What Do Analysts Think About Macy’s Stock (M) After Earnings?

Macy’s (M) stock movement was low on Thursday after analysts updated their coverage of the retail company following its latest earnings report.

• Five-star Benchmark Co. analyst Fawne Jiang initiated coverage of M stock with a Buy rating.
• J.P. Morgan analyst Matthew Boss reiterated a Hold rating and cut his price target to $12 from $13, roughly matching the stock’s current price.
• Telsey Advisory analyst Jason Strominger reiterated a Hold rating and reduced his price target to $14 from $15, suggesting a 16.6% upside.
• Five-Star Citi analyst Paul Lejuez maintained a Hold rating but increased his price target to $12 from $11.
• Four-star Morgan Stanley analyst Alexandra Straton reiterated a Hold rating and $12 price target.
• Barclays analyst Paul Kearney also kept a Hold rating and $12 price target for the shares.
• TipRanks AI analyst Spark upgraded M stock to Buy with a $13.50 price target, implying a 12.5% upside.

Macy’s Earnings Recap

The largely neutral coverage of M stock makes sense in light of the company’s latest earnings report. Its results for Q1 2025 beat estimates, but Macy’s cut its Fiscal 2025 guidance.

This left investors unsure about its performance, as adjusted earnings per share of $1.80 would miss Wall Street’s estimate of $1.92, but revenue of $21.2 billion would surpass analysts’ estimate of $21.03 billion.

M stock was up 0.17% as of Thursday morning, but remains down 28.02% year-to-date. The shares have also dropped 37.3% over the past 12 months.

Is Macy’s Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for Macy’s is Hold, based on one Buy, 10 Hold, and a single Sell rating over the past three months. With that comes an average M stock price target of $11.91, representing a potential 1.04% downside for the shares. These ratings and price targets could change as more analyst updates roll in.

See more M stock analyst ratings