80/100BMcDonald's Corp stock forecast 2026–2030
Analysts' average 12-month price target for McDonald's Corp is 283.58, 7.8% above the current price of 263.09. Their targets range from 230.00 to 350.00.
Of the 25 firms that rated McDonald's Corp in the past 12 months, 15 rate it buy or strong buy, 9 hold and 1 sell or strong sell (each firm at its latest rating); on average they come to Buy.
Analysts' 1-year price targets range from 230.00 to 350.00, with an average of 283.58.
| Strong buy | 0 | |
| Buy | 15 | |
| Hold | 9 | |
| Sell | 1 | |
| Strong sell | 0 |
12-month price target
| Highest target | 350.00 |
| Average target | 283.58 |
| Lowest target | 230.00 |
| Current price | 263.09 |
McDonald's Corp price target history
Have analysts recently raised or lowered their McDonald's Corp price target and rating?
How analysts rate McDonald's Corp, month by month
15 of 25 firms rate it buy now, against 10 of 22 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
McDonald's Corp analyst upgrades, downgrades and price targets
The latest rating change came on 23 April 2026, when Rothschild & Co upgraded McDonald's Corp from Sell to Neutral. The most recent new target came from Bernstein on 8 October 2026: 250.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 8 Oct 2026 | Bernstein | Reiterated · Market Perform | 295.00 → 250.00 | -15.3% | 230.88 |
| 6 Oct 2026 | KeyBanc | Reiterated · Overweight | 315.00 → 280.00 | -11.1% | 233.04 |
| 5 Oct 2026 | Guggenheim Gregory Francfort | Reiterated · Neutral | 290.00 → 250.00 | -13.8% | 231.89 |
| 5 Oct 2026 | Wells Fargo Zachary Fadem | Reiterated · Overweight | 300.00 → 270.00 | -10.0% | 231.89 |
| 28 Sept 2026 | Morgan Stanley Brian Harbour | Reiterated · Equal Weight | 308.00 → 297.00 | -3.6% | 236.50 |
| 28 Sept 2026 | Melius Research Jacob Aiken-Phillips | Reiterated · Sell | 230.00 | — | 236.50 |
| 25 Sept 2026 | H.C. Wainwright | — | 250.00 | — | 237.02 |
| 24 Sept 2026 | Robert W. Baird Chris O'Cull | — | 285.00 → 250.00 | -12.3% | 238.31 |
| 24 Sept 2026 | Oppenheimer | — | 355.00 → 295.00 | -16.9% | 240.37 |
| 24 Sept 2026 | RBC Capital Logan Reich | Reiterated · Sector Perform | 290.00 → 285.00 | -1.7% | 241.42 |
| 24 Sept 2026 | Jefferies Andy Barish | — | 375.00 → 325.00 | -13.3% | 238.32 |
| 24 Sept 2026 | UBS | — | 320.00 → 260.00 | -18.8% | 238.32 |
| 24 Sept 2026 | BMO Capital Andrew Strelzik | Reiterated · Outperform | 310.00 | — | 238.32 |
| 24 Sept 2026 | Cowen & Co. | — | 270.00 | — | 238.32 |
| 21 Sept 2026 | UBS | Reiterated · Buy | 305.00 → 320.00 | +4.9% | 248.24 |
| 15 Sept 2026 | RBC Capital | Reiterated · Sector Perform | 330.00 → 290.00 | -12.1% | 257.49 |
| 14 Sept 2026 | Deutsche Bank Lauren Silberman | Reiterated · Buy | 345.00 → 300.00 | -13.0% | 257.78 |
| 14 Sept 2026 | Morgan Stanley | Reiterated · Equal Weight | 319.00 → 308.00 | -3.4% | 252.53 |
| 26 Aug 2026 | Argus Research | Reiterated · Buy | 380.00 → 310.00 | -18.4% | 267.07 |
| 5 Aug 2026 | Guggenheim | — | 320.00 → 290.00 | -9.4% | 273.21 |
| 5 Aug 2026 | Bernstein Danilo Gargiulo | — | 340.00 → 295.00 | -13.2% | 273.92 |
| 5 Aug 2026 | UBS | — | 340.00 → 305.00 | -10.3% | 273.35 |
| 5 Aug 2026 | Morgan Stanley | — | 322.00 → 319.00 | -0.9% | 273.25 |
| 5 Aug 2026 | Robert W. Baird | — | 305.00 → 285.00 | -6.6% | 268.34 |
| 5 Aug 2026 | Deutsche Bank Lauren Silberman | — | 325.00 → 345.00 | +6.2% | 268.34 |
| 4 Aug 2026 | Piper Sandler | — | 325.00 → 286.00 | -12.0% | 267.35 |
| 27 Jul 2026 | UBS Dennis Geiger | Reiterated · Buy | 365.00 → 340.00 | -6.8% | 267.14 |
| 24 Jul 2026 | BTIG | Reiterated · Buy | 370.00 → 350.00 | -5.4% | 262.80 |
| 23 Jul 2026 | Evercore ISI | Reiterated · Outperform | 350.00 → 320.00 | -8.6% | 262.58 |
| 16 Jul 2026 | Wells Fargo | Reiterated · Overweight | 320.00 → 300.00 | -6.3% | 264.95 |
| 15 Jul 2026 | Morgan Stanley | — | 331.00 → 322.00 | -2.7% | 268.94 |
| 9 Jul 2026 | Deutsche Bank | — | 325.00 | — | 273.98 |
| 29 Jun 2026 | KeyBanc | Reiterated · Overweight | 345.00 → 315.00 | -8.7% | 269.76 |
| 8 May 2026 | Morgan Stanley | — | 335.00 → 331.00 | -1.2% | 281.05 |
| 8 May 2026 | Evercore ISI | Reiterated · Outperform | 350.00 | — | 279.43 |
| 8 May 2026 | Wells Fargo | Reiterated · Overweight | 355.00 → 320.00 | -9.9% | 283.70 |
| 7 May 2026 | Robert W. Baird | — | 335.00 → 305.00 | -9.0% | 283.71 |
| 23 Apr 2026 | Redburn Partners | — | 306.00 | — | 300.07 |
| 23 Apr 2026 | Rothschild & Co | Upgraded · Sell → Neutral | — | — | — |
| 20 Apr 2026 | KeyBanc | Reiterated · Overweight | 335.00 → 345.00 | +3.0% | 311.36 |
| 6 Mar 2026 | Tigress Financial Ivan Feinseth | Reiterated · Buy | 385.00 | — | 325.44 |
| 13 Feb 2026 | Argus Research John Staszak | Upgraded · Hold → Buy | 380.00 | — | 332.08 |
| 13 Feb 2026 | Guggenheim | Reiterated · Neutral | 325.00 → 320.00 | -1.5% | 332.08 |
| 12 Feb 2026 | Truist Financial Jake Bartlett | Reiterated · Buy | 356.00 → 370.00 | +3.9% | 330.19 |
| 12 Feb 2026 | RBC Capital Logan Reich | Reiterated · Sector Perform | 320.00 → 330.00 | +3.1% | 330.56 |
| 12 Feb 2026 | Jefferies | Reiterated · Buy | 375.00 | — | 323.88 |
| 12 Feb 2026 | Barclays | Reiterated · Overweight | 362.00 → 380.00 | +5.0% | 330.20 |
| 12 Feb 2026 | Robert W. Baird David Tarantino | — | 335.00 | — | 323.21 |
| 12 Feb 2026 | UBS | Reiterated · Buy | 350.00 → 365.00 | +4.3% | 323.21 |
| 12 Feb 2026 | Bernstein Danilo Gargiulo | — | 372.00 → 340.00 | -8.6% | 323.21 |
McDonald's Corp EPS and revenue estimates
Analysts expect McDonald's Corp's EPS to grow 6.6% a year until 2028, slower than over the last 5 years (13.6% a year) and the last 3 years (12.8%).
Analysts expect McDonald's Corp's revenue to grow 1.5% a year until 2028, slower than over the last 5 years (7.0% a year) and the last 3 years (5.1%).
Revenue
EPS
Does McDonald's Corp beat earnings estimates?
On average, analysts' EPS estimate was 2.4% off the result, either way, and their revenue estimate 1.7%, over the last 12 quarters.
- EPS beats
- 69 / 135
- Revenue beats
- 61 / 119
- Average EPS surprise, last 12
- +1.1%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q2 FY2026 | 4 Aug 2026 | 3.32 | 3.38 | +1.8% | 7.13B | 7.10B | -0.4% |
| Q1 FY2026 | 7 May 2026 | 2.74 | 2.83 | +3.3% | 6.47B | 6.52B | +0.7% |
| Q4 FY2025 | 11 Feb 2026 | 3.05 | 3.12 | +2.3% | 6.84B | 7.01B | +2.5% |
| Q3 FY2025 | 5 Nov 2025 | 3.33 | 3.22 | -3.3% | 7.08B | 7.08B | -0.1% |
| Q2 FY2025 | 6 Aug 2025 | 3.14 | 3.19 | +1.6% | 6.70B | 6.84B | +2.2% |
| Q1 FY2025 | 1 May 2025 | 2.66 | 2.67 | +0.4% | 6.10B | 5.96B | -2.4% |
| Q4 FY2024 | 10 Feb 2025 | 2.85 | 2.83 | -0.7% | 6.45B | 6.39B | -1.0% |
| Q3 FY2024 | 29 Oct 2024 | 3.20 | 3.23 | +0.9% | 6.82B | 6.87B | +0.8% |
| Q2 FY2024 | 29 Jul 2024 | 3.07 | 2.97 | -3.3% | 6.62B | 6.49B | -2.0% |
| Q1 FY2024 | 30 Apr 2024 | 2.72 | 2.70 | -0.7% | 6.16B | 6.17B | +0.2% |
| Q4 FY2023 | 5 Feb 2024 | 2.82 | 2.95 | +4.6% | 6.45B | 6.41B | -0.7% |
| Q3 FY2023 | 30 Oct 2023 | 3.00 | 3.19 | +6.3% | 6.19B | 6.69B | +8.1% |
McDonald's Corp stock price 2026–2030: scenarios
If McDonald's Corp's earnings keep growing at the 5.8% a year analysts expect to FY2028, it would earn about 16.20 a share in FY2030. At the P/E it has traded at over the last five years (25.3 to 31.4) that is 410.05 to 508.72 a share, or 434.73 at its average P/E of 26.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 12.87 | 325.74 | 345.35 | 404.13 |
| FY2027 | 13.74 | 347.91 | 368.85 | 431.63 |
| FY2028 | 14.46 | 366.12 | 388.15 | 454.21 |
| FY2029 (extrapolated) | 15.30 | 387.46 | 410.78 | 480.69 |
| FY2030 (extrapolated) | 16.20 | 410.05 | 434.73 | 508.72 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 5.8% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (25.3, 26.8, 31.4).
Is McDonald's Corp stock undervalued or overvalued?
McDonald's Corp's P/E of 21.3 is near the bottom of its 5-year range (18.7 to 35.5, median 25.9). Analysts expect slower growth than in recent years, so the low P/E may be deserved. Buyers pay more for each point of growth than usual: a PEG of 3.2 on expected growth against 1.9 on its median P/E and past five years' growth. At its usual P/E (25.9 × EPS of 12.35), McDonald's Corp's fair value is 320.16; the price, 263.09, is 17.8% below it. Its forward P/E, on the consensus for FY2026, is 20.4.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (18.7 and 35.5). The price against its P/E range
- Price to earnings ratio (TTM)
- 21.30
- Five-year median P/E
- 25.92
- Five-year P/E range
- 18.7 – 35.5
- Forward P/E (FY2026)
- 20.45
- PEG ratio
- 3.65
- To the average target
- +7.8%