In the preceding three months, 34 analysts have released ratings for Target TGT, presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 11 | 11 | 12 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 10 | 8 | 10 | 0 | 0 |
| 2M Ago | 1 | 1 | 1 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Target, revealing an average target of $179.12, a high estimate of $206.00, and a low estimate of $153.00. This upward trend is apparent, with the current average reflecting a 14.96% increase from the previous average price target of $155.81.
Interpreting Analyst Ratings: A Closer Look
A comprehensive examination of how financial experts perceive Target is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Greg Melich | Evercore ISI Group | Raises | In-Line | $185.00 | $180.00 |
| Oliver Chen | TD Cowen | Raises | Market Perform | $185.00 | $148.00 |
| Chris Graja | Argus Research | Raises | Buy | $200.00 | $160.00 |
| Rupesh Parikh | Oppenheimer | Raises | Outperform | $200.00 | $170.00 |
| Joseph Feldman | Telsey Advisory Group | Raises | Outperform | $195.00 | $160.00 |
| Christopher Horvers | JP Morgan | Raises | Neutral | $180.00 | $157.00 |
| Robert Ohmes | B of A Securities | Raises | Buy | $190.00 | $160.00 |
| Michael Lasser | UBS | Raises | Buy | $191.00 | $174.00 |
| Scot Ciccarelli | Truist Securities | Raises | Hold | $160.00 | $142.00 |
| Kate McShane | Goldman Sachs | Raises | Buy | $194.00 | $176.00 |
| Bill Kirk | Roth MKM | Raises | Neutral | $153.00 | $140.00 |
| Greg Melich | Evercore ISI Group | Raises | In-Line | $180.00 | $165.00 |
| Mark Astrachan | Stifel | Raises | Hold | $177.00 | $153.00 |
| Steven Shemesh | RBC Capital | Raises | Outperform | $191.00 | $157.00 |
| Kelly Bania | BMO Capital | Raises | Market Perform | $170.00 | $145.00 |
| Corey Tarlowe | Jefferies | Raises | Buy | $195.00 | $170.00 |
| Paul Trussell | Deutsche Bank | Raises | Buy | $206.00 | $149.00 |
| Michael Baker | DA Davidson | Raises | Buy | $195.00 | $167.00 |
| Paul Lejuez | Citigroup | Raises | Neutral | $180.00 | $142.00 |
| Seth Sigman | Barclays | Raises | Equal-Weight | $169.00 | $142.00 |
| Robert Drbul | Guggenheim | Raises | Buy | $190.00 | $160.00 |
| George Kelly | Wells Fargo | Raises | Overweight | $190.00 | $165.00 |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $190.00 | $165.00 |
| Daniela Bretthauer | HSBC | Raises | Buy | $195.00 | $140.00 |
| Michael Lasser | UBS | Maintains | Buy | $174.00 | $174.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $160.00 | - |
| Christopher Horvers | JP Morgan | Raises | Neutral | $157.00 | $125.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $160.00 | - |
| Rupesh Parikh | Oppenheimer | Raises | Outperform | $170.00 | $160.00 |
| George Kelly | Wells Fargo | Raises | Overweight | $165.00 | $155.00 |
| Mark Astrachan | Stifel | Raises | Hold | $153.00 | $141.00 |
| Chuck Grom | Gordon Haskett | Announces | Buy | $170.00 | - |
| Simeon Gutman | Morgan Stanley | Raises | Overweight | $165.00 | $140.00 |
| George Kelly | Wells Fargo | Raises | Overweight | $155.00 | $148.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Target. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Target compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Target's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Target's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Target analyst ratings.
Delving into Target's Background
Target serves as the nation's sixth-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a top U.S. retailer.Today, Target operates over 1,900 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
Financial Insights: Target
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Target's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 1.67%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Target's net margin excels beyond industry benchmarks, reaching 4.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Target's ROE stands out, surpassing industry averages. With an impressive ROE of 10.65%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.48%, the company showcases effective utilization of assets.
Debt Management: Target's debt-to-equity ratio is below the industry average. With a ratio of 1.46, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Understanding the Relevance of Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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