BTIG lifts McDonald’s price target to $305 on mixed Q3 results
BTIG kept its Buy rating on McDonald’s and increased its price target from $295 to $305 after the company reported third‑quarter earnings that beat EPS expectations but missed revenue forecasts. The analyst cited stronger U.S. sales trends and a 20% share price rise over the past month as reasons to raise the target. The stock was trading at $280.22 at the time of the note.
Why it matters
The higher target suggests BTIG sees additional upside potential, which could influence investor expectations and demand for the shares. The note also highlights that the earnings beat was driven by refranchising gains and lower SG&A, while revenue fell short of estimates.
Key facts
- 1BTIG raised its price target on McDonald’s to $305 from $295 while maintaining a Buy rating. tradingview.com
- 2McDonald’s reported adjusted earnings per share of $3.57 for Q3 2026. investing.com
- 3Revenue for the quarter was $7.16 billion, below the consensus estimate of $7.29 billion. investing.com
- 4The stock was trading at $280.22 when the price‑target update was issued. investing.com
- 5BTIG noted the shares had risen nearly 20% over the past month. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.