Will 2018 Be McDonald's Corp.'s Best Year Yet?
There's no denying that McDonald's (NYSE: MCD) is having a heck of a year. The fast-food giant has seen its shares hit new all-time highs every single day this week, trading 46% higher so far in 2017. McDonald's stock has now more than doubled since Steve Easterbrook was tapped as the chain's CEO in early 2015, but that doesn't mean it's due for a breather next year.
A lot of the brand revival and profit-popping initiatives are just starting to bear fruit, and 2018 will be another year where investors can ignore the top-line declines and focus on the booming earnings growth. Mickey D's has never been as valuable as it is right now, but the chances are good that it will be worth even more a year from now.
Image source: McDonald's.
Source: Fool.com
McDonalds Corp. Stock
With 49 Buy predictions and 1 Sell predictions McDonalds Corp. is one of the favorites of our community.
With a target price of 296 € there is a slightly positive potential of 17.86% for McDonalds Corp. compared to the current price of 251.15 €.
