Target (TGT) Stock Forecast & Price Target

$127.34 -3.19 (-2.44%)

(As of 02:40 PM ET)

Target - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 32 Analyst Ratings

Sell
1

Hold
15

Buy
16

Based on 32 Wall Street analysts who have issued ratings for Target in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 32 analysts, 1 has given a sell rating, 15 have given a hold rating, 15 have given a buy rating, and 1 has given a strong buy rating for TGT.

Consensus Price Target

$160.30
25.88% Upside

According to the 32 analysts' twelve-month price targets for Target, the average price target is $160.30. The highest price target for TGT is $220.00, while the lowest price target for TGT is $108.00. The average price target represents a forecasted upside of 25.88% from the current price of $127.34.

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TGT Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	19 Buy rating(s)	18 Buy rating(s)	13 Buy rating(s)
Hold	15 Hold rating(s)	10 Hold rating(s)	8 Hold rating(s)	16 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$160.30	$179.47	$179.18	$154.39
Forecasted Upside	25.88% Upside	18.73% Upside	14.23% Upside	17.57% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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TGT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TGT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Target Stock vs. The Competition

Type	Target	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.53	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	23.86% Upside	22.08% Upside	6.38% Upside
News Sentiment Rating	Neutral News See Recent TGT News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	Daiwa Capital Markets 1 of 5 stars		Downgrade	Outperform ➝ Neutral	$170.00 ➝ $130.00	-0.38%
11/25/2024	Oppenheimer 3 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$165.00 ➝ $165.00	+26.90%
11/21/2024	Stifel Nicolaus 4 of 5 stars		Lower Target	Hold ➝ Hold	$165.00 ➝ $137.00	+12.27%
11/21/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$165.00 ➝ $145.00	+18.72%
11/21/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$180.00 ➝ $145.00	+18.72%
11/21/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$165.00 ➝ $130.00	+5.61%
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11/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$195.00 ➝ $160.00	+29.49%
11/21/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$167.00 ➝ $139.00	+12.29%
11/21/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$160.00 ➝ $120.00	-3.06%
11/21/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$156.00 ➝ $130.00	+6.38%
11/21/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$157.00 ➝ $131.00	+7.62%
11/20/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Bretthauer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/20/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$180.00 ➝ $150.00	+23.23%
11/20/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$138.00	+13.36%
11/20/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$195.00 ➝ $195.00	+60.82%
11/20/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$184.00 ➝ $108.00	-16.88%
11/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Lejuez Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$188.00 ➝ $130.00	-16.67%
10/22/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Z. Ma Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Market Perform	$168.00	+11.32%
9/23/2024	Melius Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$180.00	+15.82%
8/26/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Tamada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/22/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$185.00 ➝ $200.00	+25.21%
8/22/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$174.00 ➝ $177.00	+10.81%
8/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $195.00	+23.95%
8/22/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$156.00 ➝ $162.00	+1.27%
8/21/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$180.00 ➝ $180.00	+11.70%
6/3/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Bottiglieri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$116.00	-25.72%
5/23/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$190.00 ➝ $190.00	+31.52%
4/4/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$200.00 ➝ $220.00	+25.35%
3/27/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $210.00	+21.58%
3/6/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$167.00 ➝ $195.00	+14.87%
3/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$142.00 ➝ $169.00	+0.24%
3/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$176.00 ➝ $194.00	+15.07%
7/26/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Strong-Buy ➝ Market Perform
3/1/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
3/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$160.00 ➝ $170.00	+5.09%
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$210.00 ➝ $200.00	+15.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 03:03 PM ET.

Should I Buy Target Stock? TGT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Target pros and cons to contact@marketbeat.com.

Target
Bull Case

Here are some ways that investors could benefit from investing in Target Co.:

Target Co. recently announced a quarterly dividend of $1.12, which reflects a strong commitment to returning value to shareholders. This translates to an annualized dividend of $4.48, providing a dividend yield of 3.68%, which is attractive for income-focused investors.
The company reported a revenue increase of 0.9% compared to the same quarter last year, indicating resilience in its business model despite economic challenges. This growth can be a positive sign for potential investors looking for stability.
Target Co. has a strong return on equity of 33.10%, suggesting effective management and profitability. A high return on equity indicates that the company is efficiently using shareholders' equity to generate profits.
Recent analyst upgrades, including a price target increase from JPMorgan Chase & Co. to $167.00, suggest that market experts see potential for growth in Target Co.'s stock price, which could lead to capital gains for investors.
The current stock price of Target Co. is around $158.67, which may present a buying opportunity for investors looking to enter at a favorable price point, especially given the positive outlook from analysts.

Target
Bear Case

Investors should be bearish about investing in Target Co. for these reasons:

Target Co. reported earnings per share (EPS) of $1.85 for the latest quarter, missing the consensus estimate of $2.30 by $0.45. This earnings miss could raise concerns about the company's ability to meet future expectations.
The company’s revenue of $25.23 billion fell short of the consensus estimate of $25.87 billion, indicating potential challenges in sales performance that could affect future profitability.
Insider selling activity has been notable, with significant shares sold by executives, including a 12.90% decrease in ownership by CEO Brian C. Cornell. This could signal a lack of confidence in the company's near-term prospects.
Target Co. has a payout ratio of 46.28%, which indicates that a significant portion of its earnings is being paid out as dividends. While this is sustainable for now, it may limit the company's ability to reinvest in growth opportunities.
Analysts have mixed ratings on the stock, with one sell rating and a consensus rating of "Moderate Buy." This divergence in opinions may create uncertainty for potential investors regarding the stock's future performance.

TGT Forecast - Frequently Asked Questions

: According to the research reports of 32 Wall Street equities research analysts, the average twelve-month stock price forecast for Target is $160.30, with a high forecast of $220.00 and a low forecast of $108.00.
: 32 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There is currently 1 sell rating, 15 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TGT shares.
: According to analysts, Target's stock has a predicted upside of 25.88% based on their 12-month stock forecasts.
: Over the previous 90 days, Target's stock had 5 downgrades by analysts.
: Target has been rated by research analysts at Bank of America, BMO Capital Markets, Citigroup, Daiwa Capital Markets, Deutsche Bank Aktiengesellschaft, Evercore ISI, Guggenheim, Hsbc Global Res, HSBC, JPMorgan Chase & Co., Melius Research, Oppenheimer, Piper Sandler, Roth Mkm, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Target less than other "retail/wholesale" companies. The consensus rating score for Target is 2.50 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how TGT compares to other companies.

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This page (NYSE:TGT) was last updated on 11/26/2024 by MarketBeat.com Staff

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Target (TGT) Stock Forecast & Price Target