Shares of Macerich Co (Symbol: MAC) surpassed the average analyst 12-month target price of $18.48, trading at $18.49 per share. This shift signals investors to reassess the company’s valuation and future potential as it approaches this benchmark.
Analyst targets for Macerich range from a low of $12.00 to a high of $24.00, with a standard deviation of $3.976. Currently, the breakdown of ratings includes 1 strong buy, 6 hold, and 4 strong sell ratings, giving an average rating of 3.48 on a scale where 1 is strong buy and 5 is strong sell.
