Citi has adjusted its price target for Macy's (M, Financial), reducing it from $14 to $11, while maintaining a Neutral rating on the retail giant's shares. This decision reflects the company's ongoing struggle with increased costs, primarily due to tariffs, coupled with the pressures of a slowing macroeconomic environment.
The downward revision underscores the challenges Macy's faces as it navigates these external economic factors, which are impacting sales and profitability. Citi's analysis highlights concerns about the retailer's ability to manage these rising costs and the weakening consumer demand, which together contribute to a more cautious outlook.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Macy's Inc (M, Financial) is $13.44 with a high estimate of $17.00 and a low estimate of $6.00. The average target implies an upside of 22.11% from the current price of $11.01. More detailed estimate data can be found on the Macy's Inc (M) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Macy's Inc's (M, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Macy's Inc (M, Financial) in one year is $15.36, suggesting a upside of 39.51% from the current price of $11.01. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Macy's Inc (M) Summary page.
