Analysts project 15.65% upside for MCD stock, citing strong margins and dividends despite weak Q2 execution.
McDonald’s (NYSE:MCD) shares have fallen 11% in 2026 to $274.31, but analysts see a year-end target of $317.25, implying 15.65% upside. The firm maintains a 90% confidence BUY rating, citing the company’s 46% operating margin and defensive dividend appeal.
Q2 2026 earnings showed EPS of $3.38, slightly above consensus, but revenue missed at $7.10 billion. Global comparable sales grew just 1.3%, with U.S. comps at 0.8%. CEO Chris Kempczinski acknowledged execution missteps, calling September’s Investor Day pivotal for the stock’s trajectory.
Shares retreated from a 52-week high of $337.56 to near $260.96, pressured by underperformance relative to peers like YUM and CMG. Analysts argue the valuation remains attractive despite near-term headwinds.