Target Likely To Post Sharp Rise In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Target Corporation TGT is expected to report its second-quarter financial results, before the opening bell on Aug. 16, 2023.

Analysts expect the company to post quarterly earnings at $1.39 per share, up sharply from year-ago earnings of 39 cents per share. The company’s revenue might come in at $25.18 billion, compared to $26.04 billion in the year-ago period.

Target shares fell 2.6% to close at $125.05 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.

• Piper Sandler analyst Edward Yruma maintained an Overweight rating and cut the price target from $220 to $185 on Aug. 14, 2023. This analyst has an accuracy rate of 74%.
• Stifel analyst Mark Astrachan maintained a Hold rating and slashed the price target from $175 to $160 on Aug. 14, 2023. This analyst has an accuracy rate of 82%.
• Wells Fargo analyst George Kelly maintained an Equal-Weight rating and cut the price target from $165 to $135 on Aug. 9, 2023. This analyst has an accuracy rate of 75%.
• Oppenheimer analyst Rupesh Parikh maintained an Outperform rating and cut the price target from $190 to $165 on Aug. 1, 2023. This analyst has an accuracy rate of 76%.
• Raymond James analyst Bobby Griffin downgraded the stock from Strong Buy to Market Perform on July 26, 2023. This analyst has an accuracy rate of 76%.

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