The Macquarie Group Ltd (ASX: MQG) share price has been feeling pain in the last few weeks, just like many other stocks. But, experts are optimistic that the ASX financial share could deliver good returns over the next 12 months.
Macquarie is one of the most diversified businesses on the ASX, particularly in the financial sector, due to the varied operations of its segments and how it has a global earnings base.
Impressively, it makes around two-thirds of its money internationally, which I think is a powerful tool because it reduces the risk of being too focused on one region, and it also means it can look across the world for the best places to invest for growth.
Additionally, I also like how it has four different areas of its business – investment banking (Macquarie Capital), asset management (Macquarie Asset Management (MAM)), banking and financial services (BFS), and commodities and global markets (CGM).
The company has a variety of ways of making a profit and looking for further growth avenues. Due to this, I prefer Macquarie over the major ASX bank shares.
With its global and diversified earnings base in mind, I think it's well-placed to navigate the current volatile markets.
Let's take a look at what experts think could happen to the ASX financial share in the coming months.
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Exciting Macquarie share price target
A price target tells investors where experts believe the share price will be trading in 12 months from the time that they make that analysis call, taking into account the company's earnings trajectory and other elements worth considering with the valuation.
According to CMC Invest, there are five recent buy ratings (and four hold ratings) on the business.
Of those nine ratings, the average price target is $228.95. That suggests a possible rise of more than 17% over the next year, from where it is at the time of writing.
The latest update from the business was for the FY26 third quarter, for the three months to December 2025, which showed positive year-over-year growth for the business.
It reported for that quarter that the MAM net profit was "substantially up", BFS net profit was "slightly up", CGM net profit was "substantially up" and Macquarie Capital net profit was "substantially up".
While one quarter's performance isn't the whole financial year, nor is it necessarily reflective of how earnings will perform during 2026, I think it's a good sign for Macquarie and shows it can deliver strong growth at times.
I'm particularly impressed by the level of deposit and loan growth at Macquarie's BFS – they grew 6% and 7%, respectively, quarter over quarter. That's a great growth rate and could help Macquarie become a 'big 5' bank in Australia in the coming years.
