Is it smart to invest in Target right now?
Target Corporation - Hold
The highest analyst price target is $200.00 ,the lowest forecast is $142.00. The average price target represents 2.99% Increase from the current price of $168.58. Target's analyst rating consensus is a Moderate Buy. This is based on the ratings of 21 Wall Streets Analysts.
On average, Wall Street analysts predict that Target's share price could reach $183.39 by Mar 12, 2025. The average Target stock price prediction forecasts a potential upside of 11.61% from the current TGT share price of $164.31. What is TGT's forecast return on equity (ROE) for 2025-2027?
But if you're OK with a bit more risk and are a fan of dividend stocks with long track records of growth, then consider adding Target to your watch list today. Its yield is sitting at 2.6% even following the recent share-price spike, making it one of the most generous retailers on that key metric.
Target Investment Opportunity
Target has a volatility of 1.93 and is 3.02 times more volatile than NYSE Composite. 17 of all equities and portfolios are less risky than Target.
The company's initial 2024 guidance appears reasonable, while leaving room for upside, the firm tells investors in a research note. HSBC also upgraded Target to Buy from Hold with a price target of $195, up from $140.
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| Amazon.com (AMZN) | 1.30 | Strong Buy |
| Microsoft (MSFT) | 1.33 | Strong Buy |
| Delta Air Lines (DAL) | 1.33 | Strong Buy |
| Nvidia (NVDA) | 1.38 | Strong Buy |
Target (NYSE: TGT) is owned by 79.74% institutional shareholders, 0.98% Target insiders, and 19.28% retail investors. Vanguard Group Inc is the largest individual Target shareholder, owning 44.94M shares representing 9.74% of the company.
TGT pays a dividend of $1.1 per share. TGT's annual dividend yield is 2.91%. When is Target ex-dividend date? Target's upcoming ex-dividend date is on Feb 20, 2024.
The ownership of Target is distributed among diverse stakeholders, reflecting a wide range of individuals and organizations who have invested in the company. Most of the ownership of Target Corporation is held by institutional investors, who control about 82.85% of the outstanding shares.
Why should people invest in Target?
Pros of Buying Target Stock
Target made headlines with its e-commerce sales last quarter and continued its strong online activity into its latest quarter. The company saw digital sales growth of 155%, same-day services increased 217% and total revenue growth was 21.3% compared with last year.
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%.
The company remains fundamentally sound and financially stable, demonstrating the capacity to sustain dividend payments. 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.
- ChargePoint.
- SunPower.
- SolarEdge Technologies.
- Lumen Technologies LUMN.
- Plug Power.
Heading into Tuesday, Target's stock had dropped 43% since its 2021 peak. Target has slumped because of its merchandise mix and prices compared to rivals like Walmart. The company stocks more non-essential merchandise compared to competitors such as Walmart (WMT) and Costco (COST).
An Intrinsic Calculation For Target Corporation (NYSE:TGT) Suggests It's 43% Undervalued.
- The all-time high Target stock closing price was 250.98 on November 16, 2021.
- The Target 52-week high stock price is 171.24, which is 13.8% above the current share price.
A hold position is not a bad one, and even stocks that are labelled as a hold can appreciate in price over time. They are just not seen as likely to outperform other comparable stocks.
Throughout history, gold has been seen as a special and valuable commodity. Today, owning gold can act as a hedge against inflation and deflation alike, as well as a good portfolio diversifier. As a global store of value, gold can also provide financial cover during geopolitical and macroeconomic uncertainty.
| Company (Ticker) | Forward P/E Ratio |
|---|---|
| Humana (HUM) | 13.9 |
| Fidelity National Information Services (FIS) | 13.4 |
| Citigroup (C) | 8.0 |
| Lear (LEA) | 7.7 |
What is the hottest stock right now?
| Symbol | Name | Price (Intraday) |
|---|---|---|
| AMD | Advanced Micro Devices, Inc. | 187.06 |
| SOFI | SoFi Technologies, Inc. | 7.05 |
| AAPL | Apple Inc. | 173.00 |
| MARA | Marathon Digital Holdings, Inc. | 18.23 |
- High-yield savings accounts.
- Certificates of deposit (CDs)
- Bonds.
- Funds.
- Stocks.
- Alternative investments and cryptocurrencies.
- Real estate.
| Holder | Shares | Date Reported |
|---|---|---|
| Vanguard Group Inc | 44,945,524 | Dec 30, 2023 |
| State Street Corporation | 35,979,097 | Dec 30, 2023 |
| Blackrock Inc. | 32,467,059 | Dec 30, 2023 |
| Capital World Investors | 25,385,871 | Dec 30, 2023 |
Best Buy's brand is ranked #101 in the list of Global Top 1000 Brands, as rated by customers of Best Buy. Their current market cap is $28.95B. Target's brand is ranked #7 in the list of Global Top 100 Brands, as rated by customers of Target. Their current market cap is $94.56B.
Target's quarterly sales fell for the first time in six years as consumers pulled back on discretionary goods and fierce right-wing backlash to Target's Pride Month collection took a toll on the brand.
