Macy’s (M) stock forecast for 2024

The forecast has been updated: January 20, 2022 7:59


Macy's stock price online today

Analyst Target Price

35.37

Dividend Date

03.01.2022

Ex Dividend Date

14.12.2021

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 $35.37 target price for Macy's stock stock.

Today 200 Day Moving Average is the support level (21.82 $).

50 Day Moving Average is the resistance level (28.34 $).




M Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 41.54 36.88 44.65 17.40 %
Feb 39.00 36.88 41.65 11.46 %
Mar 36.94 34.93 39.77 12.16 %
Apr 35.50 33.81 37.91 10.82 %
May 34.71 33.53 37.37 10.26 %
Jun 35.18 30.82 39.37 21.72 %
Jul 33.75 30.54 35.18 13.21 %
Aug 29.16 25.54 30.20 15.43 %
Sep 31.69 29.96 34.97 14.32 %
Oct 29.59 27.27 31.60 13.69 %
Nov 27.98 26.50 29.83 11.16 %
Dec 29.88 27.34 32.98 17.10 %

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

7 649 326 000 $

EBITDA

2 260 000 000

PE Ratio

9.53

PEG Ratio

0.913

Dividend Per Share

0.15

Dividend Yield

0.0235

EPS

2.682

Quarterly Earnings Growth YOY

-0.535

Quarterly Revenue Growth YOY

0.351

Trailing PE

9.94

Forward PE

9.03

EV To Revenue

0.607

EV To EBITDA

5.97

52 Week High

37.72

52 Week Low

11.84

50 Day Moving Average

28.34

200 Day Moving Average

21.82

Shares Outstanding

299269000

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: 41.54. Positive monthly dynamics of the instrument is expected with 17.398% volatility is expected.

Pessimistic forecast: 36.88

Optimistic: 44.65


Macy's stock forecast for Feb 2024.
Estimated Average Forecasted Macy's Price: 39.00. Negative monthly dynamics of the instrument is expected with 11.461% volatility is expected.

Pessimistic forecast: 36.88

Optimistic: 41.65


Macy's stock forecast for Mar 2024.
Estimated Average Forecasted Macy's Price: 36.94. Negative monthly dynamics of the instrument is expected with 12.160% volatility is expected.

Pessimistic forecast: 34.93

Optimistic: 39.77


Macy's stock forecast for Apr 2024.
Estimated Average Forecasted Macy's Price: 35.50. Negative monthly dynamics of the instrument is expected with 10.824% volatility is expected.

Pessimistic forecast: 33.81

Optimistic: 37.91


Macy's stock forecast for May 2024.
Estimated Average Forecasted Macy's Price: 34.71. Negative monthly dynamics of the instrument is expected with 10.265% volatility is expected.

Pessimistic forecast: 33.53

Optimistic: 37.37


Macy's stock forecast for Jun 2024.
Estimated Average Forecasted Macy's Price: 35.18. Positive monthly dynamics of the instrument is expected with 21.725% volatility is expected.

Pessimistic forecast: 30.82

Optimistic: 39.37


Macy's stock forecast for Jul 2024.
Estimated Average Forecasted Macy's Price: 33.75. Negative monthly dynamics of the instrument is expected with 13.208% volatility is expected.

Pessimistic forecast: 30.54

Optimistic: 35.18


Macy's stock forecast for Aug 2024.
Estimated Average Forecasted Macy's Price: 29.16. Negative monthly dynamics of the instrument is expected with 15.429% volatility is expected.

Pessimistic forecast: 25.54

Optimistic: 30.20


Macy's stock forecast for Sep 2024.
Estimated Average Forecasted Macy's Price: 31.69. Positive monthly dynamics of the instrument is expected with 14.325% volatility is expected.

Pessimistic forecast: 29.96

Optimistic: 34.97


Macy's stock forecast for Oct 2024.
Estimated Average Forecasted Macy's Price: 29.59. Negative monthly dynamics of the instrument is expected with 13.689% volatility is expected.

Pessimistic forecast: 27.27

Optimistic: 31.60


Macy's stock forecast for Nov 2024.
Estimated Average Forecasted Macy's Price: 27.98. Negative monthly dynamics of the instrument is expected with 11.160% volatility is expected.

Pessimistic forecast: 26.50

Optimistic: 29.83


Macy's stock forecast for Dec 2024.
Estimated Average Forecasted Macy's Price: 29.88. Positive monthly dynamics of the instrument is expected with 17.097% volatility is expected.

Pessimistic forecast: 27.34

Optimistic: 32.98



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