McDonald's shares rose 0.98% to $240.66 on Thursday after reaching a four-year low the previous day, but remained on course for a seventh straight weekly decline, its longest losing streak since July 2014. The company used its 2026 Investor Day to set long-term targets under its NEXT strategy, including $8.5 billion of partnering support through 2036, roughly $5 billion of it by the end of 2030. Restaurant NEXT is intended to produce a 250-basis-point efficiency improvement and about $100,000 of additional annual gross cash flow per restaurant. McDonald's also targets a global franchise mix of about 98% by the end of 2028, adjusted operating margins in the low-to-mid-50% range and free-cash-flow conversion in the mid-to-high-80% range by 2030. The company plans expansions in chicken and beverages and a broader rollout of its ArchIQ technology platform, while TD Cowen and BTIG lowered their price targets following the presentation.