What is fair value for target stock?
As of 2024-04-21, the Fair Value of Target Corp (TGT) is 166.23 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 168.3 USD, the upside of Target Corp is -1.2%.
Fair Value Estimate for Target
With its 2-star rating, we believe Target's stock is overvalued compared with our long-term fair value estimate of $132. Our estimate accounts for a more gradual recovery in the firm's operating margin and a more subdued midcycle margin forecast of 6.5%, down from 7.0%.
As of 2024-04-10, the Intrinsic Value of Target Corp (TGT) is 171.07 USD. This Target valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 171.63 USD, the upside of Target Corp is -0.3%.
Fair value is based on how much we believe the stock is worth, while a target price estimates how much other investors are willing to pay for the stock.
Target stock has received a consensus rating of buy. The average rating score is and is based on 61 buy ratings, 34 hold ratings, and 1 sell ratings.
Stock to Watch: Target (TGT)
TGT is a #2 (Buy) on the Zacks Rank, with a VGM Score of A. Additionally, the company could be a top pick for growth investors. TGT has a Growth Style Score of A, forecasting year-over-year earnings growth of 5% for the current fiscal year.
Target has a conensus rating of Moderate Buy which is based on 20 buy ratings, 10 hold ratings and 0 sell ratings. What is Target's price target? The average price target for Target is $183.62. This is based on 30 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
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. 12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025.
If you read Berkshire Hathway's manual, Buffett said, “The intrinsic value can be defined simply. It is the discounted value of the cash that can be taken out of a business during its remaining life. As our definition suggests, intrinsic value is an estimate rather than a price figure.
What is intrinsic value? Apple Inc's market capitalization is 2.6T USD. AAPL stock price is 166.81 USD. The Intrinsic Value of AAPL stock (131.71 USD) is 21% less than its price (166.81 USD).
What is a good price to fair value?
The further the price/fair value ratio rises above 1.00, the more the median stock is overvalued. A ratio below 1.00 indicates that the stock's price is lower than our estimate of its fair value. The further it moves below 1.00, the more the median stock is undervalued.
It is the value of an asset according to the balance sheet of the company. It is calculated by subtracting depreciation from the cost of the asset. Fair value represents the current market price that both buyer and seller agree upon. Carrying value reflects the firm's equity.
If the target price is higher than the current price, it suggests that the stock is undervalued and may be a good investment chance. Conversely, if the target price is lower than the current price, it indicates that the stock may be overvalued and could potentially be sold.
Target stock price stood at $166.58
According to the latest long-term forecast, Target price will hit $200 by the end of 2024 and then $250 by the middle of 2025. Target will rise to $300 within the year of 2026, $350 in 2028, $400 in 2029, $450 in 2031 and $500 in 2033.
| High | $101.00 |
|---|---|
| Median | $85.00 |
| Low | $69.00 |
| Average | $85.34 |
| Current Price | $76.29 |
| Stock | Sector | Trailing 12-month dividend yield* |
|---|---|---|
| International Business Machines Corp. (ticker: IBM) | Technology | 3.6% |
| Abbott Laboratories (ABT) | Health care | 1.9% |
| Stanley Black & Decker Inc. (SWK) | Industrials | 3.5% |
| Atmos Energy Corp. (ATO) | Utilities | 2.7% |
Despite the recent stock price increase, Target, with a Value Score of A, appears undervalued compared to the industry. Target's P/E ratio of 16.64 is notably lower than that of the industry's 23.2. This presents a compelling entry point for investors seeking value and growth potential in the long term.
Based on short-term price targets offered by 28 analysts, the average price target for Target comes to $183.61. The forecasts range from a low of $134.00 to a high of $220.00. The average price target represents an increase of 10.22% from the last closing price of $166.58.
Typically investors will look for a current ratio of at least 1 or higher, but because retailers have so much money tied up in inventory, their current ratios tend to be lower. Walmart has a current ratio of 0.83, while Target comes in at 0.86, putting both companies on roughly equal footing.
The retailer is forecasting modest sales gains in 2024 after a brutal 2023 year. It has been over a year, but growth finally appears to be back at Target (TGT -3.04%).
Why is Target stock so high?
We may earn a commission from links on this page. Target stock surged to its highest level in almost a year Tuesday, as investors cheered a huge rise in profits that beat Wall Street expectations and shrugged off the retail giant's first sales drop in years.
Target values are goals that are created or set by your community or organization for various areas of health and are used to track a community's progress in these areas. These target values can be viewed alongside the current value for specific indicators in order to see how the community is doing.
- You've found something better. ...
- You made a mistake. ...
- The company's business outlook has changed. ...
- Tax reasons. ...
- Rebalancing your portfolio. ...
- Valuation no longer reflects business reality. ...
- You need the money. ...
- The stock has gone up.
| Name | Analyst Rating | EPS |
|---|---|---|
| Reliance Industries Ltd | BUY | ₹99.41 |
| Tata Consultancy Services Ltd | BUY | ₹115.58 |
| HDFC Bank Ltd | BUY | ₹82.71 |
| ICICI Bank Ltd | BUY | ₹49.35 |
Investors use the intrinsic value to judge whether a stock is undervalued, overvalued, or priced fairly in the market. If a stock's price is lower than its intrinsic value, it may be considered undervalued, suggesting it's a good buy because it has the potential to rise in the future.
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