Macy's (M) stock forecast for 2024. Forecast tables and graphs.

Macy’s (M) stock forecast for 2024

The forecast has been updated: October 14, 2021 7:32


Macy's stock price online today

Analyst Target Price

23.95

Dividend Date

01.10.2021

Ex Dividend Date

14.09.2021

Last Split Factor

2:1

Last Split Date

12.06.2006

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 $23.95 target price for Macy's stock stock.

Today 200 Day Moving Average is the support level (19.04 $).

50 Day Moving Average is the support level (22.5 $).




M Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 27.61 25.50 28.83 11.56 %
Feb 25.03 21.84 28.31 22.85 %
Mar 25.75 22.60 28.86 21.69 %
Apr 25.45 24.50 28.65 14.50 %
May 24.54 22.95 26.71 14.06 %
Jun 24.33 22.26 26.28 15.27 %
Jul 25.70 22.29 27.71 19.55 %
Aug 23.86 22.56 24.67 8.55 %
Sep 23.54 20.90 25.86 19.19 %
Oct 26.70 25.06 28.47 11.96 %
Nov 26.92 23.86 30.54 21.88 %
Dec 26.42 23.19 27.63 16.09 %

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

6 975 826 000 $

EBITDA

1 998 000 000

PE Ratio

13.69

PEG Ratio

0.913

Dividend Per Share

0.15

Dividend Yield

0.0066

EPS

1.645

Quarterly Earnings Growth YOY

-0.535

Quarterly Revenue Growth YOY

0.568

Trailing PE

13.69

Forward PE

8.64

EV To Revenue

0.578

EV To EBITDA

6.6

52 Week High

25.46

52 Week Low

5.96

50 Day Moving Average

22.5

200 Day Moving Average

19.04

Shares Outstanding

309705000

Shares Float

309064000

Shares Short Prior Month

44835800

Short Ratio

3.08

Percent Insiders

0.247

Percent Institutions

89.2

Macy's stock forecast for this year


Macy's stock forecast for Jan 2024.
Estimated Average Forecasted Macy's Price: 27.61. Negative monthly dynamics of the instrument is expected with 11.559% volatility is expected.

Pessimistic forecast: 25.50

Optimistic: 28.83


Macy's stock forecast for Feb 2024.
Estimated Average Forecasted Macy's Price: 25.03. Negative monthly dynamics of the instrument is expected with 22.849% volatility is expected.

Pessimistic forecast: 21.84

Optimistic: 28.31


Macy's stock forecast for Mar 2024.
Estimated Average Forecasted Macy's Price: 25.75. Positive monthly dynamics of the instrument is expected with 21.692% volatility is expected.

Pessimistic forecast: 22.60

Optimistic: 28.86


Macy's stock forecast for Apr 2024.
Estimated Average Forecasted Macy's Price: 25.45. Negative monthly dynamics of the instrument is expected with 14.496% volatility is expected.

Pessimistic forecast: 24.50

Optimistic: 28.65


Macy's stock forecast for May 2024.
Estimated Average Forecasted Macy's Price: 24.54. Negative monthly dynamics of the instrument is expected with 14.057% volatility is expected.

Pessimistic forecast: 22.95

Optimistic: 26.71


Macy's stock forecast for Jun 2024.
Estimated Average Forecasted Macy's Price: 24.33. Negative monthly dynamics of the instrument is expected with 15.270% volatility is expected.

Pessimistic forecast: 22.26

Optimistic: 26.28


Macy's stock forecast for Jul 2024.
Estimated Average Forecasted Macy's Price: 25.70. Positive monthly dynamics of the instrument is expected with 19.551% volatility is expected.

Pessimistic forecast: 22.29

Optimistic: 27.71


Macy's stock forecast for Aug 2024.
Estimated Average Forecasted Macy's Price: 23.86. Negative monthly dynamics of the instrument is expected with 8.549% volatility is expected.

Pessimistic forecast: 22.56

Optimistic: 24.67


Macy's stock forecast for Sep 2024.
Estimated Average Forecasted Macy's Price: 23.54. Negative monthly dynamics of the instrument is expected with 19.188% volatility is expected.

Pessimistic forecast: 20.90

Optimistic: 25.86


Macy's stock forecast for Oct 2024.
Estimated Average Forecasted Macy's Price: 26.70. Positive monthly dynamics of the instrument is expected with 11.957% volatility is expected.

Pessimistic forecast: 25.06

Optimistic: 28.47


Macy's stock forecast for Nov 2024.
Estimated Average Forecasted Macy's Price: 26.92. Positive monthly dynamics of the instrument is expected with 21.882% volatility is expected.

Pessimistic forecast: 23.86

Optimistic: 30.54


Macy's stock forecast for Dec 2024.
Estimated Average Forecasted Macy's Price: 26.42. Negative monthly dynamics of the instrument is expected with 16.091% volatility is expected.

Pessimistic forecast: 23.19

Optimistic: 27.63



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