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McDonald’s Stock (MCD) Seen as Buying Opportunity Amid Sales Optimism
McDonald’s Stock (MCD) Seen as Buying Opportunity Amid Sales Optimism
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BTCCSquare news:
McDonald’s shares gained traction as analysts anticipate stronger U.S. sales in the latter half of the year. UBS analyst Dennis Geiger reaffirmed a Buy rating with a $350 target, citing menu innovation and extended operating hours as catalysts.
Despite a 9% decline over three months and a 3.6% drop in Q1 same-store sales—the steepest since 2020—Geiger views the pullback as an entry point. Challenges include reduced foot traffic among lower-income consumers, attributed to rising fast-food prices and the growing affordability of groceries.
Weight-loss drug trends have also dented demand for high-calorie items. Yet, Geiger remains bullish, suggesting McDonald’s is poised for resilience even as industry headwinds persist.
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