Target TGT has been analyzed by 23 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 8 | 10 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 0 |
| 2M Ago | 4 | 7 | 8 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $174.48, a high estimate of $200.00, and a low estimate of $147.00. This upward trend is apparent, with the current average reflecting a 0.97% increase from the previous average price target of $172.81.
Investigating Analyst Ratings: An Elaborate Study
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 |
|---|---|---|---|---|---|
| Karen Short | Melius Research | Announces | Buy | $180.00 | - |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $195.00 | $195.00 |
| Christopher Horvers | JP Morgan | Raises | Neutral | $167.00 | $153.00 |
| Paul Lejuez | Citigroup | Raises | Buy | $188.00 | $180.00 |
| George Kelly | Wells Fargo | Raises | Overweight | $180.00 | $160.00 |
| Steven Shemesh | RBC Capital | Raises | Outperform | $177.00 | $174.00 |
| Michael Lasser | UBS | Raises | Buy | $200.00 | $185.00 |
| Oliver Chen | TD Cowen | Raises | Hold | $180.00 | $165.00 |
| Corey Tarlowe | Jefferies | Raises | Buy | $195.00 | $190.00 |
| Scot Ciccarelli | Truist Securities | Raises | Hold | $162.00 | $156.00 |
| Greg Melich | Evercore ISI Group | Raises | In-Line | $160.00 | $158.00 |
| Mark Astrachan | Stifel | Raises | Hold | $165.00 | $147.00 |
| Bill Kirk | Roth MKM | Raises | Neutral | $157.00 | $153.00 |
| Robert Ohmes | B of A Securities | Raises | Buy | $195.00 | $190.00 |
| Simeon Gutman | Morgan Stanley | Maintains | Overweight | $180.00 | $180.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $190.00 | $190.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $190.00 | $190.00 |
| Rupesh Parikh | Oppenheimer | Lowers | Outperform | $180.00 | $200.00 |
| Mark Astrachan | Stifel | Lowers | Hold | $147.00 | $170.00 |
| George Kelly | Wells Fargo | Lowers | Overweight | $160.00 | $175.00 |
| Christopher Horvers | JP Morgan | Lowers | Neutral | $153.00 | $165.00 |
| Scot Ciccarelli | Truist Securities | Raises | Hold | $156.00 | $153.00 |
| Peter Keith | Piper Sandler | Announces | Neutral | $156.00 | - |
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: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Target compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Target's stock. This comparison reveals trends in analysts' expectations over time.
For valuable insights into Target's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
Stay up to date on Target analyst ratings.
Unveiling the Story Behind Target
Target serves as the nation's seventh-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 leading 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.
Key Indicators: Target's Financial Health
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Target's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 2.74%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower 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 4.68%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Target's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.43% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Target's ROA excels beyond industry benchmarks, reaching 2.15%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.3.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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