Goldman Sachs adds McDonald's stock to its US conviction list

Goldman Sachs adds McDonald's stock to its US conviction list

Goldman Sachs has recently updated its US conviction buy list, adding McDonald's (NYSE: MCD) to the roster. This move reflects the investment bank's bullish outlook on the fast-food giant's growth prospects and market positioning [1].

The upgrade comes with a "Buy" rating and a price target of $300.00, up from the previous target of $285.00. Goldman Sachs analysts cited strong global demand for fast food, the company's successful implementation of digital ordering and delivery services, and robust financial performance, including consistent revenue growth and expanding profit margins, as key factors driving the upgrade [1].

McDonald's has shown resilience during the ongoing economic uncertainty, with its strong brand recognition and diverse revenue streams providing a buffer against market volatility. The analysts expect the company to continue its growth trajectory, driven by its strengths in the fast-food sector [1].

References:
[1] https://www.ainvest.com/news/mcdonald-walmart-added-conviction-buy-list-goldman-2509-97/
[2] https://uk.finance.yahoo.com/news/mcdonald-corporation-mcd-secures-long-151334131.html
[3] https://www.ainvest.com/news/porch-group-stock-jumps-goldman-sachs-initiates-buy-rating-2509/
[4] https://247wallst.com/investing/2025/09/01/4-of-goldman-sachs-buy-rated-top-dividend-picks-have-double-digit-upside/