McDonald's stock: Citigroup cuts target to USD 295 for McDonald's stock
Published on 10/23/2026 at 16:43 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWSTarget and operating figures
- Citigroup cut its McDonald's price target from USD 305 to USD 295 on October 20, 2026.
- McDonald's reported second-quarter 2026 revenue of USD 7.10 billion, up 3.7 percent year over year.
- McDonald's stock costs EUR 220.90 at Lang & Schwarz on October 23, 2026 at 4:34 p.m. CEST.
Citigroup cut its McDonald's price target from USD 305 to USD 295 on October 20, 2026, according to MarketScreener. The stock was trading at EUR 220.90 at Lang & Schwarz on October 23, 2026 at 4:34 p.m. CEST.
Second-quarter figures set the baseline
McDonald's reported USD 7.10 billion in second-quarter 2026 revenue, up 3.7 percent from the same quarter a year earlier, while adjusted earnings per share reached USD 3.38 against consensus of USD 3.32, MarketBeat reported on October 22, 2026. The figures provide a more concrete operating reference than the target revision alone.
NEXT adds a longer-term margin goal
In a September 23, 2026 release, McDonald's set a low-to-mid 50 percent operating-margin range for 2030 and targeted 250 basis points of gross restaurant-level efficiency gains, according to the company's McDonald's announcement. The plan also includes USD 8.5 billion in total NEXT partnering support through 2036.
Valuation and upcoming date
The NYSE quote was USD 247.08 at 10:42 a.m. EDT on October 23, 2026. Market capitalization stood at USD 174.8 billion, the price-to-earnings ratio was 20.05, and the 52-week range was USD 229.20 to USD 341.75. The next earnings release is scheduled for November 4, 2026, according to the company calendar carried by MarketScreener.
What does the target change mean?
Citigroup's new USD 295 target lies 19.37 percent above the USD 247.08 NYSE quote. The revision is less optimistic than the previous target, while McDonald's second-quarter adjusted earnings per share still exceeded consensus by USD 0.06. That combination leaves the November reporting date as the next scheduled test for sales momentum and the company's longer-term margin plan.
Stock price and investor view
The euro quotation gives German investors a separate trading reference for the U.S. restaurant operator. McDonald's had a 52-week low of USD 229.20 and a high of USD 341.75 on the primary exchange, while its market capitalization remained USD 174.8 billion as of October 23, 2026. The further course of trading is shown by the continuously updated real-time quote of McDonald's stock.
McDonald's stock facts
- Company: McDonald's Corporation
- ISIN: US5801351017
- Ticker: MCD
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 4:34 p.m. CEST): EUR 220.90
- Market capitalization: USD 174.8 billion (as of October 23, 2026)
- 52-week range: USD 229.20-341.75 (as of October 23, 2026)
- Sector / Industry: Consumer Cyclical / Restaurants
- Index membership: S&P 500
- Next earnings date: November 4, 2026
Market context: Market report S&P 500.
