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.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
03/28/2024 | M | Buy Now | Macy's | $19.82 | 5.95% | Telsey Advisory Group | Dana Telsey | $21 → $21 | Maintains | Market Perform | Get Alert |
03/11/2024 | M | Buy Now | Macy's | $19.82 | 26.14% | JP Morgan | Matthew Boss | $23 → $25 | Maintains | Overweight | Get Alert |
02/29/2024 | M | Buy Now | Macy's | $19.82 | 0.91% | TD Cowen | Adam Maeder | $23 → $20 | Downgrade | Outperform → Market Perform | Get Alert |
02/28/2024 | M | Buy Now | Macy's | $19.82 | 0.91% | Morgan Stanley | Alexandra Walvis | $21 → $20 | Maintains | Equal-Weight | Get Alert |
02/28/2024 | M | Buy Now | Macy's | $19.82 | 11% | Goldman Sachs | Brooke Roach | $16 → $22 | Maintains | Buy | Get Alert |
02/28/2024 | M | Buy Now | Macy's | $19.82 | 5.95% | Telsey Advisory Group | Dana Telsey | $15 → $21 | Maintains | Market Perform | Get Alert |
02/21/2024 | M | Buy Now | Macy's | $19.82 | -24.32% | Telsey Advisory Group | Dana Telsey | → $15 | Reiterates | Market Perform → Market Perform | Get Alert |
02/02/2024 | M | Buy Now | Macy's | $19.82 | -9.18% | Citigroup | Paul Lejuez | $14 → $18 | Upgrade | Sell → Neutral | Get Alert |
12/12/2023 | M | Buy Now | Macy's | $19.82 | -29.36% | Citigroup | Paul Lejuez | → $14 | Downgrade | Neutral → Sell | Get Alert |
11/17/2023 | M | Buy Now | Macy's | $19.82 | -4.14% | JP Morgan | Matthew Boss | $16 → $19 | Maintains | Overweight | Get Alert |
11/17/2023 | M | Buy Now | Macy's | $19.82 | -24.32% | Telsey Advisory Group | Dana Telsey | $14 → $15 | Maintains | Market Perform | Get Alert |
11/07/2023 | M | Buy Now | Macy's | $19.82 | -34.41% | Evercore ISI Group | Michael Binetti | → $13 | Initiates | → In-Line | Get Alert |
09/27/2023 | M | Buy Now | Macy's | $19.82 | -34.41% | Gordon Haskett | Chuck Grom | → $13 | Downgrade | Buy → Hold | Get Alert |
08/23/2023 | M | Buy Now | Macy's | $19.82 | -14.23% | Goldman Sachs | Brooke Roach | $23 → $17 | Maintains | Buy | Get Alert |
08/23/2023 | M | Buy Now | Macy's | $19.82 | -49.55% | UBS | Jay Sole | $12 → $10 | Maintains | Sell | Get Alert |
08/23/2023 | M | Buy Now | Macy's | $19.82 | -39.46% | B of A Securities | Lorraine Hutchinson | $13 → $12 | Maintains | Underperform | Get Alert |
08/23/2023 | M | Buy Now | Macy's | $19.82 | -34.41% | Citigroup | Paul Lejuez | $15 → $13 | Maintains | Neutral | Get Alert |
08/23/2023 | M | Buy Now | Macy's | $19.82 | -29.36% | Telsey Advisory Group | Dana Telsey | $16 → $14 | Maintains | Market Perform | Get Alert |
08/22/2023 | M | Buy Now | Macy's | $19.82 | -19.27% | Telsey Advisory Group | Dana Telsey | → $16 | Reiterates | Market Perform → Market Perform | Get Alert |
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.
The latest analyst rating for Macy's (NYSE: M) was provided by Telsey Advisory Group, and Macy's maintained their market perform rating.
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.
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.
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.
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.
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