Wells Fargo cuts target for McDonald's stock to USD 270.00

Published on 10/06/2026 at 09:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Guggenheim set a USD 250.00 target on October 5, 2026. McDonald's stock costs EUR 208.45 on October 6, 2026 after EUR 207.70, plus 0.36 percent.

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McDonald's (ISIN US5801351017) was trading at EUR 208.45 at Lang & Schwarz on October 6, 2026 at 9:08 a.m. CEST, up 0.36 percent from the prior close of EUR 207.70. Yahoo Finance reported on October 5, 2026 that Wells Fargo cut its price target from USD 300.00 to USD 270.00 while maintaining an Overweight rating, while Guggenheim cut its target from USD 290.00 to USD 250.00 and kept Neutral. The fresh cuts put execution and investment costs at the center of the stock debate.

Target cuts sharpen the debate

Wells Fargo cited unresolved pricing and value issues, limited trend visibility and risks tied to McDonald's NEXT strategy, according to Yahoo Finance. Guggenheim also lowered its earnings estimates because of softer U.S. same-store sales, slower global unit growth and capital reinvestments.

The strategy calls for a low-to-mid-50 percent operating margin by 2030 and USD 8.5 billion in total partner support through 2036, figures reported by Yahoo Finance. That ambition explains why analysts are weighing long-term productivity gains against near-term capital spending.

Q2 profit beat revenue expectations

McDonald's second-quarter 2026 revenue rose 3.7 percent year over year to USD 7.10 billion, slightly below the USD 7.13 billion consensus estimate, while adjusted earnings per share reached USD 3.38 versus USD 3.32 expected, according to Yahoo Finance. The comparison is important: profit execution held up better than sales momentum.

The company reported second-quarter 2026 diluted earnings per share of USD 3.32 on a GAAP basis, while adjusted earnings per share were USD 3.38. McDonald's investor-relations page identifies the NYSE listing under ticker MCD and highlights the Q2 2026 earnings release.

Stock remains near its yearly low

McDonald's primary-market 52-week range was USD 229.20 to USD 341.75 as of October 5, 2026, and its market capitalization was USD 165.6 billion. The Lang & Schwarz euro quote cannot be compared directly with that dollar range, but the separate snapshots show a stock trading near the lower end of its primary-market period.

Investing.com lists October 21, 2026 as the next earnings date for McDonald's. The event gives investors a defined checkpoint for testing whether value initiatives and digital pricing tools are translating into stronger comparable sales.

Euro quote before the next report

McDonald's stock was trading at EUR 208.45 at Lang & Schwarz on October 6, 2026 at 9:08 a.m. CEST, plus 0.36 percent versus the prior close of EUR 207.70. The further course of trading is shown by the continuously updated real-time quote of McDonald's stock.