TJX Companies (TJX) Stock Forecast & Price Target

$117.84

-1.77 (-1.48%)

(As of 09/17/2024 ET)

TJX Companies - 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 16 Analyst Ratings

Based on 16 Wall Street analysts who have issued ratings for TJX Companies in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 16 analysts, 3 have given a hold rating, and 13 have given a buy rating for TJX.

Consensus Price Target

$126.76
7.57% Upside

High Forecast	$148.00
Average Forecast	$126.76
Low Forecast	$100.00

According to the 16 analysts' twelve-month price targets for TJX Companies, the average price target is $126.76. The highest price target for TJX is $148.00, while the lowest price target for TJX is $100.00. The average price target represents a forecasted upside of 7.57% from the current price of $117.84.

Type	Current Forecast 9/18/23 to 9/17/24	1 Month Ago 8/19/23 to 8/18/24	3 Months Ago 6/20/23 to 6/19/24	1 Year Ago 9/18/22 to 9/18/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	11 Buy rating(s)	16 Buy rating(s)	16 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$126.76	$115.79	$110.37	$95.42
Forecasted Upside	7.57% Upside	14.19% Upside	16.32% Upside	12.13% Upside

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TJX 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.

TJX 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.

TJX Companies Stock vs. The Competition

Type	TJX Companies	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.81	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	6.60% Upside	43.20% Upside	7.13% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/22/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$122.00 ➝ $129.00	+8.18%
8/22/2024	UBS Group 4 of 5 stars		Boost Target	Buy ➝ Buy	$134.00 ➝ $148.00	+22.80%
8/22/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $115.00	-4.58%
8/22/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $125.00	+3.65%
8/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$130.00 ➝ $140.00	+16.09%
8/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$114.00 ➝ $136.00	+13.36%
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8/22/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $140.00	+17.75%
8/22/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$113.00 ➝ $128.00	+6.46%
8/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$115.00 ➝ $135.00	+12.28%
8/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$116.00 ➝ $133.00	+10.62%
8/22/2024	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	$110.00 ➝ $128.00	+6.46%
8/21/2024	Telsey Advisory Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$128.00 ➝ $128.00	+7.47%
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$115.00 ➝ $126.00	+12.38%
5/23/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$115.00 ➝ $120.00	+19.20%
5/21/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target		$114.00	+16.59%
4/25/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$100.00 ➝ $110.00	+15.45%
2/5/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$100.00	+2.55%
8/17/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$104.00 ➝ $105.00	+17.71%
6/29/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Overweight	$110.00	+33.11%
2/23/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$85.00 ➝ $89.00	+15.79%
12/6/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$84.00 ➝ $85.00	+6.92%
11/10/2022	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$80.00	+14.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:36 PM ET.

TJX Forecast - Frequently Asked Questions

What is TJX Companies' forecast for 2024?: According to the research reports of 16 Wall Street equities research analysts, the average twelve-month stock price forecast for TJX Companies is $126.76, with a high forecast of $148.00 and a low forecast of $100.00.
Should I buy or sell TJX Companies stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TJX Companies in the last twelve months. There are currently 3 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TJX shares.
Does TJX Companies's stock price have much upside?: According to analysts, TJX Companies's stock has a predicted upside of 10.38% based on their 12-month stock forecasts.
Has TJX Companies been downgraded by Wall Street analysts recently?: Over the previous 90 days, TJX Companies's stock had 1 downgrade by analysts.
What analysts cover TJX Companies?: TJX Companies has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Citigroup, Evercore ISI, Jefferies Financial Group, Loop Capital, Morgan Stanley, Robert W. Baird, TD Cowen, Telsey Advisory Group, UBS Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like TJX Companies more than its competitors?: Analysts like TJX Companies more than other "retail/wholesale" companies. The consensus rating for TJX Companies is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how TJX compares to other companies.