Tanger Inc has a consensus price target of $28.6 based on the ratings of 10 analysts. The high is $34 issued by Compass Point on September 11, 2024. The low is $20 issued by B of A Securities on August 22, 2023. The 3 most-recent analyst ratings were released by Evercore ISI Group, Compass Point, and Evercore ISI Group on September 16, 2024, September 11, 2024, and August 28, 2024, respectively. With an average price target of $31.33 between Evercore ISI Group, Compass Point, and Evercore ISI Group, there's an implied -1.81% downside for Tanger Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Tanger (NYSE:SKT) was reported by Evercore ISI Group on September 16, 2024. The analyst firm set a price target for $31.00 expecting SKT to fall to within 12 months (a possible -2.85% downside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for Tanger (NYSE:SKT) was provided by Evercore ISI Group, and Tanger maintained their in-line rating.
The last upgrade for Tanger Inc happened on May 17, 2024 when Scotiabank raised their price target to $28. Scotiabank previously had a sector underperform for Tanger Inc.
The last downgrade for Tanger Inc happened on November 8, 2023 when Compass Point changed their price target from N/A to $26 for Tanger Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Tanger, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Tanger was filed on September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.
While ratings are subjective and will change, the latest Tanger (SKT) rating was a maintained with a price target of $29.00 to $31.00. The current price Tanger (SKT) is trading at is $31.91, which is out of the analyst’s predicted range.
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