24/7 Wall St. forecasts McDonald's (MCD) stock to reach $317.25 by year-end, implying 15.65% upside
The analysis by 24/7 Wall St. assigns a Buy rating with 90% confidence to McDonald's (MCD), projecting a year-end price target of $317.25. This comes as MCD's stock has slid 11% year-to-date to its current $274.31 (as of August 5). The report notes that CEO Chris Kempczinski admitted Q2 execution failures, with U.S. comparable sales turning negative in July, making the September Investor Day a critical moment for the company's outlook.
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