Citigroup cuts target for McDonald's stock from USD 305 to USD 295

Citigroup cut its McDonald's price target from USD 305.00 to USD 295.00 on October 20, 2026, as MarketScreener reported. McDonald's reported Q2 2026 revenue of USD 7.10 billion, up 3.70 percent from the same quarter a year earlier, while net income reached USD 2.40 billion, up 4.80 percent, according to GreekSoup. McDonald's stock was trading at EUR 223.55 at Lang & Schwarz on October 26, 2026 at 5:36 p.m. CEST.

Citigroup trims its target

The October 20 target revision leaves Citigroup's new USD 295.00 level USD 10.00 below its previous USD 305.00 target. The move gives investors a fresh measure of how the bank balances McDonald's long-term brand strength against slower traffic and the spending demands of the company's NEXT strategy.

Stock remains below its yearly high

On the NYSE, McDonald's was trading at USD 250.06 on October 26, 2026 at 12:37 p.m. EDT. The primary-exchange quote sat within a 52-week range of USD 229.20 to USD 341.75, while the stock was down 18.71 percent year to date. Its market capitalization was USD 177.0 billion and its trailing price-to-earnings ratio was 20.32.

What does the next report test?

McDonald's next scheduled earnings release is November 4, 2026, before the U.S. market opens, according to Barron's. The latest quarterly figures point to a mixed operating picture: revenue increased 3.70 percent year over year, but the U.S. guest-count trend remained a pressure point. Analysts tracked by the same page had a Q3 2026 adjusted earnings-per-share estimate of USD 3.38.

Valuation against restaurant peers

McDonald's carried a 20.32 price-to-earnings ratio and USD 177.0 billion market capitalization. Yum! Brands traded at a 18.74 price-to-earnings ratio with a USD 40.7 billion market capitalization and a 0.36 percent decline on October 26, 2026. Restaurant Brands International traded at a 21.86 price-to-earnings ratio with a USD 25.9 billion market capitalization and a 1.43 percent decline.

Price and reporting date

The analyst revision puts valuation and execution back in the same frame. McDonald's enters the November 4 report with a lower Citigroup target, a 20.32 trailing price-to-earnings ratio and a Q2 revenue increase of 3.70 percent.

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

Market context: Market report S&P 500.

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