Macy’s (M) stock forecast for 2024

The forecast has been updated: March 16, 2023 7:32


Macy's stock price online today

Analyst Target Price

24.18

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 2024? How much will it cost in 2024? Macy's stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2024.

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 $24.18 target price for Macy's stock stock.

Today 200 Day Moving Average is the support level (20.13 $).

50 Day Moving Average is the resistance level (22.01 $).




M Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 17.72 16.34 19.20 14.91 %
Feb 17.87 17.27 18.85 8.38 %
Mar 15.72 13.90 17.24 19.37 %
Apr 18.09 16.65 19.79 15.86 %
May 19.23 16.98 21.46 20.88 %
Jun 20.51 18.94 21.83 13.25 %
Jul 19.92 18.76 21.34 12.06 %
Aug 18.70 17.08 21.05 18.88 %
Sep 21.81 19.10 23.96 20.27 %
Oct 22.89 19.93 23.78 16.20 %
Nov 24.40 22.66 27.39 17.27 %
Dec 24.32 22.87 25.27 9.49 %

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

5 078 736 000 $

EBITDA

2 559 000 000

PE Ratio

4.901

PEG Ratio

0.913

Dividend Per Share

0.63

Dividend Yield

0.0314

EPS

3.82

Quarterly Earnings Growth YOY

-0.247

Quarterly Revenue Growth YOY

-0.045

Trailing PE

4.901

Forward PE

5.18

EV To Revenue

0.457

EV To EBITDA

4.065

52 Week High

27.15

52 Week Low

14.86

50 Day Moving Average

22.01

200 Day Moving Average

20.13

Shares Outstanding

271300000

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 2024.
Estimated Average Forecasted Macy's Price: 17.72. Negative monthly dynamics of the instrument is expected with 14.908% volatility is expected.

Pessimistic forecast: 16.34

Optimistic: 19.20


Macy's stock forecast for Feb 2024.
Estimated Average Forecasted Macy's Price: 17.87. Positive monthly dynamics of the instrument is expected with 8.384% volatility is expected.

Pessimistic forecast: 17.27

Optimistic: 18.85


Macy's stock forecast for Mar 2024.
Estimated Average Forecasted Macy's Price: 15.72. Negative monthly dynamics of the instrument is expected with 19.373% volatility is expected.

Pessimistic forecast: 13.90

Optimistic: 17.24


Macy's stock forecast for Apr 2024.
Estimated Average Forecasted Macy's Price: 18.09. Positive monthly dynamics of the instrument is expected with 15.857% volatility is expected.

Pessimistic forecast: 16.65

Optimistic: 19.79


Macy's stock forecast for May 2024.
Estimated Average Forecasted Macy's Price: 19.23. Positive monthly dynamics of the instrument is expected with 20.877% volatility is expected.

Pessimistic forecast: 16.98

Optimistic: 21.46


Macy's stock forecast for Jun 2024.
Estimated Average Forecasted Macy's Price: 20.51. Positive monthly dynamics of the instrument is expected with 13.254% volatility is expected.

Pessimistic forecast: 18.94

Optimistic: 21.83


Macy's stock forecast for Jul 2024.
Estimated Average Forecasted Macy's Price: 19.92. Negative monthly dynamics of the instrument is expected with 12.059% volatility is expected.

Pessimistic forecast: 18.76

Optimistic: 21.34


Macy's stock forecast for Aug 2024.
Estimated Average Forecasted Macy's Price: 18.70. Negative monthly dynamics of the instrument is expected with 18.875% volatility is expected.

Pessimistic forecast: 17.08

Optimistic: 21.05


Macy's stock forecast for Sep 2024.
Estimated Average Forecasted Macy's Price: 21.81. Positive monthly dynamics of the instrument is expected with 20.271% volatility is expected.

Pessimistic forecast: 19.10

Optimistic: 23.96


Macy's stock forecast for Oct 2024.
Estimated Average Forecasted Macy's Price: 22.89. Positive monthly dynamics of the instrument is expected with 16.197% volatility is expected.

Pessimistic forecast: 19.93

Optimistic: 23.78


Macy's stock forecast for Nov 2024.
Estimated Average Forecasted Macy's Price: 24.40. Positive monthly dynamics of the instrument is expected with 17.266% volatility is expected.

Pessimistic forecast: 22.66

Optimistic: 27.39


Macy's stock forecast for Dec 2024.
Estimated Average Forecasted Macy's Price: 24.32. Negative monthly dynamics of the instrument is expected with 9.489% volatility is expected.

Pessimistic forecast: 22.87

Optimistic: 25.27



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