Macy’s (M) stock forecast for 2023

The forecast has been updated: May 25, 2023 7:32


Macy's stock price online today

Analyst Target Price

22.75

Dividend Date

03.04.2023

Ex Dividend Date

14.03.2023

Last Split Factor

Last Split Date

01.01.1970

Should you buy or sell Macy's stock stock today? What is the projected target price level for 2023? How much will it cost in 2023? Macy's stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2023.

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $22.75 target price for Macy's stock stock.

Today 200 Day Moving Average is the resistance level (19.43 $).

50 Day Moving Average is the resistance level (16.87 $).




M Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jun 16.78 15.95 17.58 9.25 %
Jul 16.89 15.46 19.05 18.85 %
Aug 15.77 14.76 16.74 11.85 %
Sep 16.23 15.65 17.78 11.95 %
Oct 16.34 15.42 17.98 14.21 %
Nov 16.95 14.85 19.11 22.32 %
Dec 16.86 15.86 17.55 9.64 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Macy's stock.


Macy's overview

Macy's Address

7 WEST SEVENTH STREET, CINCINNATI, OH, US

Market Capitalization

4 022 270 000 $

EBITDA

2 303 000 000

PE Ratio

3.525

PEG Ratio

0.913

Dividend Per Share

0.63

Dividend Yield

0.0447

EPS

4.19

Quarterly Earnings Growth YOY

-0.247

Quarterly Revenue Growth YOY

-0.045

Trailing PE

3.525

Forward PE

5.18

EV To Revenue

0.457

EV To EBITDA

4.065

52 Week High

24.9

52 Week Low

14.48

50 Day Moving Average

16.87

200 Day Moving Average

19.43

Shares Outstanding

272327000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Macy's stock forecast for this year


Macy's stock forecast for Jun 2023.
Estimated Average Forecasted Macy's Price: 16.78. Positive monthly dynamics of the instrument is expected with 9.250% volatility is expected.

Pessimistic forecast: 15.95

Optimistic: 17.58


Macy's stock forecast for Jul 2023.
Estimated Average Forecasted Macy's Price: 16.89. Positive monthly dynamics of the instrument is expected with 18.847% volatility is expected.

Pessimistic forecast: 15.46

Optimistic: 19.05


Macy's stock forecast for Aug 2023.
Estimated Average Forecasted Macy's Price: 15.77. Negative monthly dynamics of the instrument is expected with 11.855% volatility is expected.

Pessimistic forecast: 14.76

Optimistic: 16.74


Macy's stock forecast for Sep 2023.
Estimated Average Forecasted Macy's Price: 16.23. Positive monthly dynamics of the instrument is expected with 11.952% volatility is expected.

Pessimistic forecast: 15.65

Optimistic: 17.78


Macy's stock forecast for Oct 2023.
Estimated Average Forecasted Macy's Price: 16.34. Positive monthly dynamics of the instrument is expected with 14.215% volatility is expected.

Pessimistic forecast: 15.42

Optimistic: 17.98


Macy's stock forecast for Nov 2023.
Estimated Average Forecasted Macy's Price: 16.95. Positive monthly dynamics of the instrument is expected with 22.315% volatility is expected.

Pessimistic forecast: 14.85

Optimistic: 19.11


Macy's stock forecast for Dec 2023.
Estimated Average Forecasted Macy's Price: 16.86. Negative monthly dynamics of the instrument is expected with 9.637% volatility is expected.

Pessimistic forecast: 15.86

Optimistic: 17.55



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