Macy's Stock Forecast

Stock Price Forecast

The 9 analysts with 12-month price forecasts for Macy's stock have an average target of 21.44, with a low estimate of 9.00 and a high estimate of 27. The average target predicts a decrease of -17.41% from the current stock price of 25.96.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$9.00	$21.44	$22	$27
Change	-65.33%	-17.41%	-15.25%	+4.01%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	1	1	1	1	1	1
Buy	0	0	1	1	1	0
Hold	11	11	10	9	9	10
Sell	0	0	0	0	0	0
Strong Sell	1	1	1	1	1	1
Total	13	13	13	12	12	12

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Oliver Chen TD Cowen	TD Cowen	Hold Reiterates $20 → $25	Hold	Reiterates	$20 → $25	-3.70%	Jun 22, 2026
Brooke Roach Goldman Sachs	Goldman Sachs	Hold Maintains $20 → $21	Hold	Maintains	$20 → $21	-19.11%	Jun 4, 2026
Michael Binetti Evercore ISI	Evercore ISI	Hold Maintains $19 → $22	Hold	Maintains	$19 → $22	-15.25%	Jun 4, 2026
Matthew Boss J.P. Morgan	J.P. Morgan	Hold Maintains $21 → $27	Hold	Maintains	$21 → $27	+4.01%	Jun 4, 2026
Robert Drbul BTIG	BTIG	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jun 4, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

21.66B

from 22.62B

-4.23%

from 22.62B

Revenue Next Year

21.39B

from 21.66B

-1.27%

from 21.66B

EPS This Year

2.20

from 2.32

-5.02%

from 2.32

EPS Next Year

2.31

from 2.20

4.86%

from 2.20

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2028
Period Ending	Jan 29, 2022	Jan 28, 2023	Feb 3, 2024	Feb 1, 2025	Jan 31, 2026	Jan 31, 2027	Jan 31, 2028
Revenue	25.40B	25.45B	23.87B	23.01B	22.62B	21.66B	21.39B
Revenue Growth	40.35%	0.20%	-6.22%	-3.60%	-1.67%	-4.23%	-1.27%
EPS	4.55	4.08	0.16	2.07	2.32	2.30	2.39
EPS Growth	-	-10.33%	-96.08%	1,193.75%	12.08%	-0.69%	3.73%
Forward PE	-	-	-	-	-	11.27	10.86
No. Analysts	-	-	-	-	-	8	7

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

Revenue Forecast

Revenue	2027	2028
High	21.8B	21.9B
Avg	21.7B	21.4B
Low	21.6B	20.1B

Revenue Growth

Revenue Growth	2027	2028
High	-3.8%	1.2%
Avg	-4.2%	-1.3%
Low	-4.7%	-7.3%

EPS Forecast

EPS	2027	2028
High	2.30	2.66
Avg	2.20	2.31
Low	2.05	2.05

EPS Growth

EPS Growth	2027	2028
High	-0.9%	20.7%
Avg	-5.0%	4.9%
Low	-11.6%	-7.0%

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.