Analyst / Firm | Company | Price | Rating | Price Target | Upside/Downside | Date |
---|---|---|---|---|---|---|
Mcdonalds CorpMCD | $273.28 | Strong Buy | $315.00 | +15.27% | a day ago | |
Analyst RankingTop 18% #824 out of 4572 analysts Average Return+7.76% Win Rate58%29 out of 50 Risk vs RewardPoor Good Analyst ColorGuggenheim's Gregory Francfort lowered their price target on Mcdonalds (NYSE: MCD) by 3.1% from $325 to $315 on 2024/05/02. The analyst maintained their Strong Buy rating on the stock. Francfort's update followed an assessment of Mcdonalds' 2024/04/30-dated Q1 2024 earnings report and participation in the earnings call. Following Q1's data, Francfort lowered their FY 2024 and 2025 EPS forecasts. However, the analyst noted that slightly lower-than-expected same-store sales "had been telegraphed in mid-March at an Investor Conference." Guggenheim maintained its "best idea" designation on Mcdonalds, the analyst told investors. Earnings ReportFor Q1 2024, McDonald’s reported:
Management did not provide guidance in the press release or earnings call. CEO Chris Kempczinski commented: “Our global comparable sales growth in the first quarter marks 13 consecutive quarters of positive comparable sales growth with 30% growth over the last 4 years. “As consumers are more discriminating with every dollar that they spend, we will continue to earn their visits by delivering leading, reliable, everyday value and outstanding execution in our restaurants. “As we look to the rest of 2024 and beyond, we remain focused on leveraging the competitive advantages within our Accelerating the Arches plan and growing QSR market share to drive long-term growth.” | ||||||
Tesla IncTSLA | $800.00 | Strong Buy | $850.00 | +6.25% | a day ago | |
Upgrade to Premium to View MoreStrong buys: Upgrade to Premium to view the rest of today's Strong Buy stocks from Wall Street's top analysts Already have a premium account? Sign In |