Citi has revised its price target for Target (TGT, Financial), reducing it from $120 to $95. Despite this adjustment, the investment firm maintains a Neutral rating on the retail giant's shares.
The revision comes as Citi updates its financial forecasts for Target, taking into account the increased costs associated with tariffs. In addition, broader economic challenges are exerting pressure on sales, prompting the need for a reassessment of the company's financial outlook.
This analysis reflects concerns about the retail sector's vulnerability to a challenging macroeconomic landscape, impacting Target's operational costs and revenue projections.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 32 analysts, the average target price for Target Corp (TGT, Financial) is $126.81 with a high estimate of $160.00 and a low estimate of $82.00. The average target implies an upside of 40.19% from the current price of $90.46. More detailed estimate data can be found on the Target Corp (TGT) Forecast page.
Based on the consensus recommendation from 40 brokerage firms, Target Corp's (TGT, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" 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 $154.95, suggesting a upside of 71.29% from the current price of $90.46. 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.
