Target Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Target Corporation TGT will release earnings results for the third quarter, before the opening bell on Wednesday, Nov. 20.

Analysts expect Target to report quarterly earnings at $2.30 per share. That's up from $2.10 per share a year ago. The retailer projects to report quarterly revenue of $25.9 billion, compared to $25.4 billion a year earlier, according to data from Benzinga Pro.

On Oct. 22, Target announced plans to slash prices on over 2,000 items for holiday savings, expanding discounts on gifts and essentials.

Target shares fell 0.4% to close at $156.00 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating with a price target of $195 on Nov. 13. This analyst has an accuracy rate of 71%.
• Evercore ISI Group analyst Greg Melich maintained an In-Line rating and cut the price target from $170 to $165 on Oct. 22. This analyst has an accuracy rate of 78%.
• Bernstein analyst Dean Rosenblum initiated coverage on the stock with a Market Perform rating and a price target of $168 on Oct. 22. This analyst has an accuracy rate of 61%.
• JP Morgan analyst Christopher Horvers maintained a Neutral rating and boosted the price target from $153 to $167 on Aug. 29. This analyst has an accuracy rate of 72%.
• Wells Fargo analyst Edward Kelly maintained an Overweight rating and increased the price target from $160 to $180 on Aug. 22. This analyst has an accuracy rate of 63%.

Considering buying TGT stock? Here’s what analysts think:

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