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Target (TGT) Stock Forecast & Price Target

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$132.40 +0.48 (+0.36%)
(As of 12/24/2024 05:19 PM ET)

Target - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
1
Hold
16
Buy
15

Based on 32 Wall Street analysts who have issued ratings for Target in the last 12 months, the stock has a consensus rating of "Hold." Out of the 32 analysts, 1 has given a sell rating, 16 have given a hold rating, and 15 have given a buy rating for TGT.

Consensus Price Target

$160.57
21.27% Upside
According to the 32 analysts' twelve-month price targets for Target, the average price target is $160.57. 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 21.27% from the current price of $132.40.
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TGT Analyst Ratings Over Time

TypeCurrent Forecast
12/26/23 to 12/25/24
1 Month Ago
11/26/23 to 11/25/24
3 Months Ago
9/27/23 to 9/26/24
1 Year Ago
12/26/22 to 12/26/23
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
15 Buy rating(s)
16 Buy rating(s)
19 Buy rating(s)
12 Buy rating(s)
Hold
16 Hold rating(s)
14 Hold rating(s)
8 Hold rating(s)
15 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$160.57$161.63$179.69$153.88
Forecasted Upside21.27% Upside23.86% Upside15.25% Upside9.11% Upside
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold

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.
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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.
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Target Stock vs. The Competition

TypeTargetRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.44
2.50
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside21.27% Upside27.56% Upside13.49% Upside
News Sentiment Rating
Positive News

See Recent TGT News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/10/2024Stifel Nicolaus
4 of 5 stars
 Boost TargetHold ➝ Hold$137.00 ➝ $145.00+6.75%
11/26/2024Daiwa America
0 of 5 stars
K. Tamada
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DowngradeStrong-Buy ➝ Hold
11/26/2024Daiwa Capital Markets
1 of 5 stars
 DowngradeOutperform ➝ Neutral$170.00 ➝ $130.00-0.38%
11/25/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$165.00 ➝ $165.00+26.90%
11/21/2024TD Cowen
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 Lower TargetHold ➝ Hold$165.00 ➝ $145.00+18.72%
11/21/2024Guggenheim
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 Lower TargetBuy ➝ Buy$180.00 ➝ $145.00+18.72%
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11/21/2024Evercore ISI
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 Lower TargetIn-Line ➝ In-Line$165.00 ➝ $130.00+5.61%
11/21/2024Bank of America
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 Lower TargetBuy ➝ Buy$195.00 ➝ $160.00+29.49%
11/21/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$167.00 ➝ $139.00+12.29%
11/21/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$160.00 ➝ $120.00-3.06%
11/21/2024Piper Sandler
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P. Keith
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Lower TargetNeutral ➝ Neutral$156.00 ➝ $130.00+6.38%
11/21/2024Roth Mkm
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 Lower TargetNeutral ➝ Neutral$157.00 ➝ $131.00+7.62%
11/20/2024Hsbc Global Res
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D. Bretthauer
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DowngradeStrong-Buy ➝ Hold
11/20/2024Wells Fargo & Company
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 Lower TargetOverweight ➝ Overweight$180.00 ➝ $150.00+23.23%
11/20/2024HSBC
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 DowngradeBuy ➝ Hold$138.00+13.36%
11/20/2024Telsey Advisory Group
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 Reiterated RatingOutperform ➝ Outperform$195.00 ➝ $195.00+60.82%
11/20/2024Deutsche Bank Aktiengesellschaft
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 DowngradeBuy ➝ Hold$184.00 ➝ $108.00-16.88%
11/20/2024Citigroup
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P. Lejuez
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DowngradeBuy ➝ Neutral$188.00 ➝ $130.00-16.67%
10/22/2024Sanford C. Bernstein
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Z. Ma
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Initiated CoverageMarket Perform$168.00+11.32%
9/23/2024Melius Research
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K. Short
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Initiated CoverageBuy$180.00+15.82%
8/22/2024UBS Group
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 Boost TargetBuy ➝ Buy$185.00 ➝ $200.00+25.21%
8/22/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$174.00 ➝ $177.00+10.81%
8/22/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$190.00 ➝ $195.00+23.95%
8/22/2024Truist Financial
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 Boost TargetHold ➝ Hold$156.00 ➝ $162.00+1.27%
8/21/2024Morgan Stanley
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 Reiterated RatingOverweight ➝ Overweight$180.00 ➝ $180.00+11.70%
6/3/2024BNP Paribas
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C. Bottiglieri
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Initiated CoverageUnderperform$116.00-25.72%
5/23/2024Robert W. Baird
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 Reiterated RatingOutperform ➝ Outperform$190.00 ➝ $190.00+31.52%
4/4/2024Gordon Haskett
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 Boost TargetBuy$200.00 ➝ $220.00+25.35%
3/27/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$180.00 ➝ $210.00+21.58%
3/6/2024DA Davidson
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 Boost TargetBuy ➝ Buy$167.00 ➝ $195.00+14.87%
3/6/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$142.00 ➝ $169.00+0.24%
3/6/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$176.00 ➝ $194.00+15.07%
7/26/2023Raymond James
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 DowngradeStrong-Buy ➝ Market Perform
3/1/2023Roth Capital
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W. Kirk
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Reiterated RatingNeutral
3/1/2023Credit Suisse Group
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 Boost TargetNeutral$160.00 ➝ $170.00+5.09%
2/15/2023Cowen
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 Lower TargetOutperform$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 Wednesday at 12:31 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 Wednesday, December 18, 2024. Please send any questions or comments about these Target pros and cons to contact@marketbeat.com.

Target
Bull Case

green Wall Street bull icon

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

  • Target Co. has a strong return on equity of 31.11%, indicating effective management and profitability relative to shareholder equity, which can attract investors looking for efficient capital use.
  • The company recently announced a quarterly dividend of $1.12, translating to an annualized dividend of $4.48 and a yield of 3.31%. This consistent dividend payment can provide a steady income stream for investors.
  • Despite missing earnings expectations, Target Co. reported a revenue of $25.23 billion, showing a year-over-year increase of 0.9%. This growth suggests resilience in its business model, which can be appealing to long-term investors.
  • Target Co.'s stock is currently trading at $136.01, which may present a buying opportunity for investors looking for value, especially considering the average target price from analysts is $160.57.
  • Institutional ownership is high at 79.73%, indicating confidence from large investors, which can be a positive signal for retail investors regarding the company's stability and growth potential.

Target
Bear Case

red Wall Street bear icon

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

  • The company missed its earnings per share (EPS) estimate by $0.45, reporting $1.85 compared to the expected $2.30. This shortfall may raise concerns about future profitability and operational efficiency.
  • Target Co. has faced recent downgrades from several brokerages, with price targets being cut significantly, indicating a lack of confidence in the stock's near-term performance.
  • The net margin of 4.06% suggests that the company may be facing pressure on profitability, which could impact its ability to sustain dividends or reinvest in growth.
  • Insider selling activity, such as the recent sale of 6,348 shares by an insider, could signal potential concerns about the company's future performance, which may deter some investors.
  • With a current ratio of 0.94, Target Co. is slightly below the ideal benchmark of 1, indicating potential liquidity issues that could affect its ability to meet short-term obligations.

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 $160.57, with a high forecast of $220.00 and a low forecast of $108.00.

32 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Target in the last twelve months. There is currently 1 sell rating, 16 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TGT, but not buy additional shares or sell existing shares.

According to analysts, Target's stock has a predicted upside of 21.27% based on their 12-month stock forecasts.

Over the previous 90 days, Target's stock had 6 downgrades by analysts.

Analysts like Target less than other "retail/wholesale" companies. The consensus rating for Target is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how TGT compares to other companies.


This page (NYSE:TGT) was last updated on 12/25/2024 by MarketBeat.com Staff
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