Banco Macro SA has a consensus price target of $70 based on the ratings of 2 analysts. The high is $78 issued by JP Morgan on August 30, 2024. The low is $62 issued by B of A Securities on August 8, 2024. The 3 most-recent analyst ratings were released by JP Morgan, B of A Securities, and JP Morgan on August 30, 2024, August 8, 2024, and January 31, 2022, respectively. With an average price target of $50.67 between JP Morgan, B of A Securities, and JP Morgan, there's an implied -38.31% downside for Banco Macro SA from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Banco Macro (NYSE:BMA) was reported by JP Morgan on August 30, 2024. The analyst firm set a price target for $78.00 expecting BMA to fall to within 12 months (a possible -2.51% downside). 2 analyst firms have reported ratings in the last year.
The latest analyst rating for Banco Macro (NYSE:BMA) was provided by JP Morgan, and Banco Macro upgraded their neutral rating.
The last upgrade for Banco Macro SA happened on August 30, 2024 when JP Morgan raised their price target to $78. JP Morgan previously had an underweight for Banco Macro SA.
The last downgrade for Banco Macro SA happened on January 31, 2022 when JP Morgan changed their price target from $15 to $12 for Banco Macro SA.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Banco Macro, 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 Banco Macro was filed on August 30, 2024 so you should expect the next rating to be made available sometime around August 30, 2025.
While ratings are subjective and will change, the latest Banco Macro (BMA) rating was a upgraded with a price target of $14.00 to $78.00. The current price Banco Macro (BMA) is trading at is $80.01, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.