What is the future of Target stock? (2024)

What is the future of Target stock?

TGT Stock 12 Month Forecast

Is Target stock expected to go up?

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 10.16% from the last closing price of $166.51.

Where will Target stock be in 5 years?

Target stock price stood at $165.34

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 2034.

What is the Target stock price forecast for 2025?

Target stock prediction for 1 year from now: $ 210.74 (26.56%) Target stock forecast for 2025: $ 185.70 (11.51%)

What is Target's future?

Target is forecast to grow earnings and revenue by 6.3% and 2.6% per annum respectively. EPS is expected to grow by 7.3% per annum. Return on equity is forecast to be 30.5% in 3 years.

Is Target a good buy right now?

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. This is based on the ratings of 30 Wall Streets Analysts.

Who owns the most Target stock?

Vanguard owns the most shares of Target (TGT). The ownership structure can impact the company's decision making, as large institutional investors may exert influence on the company's management and can also affect the company's stock price with their buying and selling patterns.

Which stock will double in 3 years?

Is Target a good long term stock?

On a historic basis, Target has generated cash flow growth of 5.3%, and is expected to report cash flow expansion of 26.3% this year. TGT should be on investors' short lists because of its impressive growth fundamentals, a good Zacks Rank, and strong Growth and VGM Style Scores.

Is Target stock a good long term investment?

TGT is a #3 (Hold) 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 18.93; value investors should take notice. 12 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2025.

Is Target a buy, sell, or hold?

Target stock has received a consensus rating of buy. The average rating score is and is based on 60 buy ratings, 35 hold ratings, and 1 sell ratings.

What are analysts saying about Target?

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.

Who owns Target?

As of December 2023, Target is a publicly traded company on the New York Stock Exchange. This means they don't have one singular owner, but instead multiple owners.

Is Target a good stock to buy in 2024?

Fair Value Estimate for Target

Our fair value estimate implies a forward 2024 adjusted price/earnings ratio of 15.6 times and enterprise value/adjusted EBITDA of 8.8 times. We expect fiscal 2023 and 2024 to be choppy as economic uncertainty and persistent inflationary headwinds pinch consumer wallets.

Why should people invest in Target stock?

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. Looking ahead to fiscal 2024, the Zacks Consensus Estimate for earnings per share has risen 0.3% in the past seven days.

Is Target financially stable?

Fitch Affirms Target Corporation at 'A'; Outlook Stable. Fitch Ratings - New York - 20 Jun 2023: Fitch Ratings has affirmed all of Target Corporation's ratings, including its Long-Term Issuer Default Rating (IDR) at 'A' and its Short-Term IDR at 'F1'. The Rating Outlook is Stable.

What stocks to invest in in 2024?

Is Target an undervalued stock?

Over the past 52 weeks, TGT's P/CF has been as high as 13.84 and as low as 7.72, with a median of 10.14. Value investors will likely look at more than just these metrics, but the above data helps show that Target is likely undervalued currently.

Should I invest in Target date?

For people who aren't going to follow investment markets, learn how to invest, and take a hands-on approach to their retirement, target-date funds are helpful. They're even a smart move for people who are inclined to frequently change their fund allocation inside their 401(k).

Who is the biggest investor in Target?

Largest shareholders include Vanguard Group Inc, State Street Corp, BlackRock Inc., Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Massachusetts Financial Services Co /ma/, Franklin Resources Inc, Wells Fargo & Company/mn, and ...

Who are the top 3 shareholders of target?

Top Shareholders

BlackRock, Inc. Franklin Resources, Inc. T. Rowe Price Group, Inc.

Who is the largest investor in target?

What stock will boom in 2024?

What stock will double in 2024?

What stock is going to double in 2024?

Celsius Holdings (NASDAQ: CELH), Sweetgreen (NYSE: SG), and Instacart (NASDAQ: CART) are among the 35 companies with market valuations north of $2 billion that are up at least 50% this year. They are positioned well to more than double this year.