
Macerich (MAC) Stock Forecast & Price Target
Macerich (MAC) Analyst Ratings
Bulls say
Macerich is expected to see strong growth in its FFO (funds from operations) in the coming years, driven by robust leasing demand and a shift towards permanent tenants, leading to increased rent and margin expansion. The company's strategic pivot towards a more concentrated, Class A portfolio should result in enhanced earnings power and potential upside as strong retailer demand aligns with its assets. Additional external growth opportunities and disciplined funding should also support balance sheet improvement, positioning the company for continued success.
Bears say
Macerich is facing potential downside risks, including a slowing economy, potential tenant bankruptcies, and high leverage causing increased funding costs and a negative impact on valuation. However, the company's recent Path Forward Plan update has shown incremental improvements in key milestones and increased visibility into execution and timing, leading to a raised price target and an Overweight rating. Additionally, management's focus on leverage reduction, outparcel and land monetizations, and anchor leasing will be key drivers of future growth and earnings potential, providing high visibility for future NOI growth.
This aggregate rating is based on analysts' research of Macerich and is not a guaranteed prediction by Public.com or investment advice.
Macerich (MAC) Analyst Forecast & Price Prediction
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