Expert Ratings For Macy's
Portfolio Pulse from Benzinga Insights
Macy's (NYSE:M) has received mixed analyst ratings over the last three months, with a recent shift towards a more neutral stance. The latest evaluations show 1 indifferent rating in the last 30 days, compared to more bullish and somewhat bullish ratings a month ago. Analysts have updated their 12-month price targets for Macy's, setting an average target of $20.25, which is a 6.58% increase from the previous target of $19.00. Key analysts from firms like JP Morgan, TD Cowen, and Goldman Sachs have adjusted their ratings and price targets, reflecting various market conditions and company performance insights. Macy's operates around 550 stores and has seen a -2.42% decline in revenue growth as of January 31, 2024, with a net margin of -0.84% and ROE of -1.69%.
March 28, 2024 | 1:00 pm
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NEUTRAL IMPACT
Macy's has seen a recent shift in analyst ratings towards a more neutral stance, with updated 12-month price targets suggesting a modest optimism. Despite a revenue decline, the company's net margin performance is notable.
The mixed analyst ratings with a recent shift towards neutrality and the updated price targets indicate a cautious but slightly optimistic outlook for Macy's. The revenue decline is a concern, but the better-than-average net margin performance could mitigate negative perceptions. The overall impact on the stock price is likely to be neutral in the short term, as the market digests these mixed signals.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100