Macerich (MAC, Financial), a renowned player in the shopping center sector, recently received an upgrade in its stock rating by Piper Sandler. According to the latest report from the firm, the rating for Macerich was upgraded from a previous 'Underweight' to a 'Neutral' position. This update signals an improved outlook for the company's stock performance.
The report, prepared by analyst Alexander Goldfarb at Piper Sandler, also confirmed the maintained price target for Macerich (MAC, Financial) at $16.00, both current and prior. This consistent target reflects the analyst's steady expectation for the company's value in the market. The change in rating without a shift in price target suggests that while the stock's valuation remains unchanged, its relative risk or expected performance compared to other stocks or indices has improved.
These updates from Piper Sandler provide vital insights for investors tracking the performance and potential of Macerich (MAC, Financial) as it continues to navigate the dynamic retail real estate sector. Investors will be watching closely to see how the stock responds in the market following this rating revision.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Macerich Co (MAC, Financial) is $18.48 with a high estimate of $25.00 and a low estimate of $13.70. The average target implies an upside of 22.80% from the current price of $15.05. More detailed estimate data can be found on the Macerich Co (MAC) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Macerich Co's (MAC, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Macerich Co (MAC, Financial) in one year is $12.26, suggesting a downside of 18.51% from the current price of $15.045. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Macerich Co (MAC) Summary page.
