Analyst Coverage Change
On Wednesday January 25th, Credit Suisse’s(Rank#5) analyst Lauren Silberman, issued a report on McDonald’s stock and raised her 12 month price target forecast to $298 from $292. The analyst reiterated her “Outperform” rating on the stock, and raised her fourth quarter earnings estimates.
MCD Stock Forecast & Analysis
Based on the stock forecasts from 25 analysts, the average analyst target price for McDonald’s Corporation is USD 278.07 over the next 12 months. This suggests that the analysts on average believe that the stock price will increase by around 3% from its current level. The average analyst rating for McDonald’s Corporation is Strong Buy, which indicates that the majority of analysts believe that the stock is a good investment.
Stock Target Advisor’s analysis is Bullish, which is based on 11 positive signals and 4 negative signals. This means that the service sees more positive indicators for the stock than negative ones, indicating a general upward trend in the stock’s performance.
At the last closing, McDonald’s Corporation’s stock price was USD 269.56. The stock’s price has seen a change over the past week, month, and year. The stock price has changed by -1.66% over the past week, +0.74% over the past month and +6.29% over the last year. This suggests that the stock has been stable over the short term, but has seen an overall upward trend over the long term.
McDonald’s Corporation is a global fast-food restaurant chain that was founded in 1940 in San Bernardino, California. The company is known for its signature hamburgers, fries, and various other menu items, as well as its iconic golden arches logo. McDonald’s operates in over 100 countries and is one of the world’s largest restaurant chains by revenue. The company is also a publicly traded company with shares listed on the New York Stock Exchange under the ticker symbol “MCD”. McDonald’s business model is based on franchising, with most of its restaurants being owned and operated by franchisees. The company has faced various controversies over the years, including criticism of its food quality, labor practices, and environmental impact. Despite these challenges, McDonald’s continues to be a popular destination for fast food and a major player in the global food industry.