Macy's Stock Forecast

Stock Price Forecast

The 10 analysts with 12-month price forecasts for Macy's stock have an average target of 19.8, with a low estimate of 8.00 and a high estimate of 26. The average target predicts a decrease of -13.35% from the current stock price of 22.85.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$8.00	$19.8	$21	$26
Change	-64.99%	-13.35%	-8.10%	+13.79%

Analyst Ratings

The average analyst rating for Macy's stock from 11 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	1	1	2	2	2	2
Buy	0	0	0	0	0	0
Hold	7	7	7	7	7	8
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	9	9	10	10	10	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Brooke Roach Goldman Sachs	Goldman Sachs	Hold Maintains $17 → $22	Hold	Maintains	$17 → $22	-3.72%	Dec 5, 2025
Michael Binetti Evercore ISI Group	Evercore ISI Group	Hold Maintains $14 → $21	Hold	Maintains	$14 → $21	-8.10%	Dec 5, 2025
Alex Straton Morgan Stanley	Morgan Stanley	Hold Maintains $20 → $21	Hold	Maintains	$20 → $21	-8.10%	Dec 5, 2025
Ashley Helgans Jefferies	Jefferies	Strong Buy Maintains $19 → $26	Strong Buy	Maintains	$19 → $26	+13.79%	Dec 4, 2025
Paul Lejuez Citigroup	Citigroup	Hold Maintains $19 → $24	Hold	Maintains	$19 → $24	+5.03%	Dec 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

21.89B

from 23.01B

-4.85%

from 23.01B

Revenue Next Year

21.48B

from 21.89B

-1.89%

from 21.89B

EPS This Year

1.97

from 2.07

-4.59%

from 2.07

EPS Next Year

2.06

from 1.97

4.29%

from 1.97

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	21.89B	21.48B
Revenue Growth	-28.56%	40.35%	0.20%	-6.22%	-3.60%	-4.85%	-1.89%
EPS	-12.68	4.55	4.08	0.16	2.07	1.97	2.06
EPS Growth	-	-	-10.33%	-96.08%	1,193.75%	-4.59%	4.29%
Forward PE	-	-	-	-	-	11.57	11.09
No. Analysts	-	-	-	-	-	15	15

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

Revenue Forecast

Revenue	2026	2027
High	23.4B	23.4B
Avg	21.9B	21.5B
Low	20.5B	18.9B

Revenue Growth

Revenue Growth	2026	2027
High	1.9%	6.9%
Avg	-4.8%	-1.9%
Low	-11.1%	-13.9%

EPS Forecast

EPS	2026	2027
High	2.34	2.46
Avg	1.97	2.06
Low	1.32	1.42

EPS Growth

EPS Growth	2026	2027
High	13.1%	24.4%
Avg	-4.6%	4.3%
Low	-36.1%	-28.1%

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.