WallStSmart
MCD

McDonald’s Corporation

NYSE: MCD · CONSUMER CYCLICAL · RESTAURANTS

$293.59
+1.21% today

Updated 2026-04-30

Market cap
$206.20B
P/E ratio
24.25
P/S ratio
7.67x
EPS (TTM)
$11.96
Dividend yield
2.45%
52W range
$279 – $340
Volume
3.2M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

McDonald’s Corporation (MCD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$293.59
Consensus
$342.21
+16.56%
2030 Target
$614.28
+109.23%
DCF
—
—
28 analysts:
16 Buy11 Hold1 Sell

Management guidance

No specific CEO revenue targets disclosed in available data. Management focus is on value menu expansion (new $3 menu launching April 21, 2026), comparable sales growth through menu innovation, and 4% comp sales + 4.4% unit growth projected by Morningstar analyst consensus.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,013.56
$36.0B Rev × 20x P/S
Base case (2030)
$614.28
$36.0B Rev × 12x P/S
Bear case (2030)
$399.28
$36.0B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$25.5B$25.9B$26.9B$29.0B$30.7B$32.4B$34.2B$36.0B
Revenue growth—1.7%3.7%8.0%5.8%5.4%5.5%5.5%
EPS$11.94$11.73$12.20$13.39$14.57$15.65$16.85$18.15
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$491.42$522.14$552.85$583.57$614.28

Catalysts & risks

Growth catalysts
+ New McValue menu ($3 items, $4 breakfast meal) launching April 21, 2026 — expected to drive traffic recovery and market share gains
+ Global digital engagement expansion and delivery channel growth (new SVP Global Franchising and Delivery role created)
+ Leadership restructuring with new U.S. COO and Chief Transformation Officer — efficiency and growth initiatives
+ Comparable sales growth from value positioning during consumer spending slowdown
+ International unit expansion (4.4% unit growth projected) in developed and emerging markets
Key risks
- Consumer spending slowdown — rising gas prices and inflation pressuring traffic despite value initiatives
- Beef and commodity cost inflation offsetting pricing power; input costs pressuring margins
- Competitive intensity from value-focused campaigns by competitors (Chipotle, Starbucks, Wendy's all expanding value menus)
- FX headwinds — significant international exposure (~70% of revenue) sensitive to currency fluctuations
- Regulatory pressure on labor costs and franchisee compliance; insider selling by CEO signals valuation concerns

Methodology

McDonald’s Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 28 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.