FrançaisAre analysts right about Macy's (M)?
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Historical analyst accuracy
For Macy's, we replayed every analyst price target of the past 12 months and measured the real outcome: 43% were profitable, average return -15% (115 calls). At 3 months: +1% average return (44% profitable). The higher the %, the more often analysts were right on this stock.
Most reliable analysts on this stock (past track record)
Their past track record on this stock (targets replayed against real prices) — not a forecast of what will happen.
| Analyst / broker | Calls i | % profitable i | Avg return i |
|---|---|---|---|
| Morgan Stanley | 14 | 36% | -64% |
| Citigroup | 12 | 42% | -19% |
| Credit Suisse | 10 | 30% | -34% |
| JP Morgan | 9 | 33% | -7% |
| Goldman Sachs | 9 | 78% | +18% |
Valuation
Is Macy's overvalued, and is it a good time to buy Macy's right now? If you're wondering, here's a recap to make up your own mind: Macy's's valuation vs its sector median, to weigh alongside analyst reliability (above) and past performance. Educational information, not buy advice.
The P/E (price ÷ earnings per share) = how many years of earnings you pay for the stock. The higher it is, the more growth the market expects — but the pricier the stock, so more vulnerable if growth disappoints. The forward P/E uses next year's expected earnings: lower than the current P/E = rising expected earnings. We compare it to the sector median to see whether the stock is expensive relative to its peers.
| Metric | Macy's | Sector median (Consumer Discretionary) |
|---|---|---|
| P/E | 9.4 | 19.9 |
| Forward P/E | 9.5 | 14.4 |
| Net margin | 3% | 9% |
👉 Macy's trades below its sector median (9.4 vs 19.9) — potentially undervalued, or lower expected growth.
📖 P/E, PEG, margin…: see the glossary
💵 Dividend : Macy's pays about $0.75/share/yr → 3.19% yield. what is this?
Frequently asked questions
Is Macy's a buy right now?
The analyst consensus on Macy's (M) is "Hold" (3 bullish, 4 bearish calls over 12 months). This is not advice: historically, 43% of their targets on this stock turned out profitable over 1 year.
What is Macy's's price target?
The median 12-month price target is $23.50 (+4% vs $22.51), ranging from $9.00 to $27.00 (6 analysts).
Are analysts accurate on Macy's?
Over 1 year, 43% of analyst targets on Macy's were profitable, for an average return of -15% (across 115 timestamped calls). This is JPI Invest's accuracy metric.
What is the Macy's stock forecast?
Analysts target a median of $23.50 within 12 months, i.e. +4% vs the current price. The most bullish targets $27.00, the most cautious $9.00.
What is the Macy's stock forecast for 2026 or long term (2030)?
Note: analyst targets are 12-month (median $23.50, +4%), NOT 2030. No reliable 5-10 year price forecast exists (« 2030 prediction » models are speculative). The most useful inputs: the 12-month median above, these analysts' historical accuracy (43%), and the stock's past trajectory.
Is Macy's overvalued?
Its P/E is 9.4, forward P/E 9.5. A forward P/E lower than the current P/E means earnings are expected to grow.
📊 See the full interactive analysis of Macy's →
What is JPI Invest?
JPI Invest aggregates analyst recommendations across the entire S&P 500 (plus the S&P MidCap 400), replays them against real prices and measures who predicts best — on results, not reputation. Instead of taking a price target at face value, you see each analyst's track record on each stock.
- 🏆 Analyst leaderboard by real reliability (beating their sector, not just riding the rally)
- 🎯 What to buy: 3 backtested methods over 6 years, from cautious to aggressive
- 💬 AI assistant: ask anything about any stock, with the numbers
- 📊 Portfolio tracking + 🔔 price alerts by email
⚠️ Educational information, not investment advice. Analyst price targets are 12-month and can be wrong. Data via Yahoo Finance, recomputed by JPI Invest.