27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Providing a diverse range of perspectives from bullish to bearish, 35 analysts have published ratings on Target (NYSE:TGT) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 13 | 9 | 13 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 2 | 0 | 1 | 0 | 0 |
| 2M Ago | 10 | 9 | 11 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Target, presenting an average target of $181.86, a high estimate of $210.00, and a low estimate of $153.00. This upward trend is evident, with the current average reflecting a 14.1% increase from the previous average price target of $159.38.
Decoding Analyst Ratings: A Detailed Look
The analysis of recent analyst actions sheds light on the perception of Target by financial experts. The following summary presents 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 | Lowers | In-Line | $180.00 | $183.00 |
| Corey Tarlowe | Jefferies | Raises | Buy | $205.00 | $195.00 |
| Ivan Feinseth | Tigress Financial | Raises | Buy | $210.00 | $180.00 |
| 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 | - |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Target. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Target compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Target's stock. This comparison reveals trends in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Target's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Target analyst ratings.
All You Need to Know About Target
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 US retailer.Today, Target operates over 1,950 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.
Unraveling the Financial Story of 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 its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Target's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.33% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Target's ROE excels beyond industry benchmarks, reaching 10.65%. This signifies robust financial management and efficient use of shareholder equity capital.
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 at 1.46, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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