What is the current Price Target and Forecast for Target (TGT) (2024)

(Delayed Data from NYSE)

$164.74 USD

164.74

2,085,477

+0.30 (0.18%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $164.99 +0.25 (0.15%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5 2

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

AValue | AGrowth | CMomentum | AVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 14% (36 out of 252)

Industry: Retail - Discount Stores

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Target (TGT) (2) Better trading starts here.

Target (TGT) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$183.43 $220.00 $134.00 11.55%

Price Target

Based on short-term price targets offered by 28 analysts, the average price target for Target comes to $183.43. The forecasts range from a low of $134.00 to a high of $220.00. The average price target represents an increase of 11.55% from the last closing price of $164.44.

Analyst Price Targets (28)

Last Close 164.44

Average 183.43 11.55% Upside Low 134.00 -18.51% Downside High 220.00 33.79% Upside

Broker Rating

Target currently has an average brokerage recommendation (ABR) of 1.80 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 32 brokerage firms. The current ABR compares to an ABR of 1.82 a month ago based on 31 recommendations.

Of the 32 recommendations deriving the current ABR, 17 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 53.13% and 12.5% of all recommendations. A month ago, Strong Buy made up 51.61%, while Buy represented 12.9%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Target (TGT) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy1717161414
Buy44444
Hold1111111313
Sell00000
Strong Sell00000
ABR1.801.801.821.951.95

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
3/11/2024Argus Research Corp.Christopher GrajaNot AvailableStrong Buy
3/6/2024Roth Capital PartnersWilliam KirkHoldHold
3/6/2024Telsey Advisory GroupJoseph FeldmanStrong BuyStrong Buy
3/6/2024Raymond JamesBobby GriffinHoldHold
3/6/2024Truist SecuritiesScot CiccarelliHoldHold
3/6/2024BMO Capital MarketsKelly A BaniaHoldHold
3/6/2024Guggenheim Securities Robert S DrbulStrong BuyStrong Buy
3/6/2024D.A. DavidsonMichael BakerStrong BuyStrong Buy
3/5/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
2/14/2024Evercore PartnersGregory S MelichHoldHold
11/15/2023KeyBanc Capital MarketsBradley B ThomasHoldHold
8/22/2023Daiwa AmericaKahori TamadaNot AvailableModerate Buy
8/16/2023Robert W. Baird & Co.Peter S BenedictStrong BuyStrong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.80
ABR (Last week)1.80
# of Recs in ABR32
Average Target Price $183.43
LT Growth Rate11.40%
IndustryRetail - Discount Stores
Industry Rank by ABR36 of 252
Current Quarter EPS Est: 2.02
What is the current Price Target and Forecast for Target (TGT) (2024)

FAQs

What is the current Price Target and Forecast for Target (TGT)? ›

The average price target is $183.62 with a high forecast of $210.00 and a low forecast of $153.00. The average price target represents a 3.62% change from the last price of $177.21.

What is the TGT stock prediction? ›

Based on short-term price targets offered by 28 analysts, the average price target for Target comes to $183.43. The forecasts range from a low of $134.00 to a high of $220.00. The average price target represents an increase of 11.55% from the last closing price of $164.44.

Is TGT a good buy now? ›

Out of 26 analysts, 12 (46.15%) are recommending TGT as a Strong Buy, 4 (15.38%) are recommending TGT as a Buy, 10 (38.46%) are recommending TGT as a Hold, 0 (0%) are recommending TGT as a Sell, and 0 (0%) are recommending TGT as a Strong Sell. If you're new to stock investing, here's how to buy Target stock.

What is the Target price for TGT in 2024? ›

Target Stock Price Forecast 2024-2025

The forecasted Target price at the end of 2024 is $182 - and the year to year change +35%. The rise from today to year-end: +13%.

What is the analyst estimate for TGT? ›

Analyst Price Targets

Based on analysts offering 12 month price targets for TGT in the last 3 months. The average price target is $185.56 with a high estimate of $220 and a low estimate of $153.

What is the fair value of TGT stock? ›

Target Fair Value - Peers Benchmarking
Market Cap (mil)Fair Value
TGT76,059165.83
DG31,20937.77
DLTR26,537-66.87
DOL.TO32,51748.35
8 more rows

What is the price target for TGT WSJ? ›

Stock Price Target TGT
High$220.00
Median$190.00
Low$153.00
Average$186.88
Current Price$164.44

Is TGT undervalued? ›

Target stock is 34.9% undervalued to its fair value of $148.44 per share according to the consensus rating of 31 analysts.

How often does TGT pay dividends? ›

Target Corporation ( TGT ) pays dividends on a quarterly basis. The next dividend payment is planned on June 10, 2024 . Target Corporation ( TGT ) has increased its dividends for 52 consecutive years. This is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.

What is the TGT stock forecast for 2030? ›

Target Stock Prediction 2030

In 2030, the Target stock will reach $ 314.84 if it maintains its current 10-year average growth rate.

Is TGT a growth or value stock? ›

TGT is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 17.51; value investors should take notice.

What is the 52 week high price for target TGT )? ›

Stock Price History
Beta (5Y Monthly)1.15
S&P 500 52-Week Change 323.10%
52 Week High 3181.86
52 Week Low 3102.93
50-Day Moving Average 3165.47
2 more rows

What is the price target forecast? ›

A target price is an estimate of the future price of a stock. Target prices are based on earnings forecasts and assumed valuation multiples. Target prices can be used to evaluate stocks and may be even more useful than an equity analyst's rating.

What is the EPS for TGT 2024? ›

Target (NYSE:TGT) Full Year 2024 Results

Net income: US$4.14b (up 49% from FY 2023). Profit margin: 3.9% (up from 2.5% in FY 2023). The increase in margin was driven by lower expenses. EPS: US$8.97 (up from US$6.02 in FY 2023).

What are analysts saying about target? ›

The highest analyst price target is $210.00 ,the lowest forecast is $153.00. The average price target represents 3.62% Increase from the current price of $177.21. What do analysts say about Target? Target's analyst rating consensus is a Moderate Buy.

What is TGT price to book ratio? ›

According to Target's latest financial reports the company has a price-to-book ratio of 5.65. The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

What is the 1 year target estimate? ›

1 year target estimate is simply the price that analysts have predicted the stock will be one year from now. The reliability behind these estimates are the true question here. The way I see it, the accuracy of an estimate has the same chance as any other estimate.

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