- Target Corp (TGT, Financial) introduces Good Little Garden, a new floral brand, marking a significant venture into the floral market.
- Wall Street analysts project a potential upside of 36.20% for Target's stock, with varied price targets.
- GuruFocus estimates a significant growth potential with a GF Value upside of 66.14%.
Target Corp (NYSE: TGT) is blossoming into new market terrain with the debut of its standalone floral brand, Good Little Garden. This strategic move arises as a response to the company's impressive tripling of floral sales since 2020. Offering over 60 diverse selections ranging from vibrant fresh-cut roses to trendy potted succulents, prices start as low as $6. Anticipation is building for the brand's official launch, set to bloom on April 27 with special events planned to celebrate this new chapter.
Wall Street Analysts Forecast
In the realm of market predictions, 32 seasoned analysts have set their sights on Target Corp (TGT, Financial). They propose an average one-year price target of $126.81, with the spectrum of forecasts ranging from a high of $160.00 to a cautious low of $82.00. This average suggests a promising 36.20% upside from the current share price of $93.11. For those seeking deeper insights into these projections, a detailed overview is available on the Target Corp (TGT) Forecast page.
Adding another layer of analysis, 40 brokerage firms collectively position Target Corp (TGT, Financial) with an average recommendation score of 2.6, denoting a "Hold" status. This rating is interpreted on a scale from 1 to 5, where 1 indicates a "Strong Buy" and 5 suggests a "Sell." It offers investors a balanced view of the stock's current market perception.
GuruFocus Metrics and Valuation
From the lens of GuruFocus, Target's estimated GF Value for the upcoming year is pegged at $154.69. This calculation forecasts an enticing 66.14% upside from today’s price point of $93.11. The GF Value is meticulously derived from historical trade multiples, past growth trends, and anticipated future performance metrics. Investors keen on understanding the intricate details of Target Corp's valuation can delve into the Target Corp (TGT, Financial) Summary page for comprehensive data.
