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MAC
$18.55+Infinity%1D
Analyst Views on MAC
Wall Street analysts forecast MAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAC is 19.50 USD with a low forecast of 18.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
Wall Street analysts forecast MAC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MAC is 19.50 USD with a low forecast of 18.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
5 Hold
1 Sell
Hold
Current: 18.590
Low
18.00
Averages
19.50
High
23.00
Current: 18.590
Low
18.00
Averages
19.50
High
23.00
Jefferies
Buy
maintain
$20 -> $21
2025-12-15
New
Reason
Jefferies
Price Target
$20 -> $21
2025-12-15
New
maintain
Buy
Reason
Jefferies raised the firm's price target on Macerich to $21 from $20 and keeps a Buy rating on the shares as part of a broader research note previewing 2026 for Retail REITs. The firm sees retail as "well positioned" with a strong lease backlog starting in FY26-27 while supporting net operating income growth, the analyst tells investors in a research note. Jefferies adds however that while Macerich owns a portfolio of mostly high-quality assets with strong demographics, higher interest rates and an over-levered balance sheet make earnings growth more difficult vs. its better-capitalized peers.
Scotiabank
Sector Perform
maintain
$18 -> $19
2025-11-13
Reason
Scotiabank
Price Target
$18 -> $19
2025-11-13
maintain
Sector Perform
Reason
Scotiabank raised the firm's price target on Macerich to $19 from $18 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for U.S. Real Estate & REITs stocks under its coverage, the analyst tells investors.
BofA
Neutral -> Buy
upgrade
$19 -> $23
2025-09-26
Reason
BofA
Price Target
$19 -> $23
2025-09-26
upgrade
Neutral -> Buy
Reason
BofA upgraded Macerich to Buy from Neutral with a price target of $23, up from $19.
BofA
Neutral -> Buy
upgrade
$19 -> $23
2025-09-26
Reason
BofA
Price Target
$19 -> $23
2025-09-26
upgrade
Neutral -> Buy
Reason
As previously reported, BofA upgraded Macerich to Buy from Neutral with a price target of $23, up from $19, based on improvements to portfolio composition that have raised key operating metrics, a stronger balance sheet with "a clear deleveraging path, and solid leasing progress. The firm, which expects strong NOI growth in 2026-28, driven by lease-up, SNO commencement, major capital projects and other incremental redevelopments, notes that its 2028 FFO estimates have been increased to 8.2% above consensus.
About MAC
The Macerich Company is a fully integrated, self-managed, self-administered real estate investment trust (REIT). The Company is the sole general partner of, and owns a majority of the ownership interests in, The Macerich Partnership, L.P. (the Operating Partnership). As an owner, operator, and developer of retail real estate in United States markets, the Company’s portfolio is concentrated in California, the Pacific Northwest, Phoenix/Scottsdale, and the Metro New York to Washington, D.C. corridor. The Company is developing and managing properties that serve as community cornerstones. It owns interests in approximately 38 retail centers. Its properties include Arrowhead Towne Center, Danbury Fair, Desert Sky Mall, Eastland Mall, Fashion District Philadelphia, Fashion Outlets of Chicago, The Village at Corte Madera, Washington Square, Vintage Faire Mall, Broadway Plaza, Superstition Springs Center, Crabtree, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
