Target Corporation (TGT)
NYSE: TGT · IEX Real-Time Price · USD
177.82
+0.61 (0.34%)
At close: Apr 1, 2024, 4:00 PM
177.80
-0.02 (-0.01%)
Pre-market: Apr 2, 2024, 7:50 AM EDT
Stock Price Forecast
The 30 analysts with 12-month price forecasts for Target stock have an average target of 181.77, with a low estimate of 134 and a high estimate of 210. The average target predicts an increase of 2.22% from the current stock price of 177.82.
| Target | Low | Average | Median | High |
|---|---|---|---|---|
| Price | $134 | $181.77 | $190 | $210 |
| Change | -24.64% | +2.22% | +6.85% | +18.10% |
Analyst Ratings
The average analyst rating for Target stock from 32 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 7 | 7 | 7 | 8 | 11 | 11 |
| Buy | 8 | 8 | 8 | 8 | 7 | 7 |
| Hold | 19 | 19 | 15 | 15 | 14 | 14 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 34 | 34 | 30 | 31 | 32 | 32 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Jefferies | Jefferies | Strong Buy Maintains $195 → $205 | Strong Buy | Maintains | $195 → $205 | +15.29% | Apr 1, 2024 |
| Tigress Financial | Tigress Financial | Strong Buy Maintains $180 → $210 | Strong Buy | Maintains | $180 → $210 | +18.10% | Mar 27, 2024 |
| Evercore ISI Group | Evercore ISI Group | Hold Maintains $180 → $185 | Hold | Maintains | $180 → $185 | +4.04% | Mar 26, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $148 → $185 | Hold | Maintains | $148 → $185 | +4.04% | Mar 12, 2024 |
| Argus Research | Argus Research | Strong Buy Maintains $160 → $200 | Strong Buy | Maintains | $160 → $200 | +12.47% | Mar 11, 2024 |
Financial Forecast
Revenue This Year
Increased by 0.27%
from 107.41B
Revenue Next Year
111.17B
from 107.70B
Increased by 3.22%
from 107.70B
EPS This Year
9.24
from 8.94
Increased by 3.30%
from 8.94
EPS Next Year
10.34
from 9.24
Increased by 11.96%
from 9.24
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 78.11B | 93.56B | 106.01B | 109.12B | 107.41B | 107.70B | 111.17B | 115.87B | 120.30B | 124.71B |
| Revenue Growth | 3.66% | 19.78% | 13.30% | 2.94% | -1.57% | 0.27% | 3.22% | 4.23% | 3.83% | 3.66% |
| EPS | 6.36 | 8.64 | 14.10 | 5.98 | 8.94 | 9.24 | 10.34 | 10.52 | 11.33 | 12.26 |
| EPS Growth | 15.43% | 35.85% | 63.19% | -57.59% | 49.50% | 3.30% | 11.96% | 1.79% | 7.70% | 8.15% |
| No. Analysts | - | - | - | - | - | 35 | 22 | 5 | 5 | 4 |
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 114.7B | 119.5B | 124.6B | 129.8B | 135.3B |
| Avg | 107.7B | 111.2B | 115.9B | 120.3B | 124.7B |
| Low | 101.7B | 103.2B | 110.1B | 114.0B | 117.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 6.8% | 11.0% | 12.0% | 12.0% | 12.4% |
| Avg | 0.3% | 3.2% | 4.2% | 3.8% | 3.7% |
| Low | -5.3% | -4.2% | -0.9% | -1.6% | -2.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 10.30 | 11.55 | 11.70 | 12.47 | 13.70 |
| Avg | 9.24 | 10.34 | 10.52 | 11.33 | 12.26 |
| Low | 8.04 | 8.36 | 9.60 | 10.11 | 10.65 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 15.2% | 25.1% | 13.1% | 18.5% | 20.9% |
| Avg | 3.3% | 12.0% | 1.8% | 7.7% | 8.1% |
| Low | -10.1% | -9.5% | -7.1% | -3.9% | -6.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.
