▼ -19.22% Downside Potential
This price target is based on 14 analysts offering 12 month price targets for Macy's in the last 3 months. The average price target is $8.77, with a high forecast of $22.00 and a low forecast of $3.00. The average price target represents a -19.22% upside from the last price of $10.86.
The current consensus among 14 polled investment analysts is to sell stock in Macy's. This rating has held steady since March 2020, when it changed from a Hold consensus rating.
Macy's, Inc., an omnichannel retail organization, operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids; cosmetics; home furnishings; and other consumer goods. As of February 1, 2020, the company operated 775 store locations in 43 states, the District of Columbia, Puerto Rico, and Guam. It also operates in Dubai, the United Arab Emirates and Al Zahra, Kuwait under the license agreements. The company was formerly known as Federated Department Stores, Inc. and changed its name to Macy's, Inc. in 2007. Macy's, Inc. was founded in 1830 and is based in New York, New York.