Citigroup cuts McDonalds target to USD 295 for McDonalds stock

Published on 10/23/2026 at 10:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 7.10 billion, up 3.70 percent year over year. McDonalds stock costs EUR 223.55 on October 23, 2026.

Targets and earnings shape the debate

Citigroup lowered its McDonalds target from USD 305.00 to USD 295.00 on October 20, 2026.
Second-quarter revenue reached USD 7.10 billion and rose 3.70 percent year over year.
McDonalds stock was trading at EUR 223.55 at 10:31 a.m. CEST at Lang & Schwarz on October 23, 2026.
Third-quarter results are expected on November 4, 2026.

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McDonalds stock was trading at EUR 223.55 at Lang & Schwarz on October 23, 2026, as Citigroup lowered its price target from USD 305.00 to USD 295.00 on October 20, 2026. According to MarketScreener, Citigroup kept its Buy rating while cutting the target.

Why the target moved lower

The target reduction adds to a pattern of cautious revisions around McDonalds. Wells Fargo lowered its target from USD 300.00 to USD 270.00 on October 5, 2026, while keeping an Overweight rating, according to Benzinga.

The counterweight is the companys latest reported quarter. McDonalds generated USD 7.10 billion of revenue in the second quarter of 2026, an increase of 3.70 percent from the same quarter a year earlier. Adjusted earnings per share reached USD 3.38, above the USD 3.32 consensus estimate, according to MarketBeat.

What comes next for McDonalds

The chronology points to a widening gap between operating performance and valuation expectations. On September 24, 2026, DZ Bank cut its fair value from USD 330.00 to USD 300.00 while retaining a Buy rating, as reported by VR ProFinanz. Citigroup then set the latest target at USD 295.00 on October 20, 2026.

The next dated test is the third-quarter report, expected on November 4, 2026, according to Yahoo Finance. McDonalds reported USD 2.40 billion of net income in the second quarter of 2026, up 4.80 percent year over year, giving the upcoming release a clear earnings benchmark.

Price and valuation context

McDonalds trades on the NYSE under ticker MCD. Its primary-exchange quote was USD 252.63 at 4:00 p.m. ET on October 22, 2026, while market capitalization stood at USD 178.8 billion and the 52-week range was USD 229.20 to USD 341.75. The euro quotation was EUR 223.55 at Lang & Schwarz on October 23, 2026 at 10:31 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of McDonalds stock.