DBS analyst Alison Fok has reiterated their bullish stance on MCD stock, giving a Buy rating on February 21.
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Alison Fok’s rating is based on McDonald’s strategic initiatives and financial performance. The company has shown resilience despite challenges such as the E. coli outbreak in the US, with a slight increase in global comparable sales for the fourth quarter of 2024. Looking ahead, McDonald’s plans significant expansion in its chicken offerings and digital orders, aiming to boost its loyalty program and mobile app usage, which are expected to drive growth.
McDonald’s has also demonstrated steady EBITDA growth over the past decade, with improvements in sales and margins even in a challenging macroeconomic environment. The company’s focus on delivery, drive-thru, and digitalization, along with easing inflationary pressures, positions it well for future growth. Consequently, Alison Fok reiterates a Buy rating with a target price of $327, reflecting confidence in McDonald’s medium-term prospects.
Fok covers the Consumer Cyclical sector, focusing on stocks such as McDonald’s, Nike, and TJX Companies. According to TipRanks, Fok has an average return of 4.8% and a 56.84% success rate on recommended stocks.
In another report released on February 21, Loop Capital Markets also maintained a Buy rating on the stock with a $346.00 price target.