Macy's Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Macy's stock have an average target of 20.6, with a low estimate of 8.00 and a high estimate of 27. The average target predicts an increase of 7.57% from the current stock price of 19.15.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$8.00	$20.6	$22	$27
Change	-58.22%	+7.57%	+14.88%	+40.99%

* Price targets were last updated on Jan 14, 2026.

Analyst Ratings

The average analyst rating for Macy's stock from 12 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	2	2	2	2	2	2
Buy	0	0	0	0	0	0
Hold	7	7	9	9	9	9
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	10	10	12	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Blake Anderson Jefferies	Jefferies	Strong Buy Initiates $27	Strong Buy	Initiates	$27	+40.99%	Jan 14, 2026
Ashley Helgans Jefferies	Jefferies	Strong Buy Maintains $26 → $27	Strong Buy	Maintains	$26 → $27	+40.99%	Dec 12, 2025
Simeon Siegel Guggenheim	Guggenheim	Hold Initiates n/a	Hold	Initiates	n/a	n/a	Dec 10, 2025
Brooke Roach Goldman Sachs	Goldman Sachs	Hold Maintains $17 → $22	Hold	Maintains	$17 → $22	+14.88%	Dec 5, 2025
Michael Binetti Evercore ISI Group	Evercore ISI Group	Hold Maintains $14 → $21	Hold	Maintains	$14 → $21	+9.66%	Dec 5, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

22.15B

from 23.01B

-3.73%

from 23.01B

Revenue Next Year

21.69B

from 22.15B

-2.07%

from 22.15B

EPS This Year

2.23

from 2.07

7.73%

from 2.07

EPS Next Year

2.28

from 2.23

2.28%

from 2.23

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Jan 30, 2021	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Feb 1, 2026	Feb 1, 2027
Revenue	18.10B	25.40B	25.45B	23.87B	23.01B	22.15B	21.69B
Revenue Growth	-28.56%	40.35%	0.20%	-6.22%	-3.60%	-3.73%	-2.07%
EPS	-12.68	4.55	4.08	0.16	2.07	2.23	2.28
EPS Growth	-	-	-10.33%	-96.08%	1,193.75%	7.73%	2.28%
Forward PE	-	-	-	-	-	8.59	8.40
No. Analysts	-	-	-	-	-	15	15

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	24.2B	23.6B
Avg	22.1B	21.7B
Low	20.9B	19.4B

Revenue Growth

Revenue Growth	2026	2027
High	5.0%	6.7%
Avg	-3.7%	-2.1%
Low	-9.4%	-12.4%

EPS Forecast

EPS	2026	2027
High	2.53	2.67
Avg	2.23	2.28
Low	1.91	1.91

EPS Growth

EPS Growth	2026	2027
High	22.0%	19.6%
Avg	7.7%	2.3%
Low	-7.7%	-14.3%

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.