#5 - Target (NYSE:TGT)
Target Corp. (NYSE: TGT) has already been one of the comeback stories of 2024. For reasons that have been discussed extensively, TGT stock was punished in 2023. But just when it looked like the company was back, it missed on the top and bottom lines in the first quarter. The more distressing point to investors is that this made it five straight quarters of top line misses.
However, analysts are guiding to a 20% upside for TGT stock. For that to happen, it will need some help with back-to-school sales. Investors will get their first idea of what to expect from Target when it reports earnings on August 21.
Analysts are forecasting an ambitious 22% year-over-year jump in earnings when Target reports. TGT stock is already holding a level of support around $145. If the company delivers on expectations, analysts will be raising their price targets and the moving average for TGT stock is likely to move higher.
About Target
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
Read More - Current Price
- $130.84
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $161.63 (23.5% Upside)
