Back to News
May 8, 2026 12:00 PM

McDonald's Value Focus Fails To Drive Results: Analysts Cut Forecasts On Cautious Outlook

Shares of McDonald’s Corp (NYSE:MCD) remained under pressure in early trading on Thursday, after the company Thursday reported its first-quarter results.

• McDonald’s stock is testing key support levels. What’s pressuring MCD?

Here are the key analyst insights:

TD Cowen analyst Andrew Charles reiterated a Hold rating, while cutting the price target from $330 to $300.

KeyBanc Capital Markets analyst Christopher Carril maintained an Overweight rating, while trimming the price target from $345 to $330.

BTIG analyst Peter Saleh reaffirmed a Buy rating and price target of $370.

Check out other analyst stock ratings.

TD Cowen: While McDonald’s efforts improved value perceptions, it failed to drive "enduring" same-store sales growth, Charles said in a note. Management warned of the industry softening in April, he added.

The company's conference call indicated a focus on beverages and value "to protect traffic in an incrementally more challenging industry backdrop," with lower consumer confidence and higher gas prices, the ...