Target Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Target Corporation TGT is projected to release financial results for its third quarter, before the opening bell on Nov. 15, 2023.

Analysts expect the company to post quarterly earnings at $1.48 per share, down from year-ago earnings of $1.54 per share. The company’s revenue might come in at $25.31 billion, compared to $26.52 billion in the year-ago period.

Target recently announced its decision to shutter nine of its stores spread over four states in the U.S., including the Golden State of California.

Target shares gained 4.3% to close at $110.79 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.

• B of A Securities analyst Robert Ohmes upgraded the stock from Neutral to Buy and raised the price target from $120 to $135 on Oct. 12, 2023. This analyst has an accuracy rate of 76%.
• Truist Securities analyst Scot Ciccarelli maintained a Hold rating and cut the price target from $133 to $116 on Oct. 5, 2023. This analyst has an accuracy rate of 72%.
• Stifel analyst Mark Astrachan maintained a Hold rating and slashed the price target from $145 to $130 on Sept. 26, 2023. This analyst has an accuracy rate of 83%.
• DA Davidson analyst Michael Baker maintained a Buy rating and cut the price target from $193 to $177 on Aug. 17, 2023. This analyst has an accuracy rate of 79%.
• JP Morgan analyst Christopher Horvers maintained a Neutral rating and raised the price target from $115 to $120 on Aug. 17, 2023. This analyst has an accuracy rate of 74%.

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