4.14%JP Morgan
Matthew Boss
$16 → $19MaintainsOverweightGet Alert
11/17/2023MBuy Now
Macy's
$19.82-24.32%Telsey Advisory Group
Dana Telsey
$14 → $15MaintainsMarket PerformGet Alert
11/07/2023MBuy Now
Macy's
$19.82-34.41%Evercore ISI Group
Michael Binetti
→ $13Initiates → In-LineGet Alert
09/27/2023MBuy Now
Macy's
$19.82-34.41%Gordon Haskett
Chuck Grom
→ $13DowngradeBuy → HoldGet Alert
08/23/2023MBuy Now
Macy's
$19.82-14.23%Goldman Sachs
Brooke Roach
$23 → $17MaintainsBuyGet Alert
08/23/2023MBuy Now
Macy's
$19.82-49.55%UBS
Jay Sole
$12 → $10MaintainsSellGet Alert
08/23/2023MBuy Now
Macy's
$19.82-39.46%B of A Securities
Lorraine Hutchinson
$13 → $12MaintainsUnderperformGet Alert
08/23/2023MBuy Now
Macy's
$19.82-34.41%Citigroup
Paul Lejuez
$15 → $13MaintainsNeutralGet Alert
08/23/2023MBuy Now
Macy's
$19.82-29.36%Telsey Advisory Group
Dana Telsey
$16 → $14MaintainsMarket PerformGet Alert
08/22/2023MBuy Now
Macy's
$19.82-19.27%Telsey Advisory Group
Dana Telsey
→ $16ReiteratesMarket Perform → Market PerformGet Alert

FAQ

Q

What is the target price for Macy's (M)?

A

The latest price target for Macy's (NYSE: M) was reported by Telsey Advisory Group on March 28, 2024. The analyst firm set a price target for $21.00 expecting M to rise to within 12 months (a possible 6.17% upside). 31 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Macy's (M)?

A

The latest analyst rating for Macy's (NYSE: M) was provided by Telsey Advisory Group, and Macy's maintained their market perform rating.

Q

When was the last upgrade for Macy's (M)?

A

The last upgrade for Macy's Inc happened on February 2, 2024 when Citigroup raised their price target to $18. Citigroup previously had a sell for Macy's Inc.

Q

When was the last downgrade for Macy's (M)?

A

The last downgrade for Macy's Inc happened on February 29, 2024 when TD Cowen changed their price target from $23 to $20 for Macy's Inc.

Q

When is the next analyst rating going to be posted or updated for Macy's (M)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Macy's, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Macy's was filed on March 28, 2024 so you should expect the next rating to be made available sometime around March 28, 2025.

Q

Is the Analyst Rating Macy's (M) correct?

A

While ratings are subjective and will change, the latest Macy's (M) rating was a maintained with a price target of $21.00 to $21.00. The current price Macy's (M) is trading at is $19.78, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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