Target (TGT, Financial) has been assigned a Neutral rating by Mizuho analyst David Bellinger, with a price target set at $92. The assessment comes as the retail giant faces a decline in its competitive strength, attributed to falling comparable sales and ongoing margin pressures due to inventory shrinkage.
The management team at Target is currently navigating a lengthy profit recovery phase. However, Bellinger highlights that consistent and recovering comparable sales growth remains an essential factor that is currently lacking. These challenges have prompted a cautious outlook from the firm regarding the retailer's near-term performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Target Corp (TGT, Financial) is $130.06 with a high estimate of $160.00 and a low estimate of $82.00. The average target implies an upside of 40.29% from the current price of $92.71. More detailed estimate data can be found on the Target Corp (TGT) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, Target Corp's (TGT, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Target Corp (TGT, Financial) in one year is $155.15, suggesting a upside of 67.35% from the current price of $92.71. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Target Corp (TGT) Summary page.
