McDonald's Stock Price Falls 26%, Analysts Still See 43% Upside

McDonald's has been struggling lately, but analysts are still optimistic about its future. The company's stock price has fallen by 26% from its average target of $313, according to Truist's Jake Bartlett.

Bartlett believes that McDonald's can still reach a target price of $356, which would represent a gain of around 43% from its current level.

The key factors driving this optimism are the company's loyalty program, which has attracted nearly 220 million users and generated over $40 billion in digital sales. Additionally, the introduction of the under-$3 value menu is expected to boost traffic and sales.

While McDonald's execution issues have been a major concern, analysts believe that these problems can be addressed through improved management and franchisee alignment.