Target Likely To Report Lower Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Target Corporation (NYSE:TGT) is expected to report lower Q3 earnings at $1.48 per share compared to $1.54 per share in the year-ago period, with revenue estimated at $25.31 billion, down from $26.52 billion. The company is also closing nine stores in the U.S. Target's stock closed up 4.3% at $110.79 on Tuesday. Analysts have recently updated their price targets, with B of A Securities upgrading to Buy and setting a target of $135, while others have maintained or lowered their targets.
November 15, 2023 | 8:16 am
News sentiment analysis
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Target is anticipated to report lower Q3 earnings and revenue, has announced store closures, and experienced a recent stock price increase. Analysts have mixed views, with some upgrades and some price target reductions.
The expected decrease in earnings and revenue could be seen as negative, but the stock price has recently increased, indicating mixed market sentiment. Analyst upgrades may provide some positive outlook, but the overall impact is likely to be neutral in the short term as the market has already begun to price in the anticipated earnings.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100