1 Wall Street Analyst Thinks McDonald's Stock Is Going to $349. Is It a Buy Around $310?
McDonald's (NYSE: MCD) may have missed on both the top and bottom lines in its recently reported fourth quarter of 2024, but that didn't stop several analysts from becoming more bullish on its prospects.A clutch of them raised their price targets on the durable fast-food company's shares, one of whom was Jefferies' Andy Barish. Let's see what he now thinks of the company, and whether that perspective is realistic.Barish made his move on Monday, shortly after McDonald's published those results. It wasn't exactly a drastic change in view, as he added $4 per share to his existing price target for a new figure of $349. Since the latter was 13% above the stock's closing price at the time, it shouldn't be any surprise to learn that Barish maintained his existing buy recommendation on the fast-food giant's shares. Continue reading
McDonald's (NYSE: MCD) may have missed on both the top and bottom lines in its recently reported fourth quarter of 2024, but that didn't stop several analysts from becoming more bullish on its prospects.
A clutch of them raised their price targets on the durable fast-food company's shares, one of whom was Jefferies' Andy Barish. Let's see what he now thinks of the company, and whether that perspective is realistic.
Barish made his move on Monday, shortly after McDonald's published those results. It wasn't exactly a drastic change in view, as he added $4 per share to his existing price target for a new figure of $349. Since the latter was 13% above the stock's closing price at the time, it shouldn't be any surprise to learn that Barish maintained his existing buy recommendation on the fast-food giant's shares.
