McDonald's stock forecast and price prediction

MCD stock price: $232.26 -0.32% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

McDonald's forecast brief

  • McDonald's scarcely changed a -0.32% after making all-time highs last Friday
  • Cowen published a bullish rating for McDonald's on Wednesday, targeting $255.00
  • McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products and beverages, as well as breakfast menu.

McDonald's stock price forecast

Nobody knows how much a stock will be priced in the future. Banks and financial organisations publish their analysis predicting how a stock will performance in the future.

Along with buy or sell recommendations, brokerage institutions release their price target based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new financial information by the company, and many times. Again, these targets are not direct recommendations for individual traders and should not be followed blindly.

The average price target for McDonald's stock calculated from the table below is $245.93. McDonald's closed at $232.26 on Wednesday, so the target price is expecting an increase by 5.89%.

McDonald's stock price predictions
Brokerage firmPrice target
Mar 23rd, 2021
Deutsche Bank Aktiengesellschaft $244.00
Apr 6th, 2021
Atlantic Securities $237.00
Apr 12th, 2021
Jefferies Financial Group $265.00
JPMorgan Chase & Co. $215.00$245.00
Morgan Stanley $248.00$250.00
Piper Sandler $209.00$225.00
Apr 13th, 2021
Atlantic Securities $237.00
Apr 15th, 2021
Cowen $250.00$255.00
Apr 16th, 2021
UBS Group $240.00$255.00
Wedbush $240.00$255.00
Apr 19th, 2021
JPMorgan Chase & Co. $215.00$245.00
Morgan Stanley $248.00$250.00
Piper Sandler $209.00$225.00
Apr 21st, 2021
Cowen $250.00$255.00

Analysts recommendations

In the last month, 14 brokerage ratings were published for McDonald's. General sentiment is bullish, with 10 out of 14 publishing optimistic forecasts

McDonald's analysts' ratings - Last 30 days
Brokerage firmRating
Mar 23rd, 2021
Deutsche Bank Aktiengesellschaft NeutralStrong buy
Apr 6th, 2021
Atlantic Securities Neutral
Apr 12th, 2021
Jefferies Financial Group Strong buy
JPMorgan Chase & Co. Buy
Morgan Stanley Buy
Piper Sandler BuyNeutral
Apr 13th, 2021
Atlantic Securities Neutral
Apr 15th, 2021
Cowen Buy
Apr 16th, 2021
UBS Group Strong buy
Wedbush Buy
Apr 19th, 2021
JPMorgan Chase & Co. Buy
Morgan Stanley Buy
Piper Sandler Neutral
Apr 21st, 2021
Cowen Buy

Earnings and financials

McDonald's ($MCD) hosted the earnings call and released the report last January. McDonald's missed analysts estimates and posted of $1.70, that is a -4.49% worse than the initial forecasts of $1.78. Despite this, reported revenues of $5.3 billion were in line with market forecasts.

Compared to the same quarter last year, EPS was $1.97, so reported EPS is a decrease of -13.71%. Looking at revenues, figures just changed compared to $53.5B same quarter a year ago.

McDonald's ($MCD) will host the earnings call on Thursday next week. Wall Street analysts predict of $1.81, that is a 6.47% higher than previous quarter.

McDonald's stock: buy or sell?

Is $MCD stock a buy?

McDonald's received 14 ratings in the last 30 days: 10 bullish, 0 bearish and 4 neutral.

Currently, McDonald's stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $MCD will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Is it time to sell McDonald's stock?

In the current situation of McDonald's there is not any eligible sell setup, so McDonald's stock holders with operations in profit can keep their positions

McDonald's stock technical predictions

Since last January, McDonald's has been printing an uptrend that by now marked an amazing 15.05%. Rising highs and lows can be seen easily on a chart and how price offered very few entry points on the breakouts. Latest low was in early March, when price bounced at $202.73. In mid-March, McDonald's broke out above its last top ($215.98) offering a good buy point

$MCD at new Highs

Last Friday, McDonald's hit all-time highs (ATH) again at $234.26. Previous ATHs were on April 7

SMAs overview

MCD stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $229.13 (-1.35% below)
  • S2: $225.12 (-3.07% below)
  • S3: $224.00 (-3.56% below)
  • Bollinger bands

    The price is moving very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    MCD stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on April 8 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Wednesday was 64.12. McDonald's price merely moved a 0.15% since then

    MCD stock RSI chart

    McDonald's stock price history

    McDonald's started trading priced at an adjusted price1 of $0.00 on Jul 1966. Since then, MCD stock has risen by -, with an average of 0.00% per year. If you had invested $1,000USD in McDonald's stock on the IPO, it would be valued $inf today.

    1: Adjusted price after possible price splits or reverse-splits

    MCD stock price history chart

    Please read:
    The viewpoints contained in this article are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the particular scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for educative reasons only

    McDonald's summary

    Wednesday, April 21st, 2021
    Open$233.3
    Close$232.26
    Day range$231.85 - $233.86
    Previous close$233.01
    Session gain-0.32%
    Average true range$3.32
    50d mov avg$219.47
    100d mov avg$214.96
    200d mov avg$211.89
    Earnings dateApril 29th, 2021

    Frequently asked questions

    What is McDonald's stock symbol?

    McDonald's Corporation is a public company trading in the US stock market with the MCD symbol

    Will MCD go up?

    McDonald's had different price predictions published by market analysts in the last month forecasting the target price to $245.93. That is a 5.89% than the last price ($232.26).