Bank of America's analyst, Sara Senatore, has revised her price target for McDonald's (MCD, Financial), adjusting it to $312 from a previous $316. The decision to modify the target reflects a broader analysis of over 20 companies within the firm's restaurant sector coverage. This adjustment is part of BofA's first-quarter preview, which involves refining estimates and aligning price targets with current market multiples.
Despite the revision in the price target, BofA maintains its Neutral rating on McDonald's shares. The firm continues to fine-tune its evaluations to better reflect updated projections and market conditions for the group.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for McDonald's Corp (MCD, Financial) is $331.07 with a high estimate of $360.00 and a low estimate of $292.00. The average target implies an upside of 6.35% from the current price of $311.30. More detailed estimate data can be found on the McDonald's Corp (MCD) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, McDonald's Corp's (MCD, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" 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 McDonald's Corp (MCD, Financial) in one year is $309.66, suggesting a downside of 0.53% from the current price of $311.3. 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 McDonald's Corp (MCD) Summary page.
