Macy’s (M) stock forecast for 2023

The forecast has been updated: June 23, 2022 7:32


Macy's stock price online today

Analyst Target Price

26.84

Dividend Date

01.07.2022

Ex Dividend Date

14.06.2022

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 $26.84 target price for Macy's stock stock.

Today 200 Day Moving Average is the resistance level (25.12 $).

50 Day Moving Average is the support level (22.92 $).




M Forecast for 2023

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 27.47 26.53 30.41 12.75 %
Feb 27.93 25.84 30.73 15.91 %
Mar 26.79 24.01 28.39 15.40 %
Apr 28.80 27.23 31.49 13.53 %
May 30.46 28.49 31.86 10.57 %
Jun 31.96 29.84 36.20 17.56 %
Jul 30.71 27.16 32.18 15.58 %
Aug 30.56 26.50 32.63 18.78 %
Sep 28.22 25.77 30.04 14.21 %
Oct 28.55 26.81 30.84 13.07 %
Nov 30.06 28.48 32.51 12.42 %
Dec 32.41 30.87 34.83 11.39 %

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

5 375 779 000 $

EBITDA

3 145 000 000

PE Ratio

3.797

PEG Ratio

0.913

Dividend Per Share

0.458

Dividend Yield

0.0317

EPS

5.25

Quarterly Earnings Growth YOY

2.062

Quarterly Revenue Growth YOY

0.139

Trailing PE

3.797

Forward PE

4.715

EV To Revenue

0.434

EV To EBITDA

3.518

52 Week High

37.19

52 Week Low

15.26

50 Day Moving Average

22.92

200 Day Moving Average

25.12

Shares Outstanding

269733000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Macy's stock forecast for this year


Macy's stock forecast for Jan 2023.
Estimated Average Forecasted Macy's Price: 27.47. Negative monthly dynamics of the instrument is expected with 12.745% volatility is expected.

Pessimistic forecast: 26.53

Optimistic: 30.41


Macy's stock forecast for Feb 2023.
Estimated Average Forecasted Macy's Price: 27.93. Positive monthly dynamics of the instrument is expected with 15.914% volatility is expected.

Pessimistic forecast: 25.84

Optimistic: 30.73


Macy's stock forecast for Mar 2023.
Estimated Average Forecasted Macy's Price: 26.79. Negative monthly dynamics of the instrument is expected with 15.404% volatility is expected.

Pessimistic forecast: 24.01

Optimistic: 28.39


Macy's stock forecast for Apr 2023.
Estimated Average Forecasted Macy's Price: 28.80. Positive monthly dynamics of the instrument is expected with 13.526% volatility is expected.

Pessimistic forecast: 27.23

Optimistic: 31.49


Macy's stock forecast for May 2023.
Estimated Average Forecasted Macy's Price: 30.46. Positive monthly dynamics of the instrument is expected with 10.565% volatility is expected.

Pessimistic forecast: 28.49

Optimistic: 31.86


Macy's stock forecast for Jun 2023.
Estimated Average Forecasted Macy's Price: 31.96. Positive monthly dynamics of the instrument is expected with 17.561% volatility is expected.

Pessimistic forecast: 29.84

Optimistic: 36.20


Macy's stock forecast for Jul 2023.
Estimated Average Forecasted Macy's Price: 30.71. Negative monthly dynamics of the instrument is expected with 15.578% volatility is expected.

Pessimistic forecast: 27.16

Optimistic: 32.18


Macy's stock forecast for Aug 2023.
Estimated Average Forecasted Macy's Price: 30.56. Negative monthly dynamics of the instrument is expected with 18.783% volatility is expected.

Pessimistic forecast: 26.50

Optimistic: 32.63


Macy's stock forecast for Sep 2023.
Estimated Average Forecasted Macy's Price: 28.22. Negative monthly dynamics of the instrument is expected with 14.212% volatility is expected.

Pessimistic forecast: 25.77

Optimistic: 30.04


Macy's stock forecast for Oct 2023.
Estimated Average Forecasted Macy's Price: 28.55. Positive monthly dynamics of the instrument is expected with 13.066% volatility is expected.

Pessimistic forecast: 26.81

Optimistic: 30.84


Macy's stock forecast for Nov 2023.
Estimated Average Forecasted Macy's Price: 30.06. Positive monthly dynamics of the instrument is expected with 12.417% volatility is expected.

Pessimistic forecast: 28.48

Optimistic: 32.51


Macy's stock forecast for Dec 2023.
Estimated Average Forecasted Macy's Price: 32.41. Positive monthly dynamics of the instrument is expected with 11.388% volatility is expected.

Pessimistic forecast: 30.87

Optimistic: 34.83



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