Target Corporation (TGT, Financial) is venturing into the floral market with the introduction of Good Little Garden, its inaugural exclusive floral brand. This new initiative allows customers to access a wider selection of fresh flowers and potted plants year-round, starting at a budget-friendly price point of just $6.
The retail giant's latest move underscores its strategy to diversify in-store offerings and attract more foot traffic by tapping into the floral market. This expansion is designed to enhance the shopping experience by providing more varied product choices, tailored to meet consumer demands for floral goods.
Good Little Garden aims to provide customers with quality botanical products, signaling Target's intent to carve out a niche in the floral industry. This development is part of Target’s broader strategy to continuously innovate its product lines and offer exclusive, affordable options to its shoppers.
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 36.20% from the current price of $93.11. 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 $154.69, suggesting a upside of 66.14% from the current price of $93.11. 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.
