What is the prediction for target stock?
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. The highest analyst price target is $210.00 ,the lowest forecast is $153.00.
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.
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.
Target stock prediction for 1 year from now: $ 210.90 (25.33%) Target stock forecast for 2025: $ 187.65 (11.51%)
Target Stock Price Forecast 2024-2025
Target price started in 2024 at $142.42. Today, Target traded at $168.30, so the price increased by 18% from the beginning of the year. The forecasted Target price at the end of 2024 is $214 - and the year to year change +50%. The rise from today to year-end: +27%.
Target Corporation - Buy
Valuation metrics show that Target Corporation may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of TGT, demonstrate its potential to outperform the market. It currently has a Growth Score of A.
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 ...
From strength to strength. With moves like that, Target is continuing to add to its considerable strengths. Analysts are collectively modeling a 5% rise in per-share net income in 2024, then a 12% leap in 2025. Zooming ahead further in time, the five year PEG ratio is a still-low 1.3 just now.
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.
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.
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.
As of April 19, 2024, the consensus Amazon stock rating from 45 analysts compiled by MarketBeat was a 'Buy'. According to the latest analyst's price targets, the AMZN stock could reach $202.80 by April 2025.
ownership in TGT / Target Corporation. 2024-01-26 - BlackRock Inc. has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 32,466,320 shares of Target Corporation (US:TGT). This represents 7.0 percent ownership of the company.
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Bonds.
- Money market funds.
- Mutual funds.
- Index Funds.
- Exchange-traded funds.
- Stocks.
| Stock | 2024 return through March 31 |
|---|---|
| Janux Therapeutics Inc. (JANX) | 250.9% |
| Trump Media & Technology Group Corp. (DJT) | 254.1% |
| Super Micro Computer Inc. (SMCI) | 255.3% |
| Viking Therapeutics Inc. (VKTX) | 340.6% |
Returns in the S&P 500 over the coming decade are more likely to be in the 3%-6% range, as multiples and margins are unlikely to expand, leaving sales growth, buybacks, and dividends as the main drivers of appreciation.
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.
The market is thriving. Have you missed the best time to invest? After a rough couple of years, the stock market is finally surging again. The S&P 500 (^GSPC -0.88%) has been reaching new heights, soaring by a whopping 41% from its lowest point in October 2022.
The company did well to maintain progress after experiencing huge year-on-year growth in 2020 and 2021. This growth resulted in Target achieving its highest net sales total in 2022, reaching roughly 107.6 billion U.S. dollars. The company's record sales were matched by record store numbers that year.
Top Shareholders
BlackRock, Inc. Franklin Resources, Inc. T. Rowe Price Group, Inc.
Who did Target merge with?
In a seminal 1969 deal, the Dayton Company merged with the venerable Detroit-based department store chain J.L. Hudson Company, forming the Dayton-Hudson Corporation and establishing a retailing conglomerate encompassing five major chains, including the burgeoning Target discount stores.
The Vanguard Group, Inc. is currently the company's largest shareholder with 9.3% of shares outstanding.
The average price target represents 3.62% Increase from the current price of $177.21. Target's analyst rating consensus is a Moderate Buy.
TGT also holds an average earnings surprise of 30.8%. With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding TGT to their portfolios.
Target Corp's trailing 12-month revenue is $107.4 billion with a 3.9% profit margin. Year-over-year quarterly sales growth most recently was 1.7%. Analysts expect adjusted earnings to reach $9.400 per share for the current fiscal year. Target Corp currently has a 2.5% dividend yield.
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