- Analysts Upgrade: Mizuho boosts Macerich (MAC, Financial) stock to "Outperform" citing improved management and reduced risk.
- Investment Opportunity: Despite a 16% year-to-date drop, the current discount presents potential gain for investors.
- Price Targets & Valuation: Mixed analyst outlook with a forecasted downside based on GuruFocus' GF Value.
Macerich (MAC) recently experienced a 2.1% share increase after Mizuho upgraded the stock to "Outperform." This decision comes in light of effective new management efforts that have notably lowered the company's risk profile. Although the stock has faced a 16% decline year-to-date, its present discount, coupled with future earnings potential, presents an attractive proposition for astute investors.
Wall Street Analysts Forecast
The one-year price targets provided by 12 analysts reveal an average target price for Macerich Co (MAC, Financial) at $18.81, with projections ranging between a high of $25.00 and a low of $13.70. This average target reflects a potential upside of 12.59% from the current share price of $16.71. For those interested in more comprehensive estimate data, further information is available on the Macerich Co (MAC) Forecast page.
Furthermore, the consensus recommendation across 15 brokerage firms positions Macerich Co (MAC, Financial) with an average brokerage recommendation of 2.9, falling into the "Hold" category. This rating is derived from a scale of 1 to 5, where 1 stands for Strong Buy and 5 for Sell.
In terms of valuation, GuruFocus estimates the GF Value for Macerich Co (MAC, Financial) at $12.45 within the next year. This represents a potential downside of 25.47% from the current trading price of $16.705. The GF Value is GuruFocus' calculated fair value, derived from the stock's historical trading multiples, past business growth, and forecasted future performance. More detailed insights can be explored on the Macerich Co (MAC) Summary page.
