Analysts' ratings for Target TGT over the last quarter vary from bullish to bearish, as provided by 31 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 10 | 11 | 10 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 10 | 8 | 10 | 0 | 0 |
| 2M Ago | 0 | 1 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $178.06, a high estimate of $206.00, and a low estimate of $153.00. This current average reflects an increase of 14.83% from the previous average price target of $155.07.
Exploring Analyst Ratings: An In-Depth Overview
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 |
|---|---|---|---|---|---|
| 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: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Target. This insight gives a snapshot of analysts' perspectives on 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 provide insights into price targets, offering estimates for the future value of Target's stock. This comparison reveals trends in analysts' expectations over time.
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.
Target: A Financial Overview
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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 25.68%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Target's net margin is impressive, surpassing industry averages. With a net margin of 4.33%, the company demonstrates strong profitability and effective cost management.
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): Target's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.48% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Target's debt-to-equity ratio is below the industry average at 1.44, reflecting a lower dependency on debt financing and a more conservative financial approach.
What Are Analyst Ratings?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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