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TJX Companies (TJX) Stock Forecast & Price Target

TJX Companies logo
$114.11
-0.06 (-0.05%)
(As of 10/29/2024 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

Sell
0
Hold
3
Buy
13

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
11.09% Upside
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 11.09% from the current price of $114.11.
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TJX Analyst Ratings Over Time

TypeCurrent Forecast
10/31/23 to 10/30/24
1 Month Ago
10/1/23 to 9/30/24
3 Months Ago
8/2/23 to 8/1/24
1 Year Ago
10/31/22 to 10/31/23
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)
13 Buy rating(s)
15 Buy rating(s)
16 Buy rating(s)
Hold
3 Hold rating(s)
3 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$126.76$112.67$95.42
Forecasted Upside11.09% Upside7.85% Upside-0.87% Downside8.35% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
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TJX Companies Stock vs. The Competition

TypeTJX CompaniesRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.81
2.50
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside11.09% Upside37.79% Upside8.91% Upside
News Sentiment Rating
Positive News

See Recent TJX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
8/22/2024Morgan Stanley
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$122.00 ➝ $129.00+8.18%
8/22/2024UBS Group
4 of 5 stars
 Boost TargetBuy ➝ Buy$134.00 ➝ $148.00+22.80%
8/22/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$100.00 ➝ $115.00-4.58%
8/22/2024TD Cowen
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 Boost TargetBuy ➝ Buy$120.00 ➝ $125.00+3.65%
8/22/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$130.00 ➝ $140.00+16.09%
8/22/2024Barclays
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 Boost TargetOverweight ➝ Overweight$114.00 ➝ $136.00+13.36%
8/22/2024Loop Capital
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 Boost TargetBuy ➝ Buy$125.00 ➝ $140.00+17.75%
8/22/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$113.00 ➝ $128.00+6.46%
8/22/2024Bank of America
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 Boost TargetBuy ➝ Buy$115.00 ➝ $135.00+12.28%
8/22/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$116.00 ➝ $133.00+10.62%
8/22/2024Citigroup
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P. Lejuez
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DowngradeBuy ➝ Neutral$110.00 ➝ $128.00+6.46%
8/21/2024Telsey Advisory Group
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 Reiterated RatingOutperform ➝ Outperform$128.00 ➝ $128.00+7.47%
8/19/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$115.00 ➝ $126.00+12.38%
5/23/2024Sanford C. Bernstein
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 Boost TargetOutperform ➝ Outperform$115.00 ➝ $120.00+19.20%
5/21/2024Deutsche Bank Aktiengesellschaft
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 Set Target$114.00+16.59%
4/25/2024The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy$100.00 ➝ $110.00+15.45%
2/5/2024Redburn Atlantic
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 DowngradeBuy ➝ Neutral$100.00+2.55%
8/17/2023JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$104.00 ➝ $105.00+17.71%
6/29/2023Piper Sandler
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 Initiated CoverageOverweight$110.00+33.11%
2/23/2023Credit Suisse Group
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 Boost TargetOutperform$85.00 ➝ $89.00+15.79%
12/6/2022Cowen
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 Boost Target$84.00 ➝ $85.00+6.92%
11/10/2022Gordon Haskett
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 UpgradeHold ➝ Buy$80.00+14.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:25 AM ET.


Should I Buy TJX Companies Stock? TJX 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, October 11, 2024. Please send any questions or comments about these TJX Companies pros and cons to contact@marketbeat.com.

TJX Companies
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The TJX Companies, Inc.:

  • The TJX Companies, Inc. has shown consistent revenue growth over the past year, indicating a strong business performance.
  • The company's current stock price of $117.48 is relatively stable, providing a good entry point for investors.
  • Analysts have given The TJX Companies, Inc. a "Moderate Buy" rating with a consensus target price of $126.76, suggesting potential for stock price appreciation.
  • The firm has a healthy return on equity of 63.19%, reflecting efficient use of shareholder funds.
  • The TJX Companies, Inc. operates in multiple segments, diversifying its revenue streams and reducing business risk.

TJX Companies
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in The TJX Companies, Inc. for these reasons:

  • The company's quick ratio of 0.60 indicates potential liquidity challenges in meeting short-term obligations.
  • The PEG ratio of 2.99 suggests that the stock may be overvalued relative to its earnings growth potential.
  • With a debt-to-equity ratio of 0.37, The TJX Companies, Inc. has a moderate level of financial leverage that could impact future profitability.
  • The beta of 0.89 implies that the stock is less volatile than the market, potentially limiting short-term trading opportunities.
  • Despite positive analyst ratings, investors should consider market conditions and economic factors that could affect the company's performance.

TJX Forecast - Frequently Asked Questions

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.

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.

According to analysts, TJX Companies's stock has a predicted upside of 11.09% based on their 12-month stock forecasts.

Over the previous 90 days, TJX Companies's stock had 1 downgrade by analysts.

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.


This page (NYSE:TJX) was last updated on 10/30/2024 by MarketBeat.com Staff
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