TD Cowen Affirms Hold Rating on McDonald's (MCD) with a $305 Price Target

On June 5, TD Cowen maintained a Hold rating on McDonald's Corporation (NYSE:MCD) with a $305 price target. This decision came after insights from experts from the quick service industry, which resulted in forecasts of a 2.8% boost in US same-store sales for Q2 2025. The analysts expect MCD shares to range from $305 to $320, noting the robust dividend record of consistently increasing dividends for 49 years.

A cook in a busy kitchen assembling cheeseburgers for orders.

Industry professionals are optimistic about the sales environment in the latter half of 2025. The outlook is primarily supported by potentially favorable comparisons and the expected success of the McCrispy Strips, seen as the brand's most notable menu upgrade this year.

Despite the promising outlook, TD Cowen analysts were guarded about the mass rollout of CosMc’s beverages to McDonald’s core brand in 2025. However, they observed the significance of going live with cold brew coffee, which is simple to make and needs minimal customization.

According to TD Cowen, McDonald's Corporation (NYSE:MCD) shows signs of upcoming growth, but a more reliable sales trajectory is essential to break out of its present trading range.

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READ MORE: 10 Best Magic Formula Stocks for 2025 and 10 Best Retirement Stocks to Buy According to Hedge Funds.

Disclosure: None.