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Macy's Inc has a consensus price target of $20.27 based on the ratings of 17 analysts. The high is $30 issued by Evercore ISI Group on August 24, 2022. The low is $9 issued by UBS on December 12, 2024. The 3 most-recent analyst ratings were released by Gordon Haskett, UBS, and Morgan Stanley on December 16, 2024, December 12, 2024, and December 12, 2024, respectively. With an average price target of $15 between Gordon Haskett, UBS, and Morgan Stanley, there's an implied -5.84% downside for Macy's Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Macy's (NYSE:M) was reported by Gordon Haskett on December 16, 2024. The analyst firm set a price target for $20.00 expecting M to rise to within 12 months (a possible 25.55% upside). 24 analyst firms have reported ratings in the last year.
The latest analyst rating for Macy's (NYSE:M) was provided by Gordon Haskett, and Macy's upgraded their buy rating.
The last upgrade for Macy's Inc happened on December 16, 2024 when Gordon Haskett raised their price target to $20. Gordon Haskett previously had a hold 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 December 16, 2024 so you should expect the next rating to be made available sometime around December 16, 2025.
While ratings are subjective and will change, the latest Macy's (M) rating was a upgraded with a price target of $0.00 to $20.00. The current price Macy's (M) is trading at is $15.93, which is within the analyst’s predicted range.
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