The Macquarie Group Ltd (ASX: MQG) share price has been an excellent performer over the long term. This year, it's up 22%; over the past three years, it's up 50%; and over the past decade, it's up around 200%, at the time of writing.
The business has four divisions – Macquarie Asset Management (MAM), banking and financial services (BFS), commodities and global markets (CGM), and Macquarie Capital (investment banking).
Some of those divisions are quite cyclical/volatile, but the BFS division is growing rapidly in each result, which is a great sign of success. It's quickly growing to challenge National Australia Bank Ltd (ASX: NAB) and ANZ Group Holdings Ltd (ASX: ANZ) in scale.
Let's look at what experts think could happen with the Macquarie share price in the year ahead and how the business is performing.
Analyst projections for the Macquarie share price
Excitingly, experts are expecting the ASX financial share to rise from here.
According to CMC Invest, there have been 9 analyst ratings in the last 3 months. Six of those ratings calls were a buy rating and three were a hold rating.
Those analysts each issued a price target. A price target tells investors where the analyst thinks the share price will go in the next 12 months. Of course, this is not a guaranteed return; it's just a projection.
The average price target of those nine ratings calls is $267.99. At the time of writing, that implies a possible rise of around 7% over the next year. When you add in the projected dividend yield of 3% (excluding franking credits), the total return could be around 10%, according to CMC Invest.
From those nine analysts, the most optimistic price target is $301.73, implying a possible rise of 21% over the next year (at the time of writing).
The most pessimistic Macquarie share price target is $241.38, suggesting a possible decline of 3% over the next 12 months.
How is the ASX financial share performing?
The latest update from the business was the first quarter of FY27, being the three months to 30 June 2026.
The Macquarie Asset Management division reported it had $748 billion in assets under management (AUM) at June 2026, up 4% compared to 31 March 2026, primarily driven by increased net asset valuations, favourable market movements, and positive net flows.
BFS saw its deposits grow 4% quarter over quarter to $223.3 billion at 30 June 2026. The home loan portfolio grew 6% quarter over quarter to $191.5 billion. Finally, the business banking loan portfolio improved by 3% quarter over quarter to $18.7 billion. Those are strong growth trends on an annualised basis.
The CGM division saw a higher quarterly profit year over year, thanks to increased trading activity in North American Gas and Power.
The ASX financial share said that Macquarie Capital had higher investment-related and brokerage income. At 30 June 2026, the private credit portfolio of $27.2 billion was in line with 31 March 2026, and the equity portfolio was $5.1 billion, broadly in line with 31 March 2026.
According to CMC Invest, the Macquarie share price is valued at 18 times FY27's estimated earnings. It seems like the company has a positive future, but there could be even stronger returns available with other ASX shares.
The post How much could the Macquarie share price rise in the next year? appeared first on The Motley Fool Australia.
Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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