McDonald's stock has been a hot topic recently with a range of opinions from experts. The fast-food giant, being one of the trending stocks, was seen trading below
$280 indicative of stock market weakness.
Loop Capital maintained a
buy rating with no price change, whereas
Guggenheim and
Evercore altered their price targets. The stock received a boost due to the continuation of a
$5 meal deal. A rise in the market missed earnings, raising some concerns, yet the stock increased contrarily. However,
same-store sales becoming red, hints of a weak outlook, and a rare
earnings miss saw stock struggle. This followed with
insiders selling shares whilst some consider it as a
dividend stock and a good
buy opportunity. An exciting upcoming partnership with
Krispy Kreme made headlines after an upgrade of the doughnut company's stock, although McDonald's stock slid amid the meal deal drama. Affordability promise by the CEO during latest earnings call resulted in a stock price drop.
S&P 500 restaurant stocks were noted to outperform McDonald's. Lastly, despite the bearish outlook, some experts see a 25% upside and others are waiting for
Q1 earnings report to reassess the stock.
Mcdonalds Stocks News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Thu, 19 Sep 2024 18:16:29 GMT -
Rating -2
- Innovation 0
- Information 8
- Rumor -4
