Target (TGT) Stock Forecast & Price Target

$149.19

-1.72 (-1.14%)

(As of 10/22/2024 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 31 Analyst Ratings

Sell
1

Hold
10

Buy
20

Based on 31 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 31 analysts, 1 has given a sell rating, 10 have given a hold rating, 19 have given a buy rating, and 1 has given a strong buy rating for TGT.

Consensus Price Target

$179.47
20.29% Upside

According to the 31 analysts' twelve-month price targets for Target, the average price target is $179.47. The highest price target for TGT is $220.00, while the lowest price target for TGT is $116.00. The average price target represents a forecasted upside of 20.29% from the current price of $149.19.

TGT Analyst Ratings Over Time

Type	Current Forecast 10/24/23 to 10/23/24	1 Month Ago 9/24/23 to 9/23/24	3 Months Ago 7/26/23 to 7/25/24	1 Year Ago 10/24/22 to 10/24/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	19 Buy rating(s)	19 Buy rating(s)	17 Buy rating(s)	15 Buy rating(s)
Hold	10 Hold rating(s)	8 Hold rating(s)	11 Hold rating(s)	17 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$179.47	$179.69	$176.57	$157.35
Forecasted Upside	20.29% Upside	15.71% Upside	20.70% Upside	44.83% 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	Consumer Defensive Companies	S&P 500
Consensus Rating Score	2.65	2.50	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	20.29% Upside	17.00% Upside	7.92% Upside
News Sentiment Rating	Neutral News See Recent TGT News	Neutral 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
10/22/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$170.00 ➝ $165.00	+10.40%
10/22/2024	Sanford C. Bernstein 3 of 5 stars		Initiated Coverage	Market Perform	$168.00	+11.32%
9/23/2024	Melius Research 0 of 5 stars	K. Short Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$180.00	+15.82%
9/19/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$195.00 ➝ $195.00	+24.61%
8/29/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$153.00 ➝ $167.00	+8.17%
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
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8/26/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$170.00	+7.03%
8/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $188.00	+17.82%
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	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$160.00 ➝ $180.00	+12.69%
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	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$165.00 ➝ $180.00	+14.42%
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%
8/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$190.00 ➝ $195.00	+22.45%
8/22/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$153.00 ➝ $157.00	-1.41%
8/22/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$147.00 ➝ $165.00	+3.61%
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%
8/14/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$200.00 ➝ $180.00	+31.71%
7/10/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$156.00	+5.67%
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	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$209.00 ➝ $190.00	+31.21%
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%
5/23/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$170.00 ➝ $155.00	+8.70%
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	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$160.00 ➝ $190.00	+12.69%
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%
3/6/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$140.00 ➝ $195.00	+15.66%
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%
11/17/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$200.00 ➝ $180.00	+15.78%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:24 AM 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 Wednesday, October 16, 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.'s stock price on record date was $153.62, showing stability and potential for growth.
Target Co. has a high institutional ownership percentage of 81.15%, indicating confidence from large investors.
Target Co. has shown a positive 52-week performance of 20.26%, outperforming the market.
Target Co. has a low short percentage of float at 3.15%, reducing the risk of short squeezes.
Target Co. has a strong average daily volume of 4,240,000 shares, indicating active trading and liquidity.

Target
Bear Case

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

Target Co.'s month-to-month change in shares shorted percentage is 10.78%, indicating increased bearish sentiment.
Target Co. has a high days to cover ratio of 3.4, suggesting potential volatility due to short interest.
Target Co.'s short percentage of float is 3.15%, which could lead to increased selling pressure.
Target Co.'s outstanding shares are 494,720,000, which may dilute earnings per share for existing shareholders.
Target Co.'s float size is 459,430,000, which may impact price movements due to supply and demand dynamics.

TGT Forecast - Frequently Asked Questions

: According to the research reports of 31 Wall Street equities research analysts, the average twelve-month stock price forecast for Target is $179.47, with a high forecast of $220.00 and a low forecast of $116.00.
: 31 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, 10 hold ratings, 19 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 20.29% based on their 12-month stock forecasts.
: Over the previous 90 days, Target's stock had 2 upgrades by analysts.
: Target has been rated by research analysts at Bank of America, Citigroup, Daiwa America, Daiwa Capital Markets, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Melius Research, Morgan Stanley, Oppenheimer, Roth Mkm, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, Telsey Advisory Group, Truist Financial, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Target more than other "consumer defensive" companies. The consensus rating score for Target is 2.65 while the average consensus rating score for "consumer defensive" companies is 2.50. Learn more on how TGT compares to other companies.

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This page (NYSE:TGT) was last updated on 10/23/2024 by MarketBeat.com Staff

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Target (TGT) Stock Forecast & Price Target