- McDonald's stock climbs 2% amid broader market downturn as investors seek safe havens.
- Analysts forecast a 10.16% upside for McDonald's stock with an average price target of $330.59.
- The company's resilient performance amidst economic pressures earns it an "Outperform" rating.
During a significant market downturn, investors are turning their attention to defensive assets like McDonald's Corporation (MCD, Financial), whose shares have risen by 2%. The enduring demand for the fast-food behemoth, even when faced with inflationary challenges, boosts its status as a reliable safe haven. This resilience makes McDonald's a standout in a time of widespread market volatility.
Wall Street Analysts Forecast
Analyst projections are optimistic for McDonald's Corp (MCD, Financial), with 31 analysts setting an average price target of $330.59 over the next year. These estimates range from a high of $360.00 to a low of $280.00, suggesting a potential upside of 10.16% from the current share price of $300.11. For more comprehensive estimate data, visit the McDonald's Corp (MCD) Forecast page.
McDonald's Corp (MCD, Financial) is earning favorable views from the investment community, with 39 brokerage firms assigning it an average brokerage recommendation of 2.1. This "Outperform" rating sits on a scale from 1 to 5, where 1 is a Strong Buy, and 5 is a Sell.
According to GuruFocus metrics, the GF Value for McDonald's Corp (MCD, Financial) is estimated to be $309.52 in the coming year. This suggests a modest upside of 3.14% from its current price of $300.11. GF Value represents GuruFocus' assessment of what the stock should be traded at, derived from its historical trading multiples, past growth, and future business performance estimates. For detailed insights, refer to the McDonald's Corp (MCD) Summary page.
