A Glimpse Into The Expert Outlook On Target Through 24 Analysts
Portfolio Pulse from Benzinga Insights
Target (NYSE:TGT) has been evaluated by 24 analysts over the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target is $148.04, down 1.21% from the previous target of $149.86. Analysts from firms like Morgan Stanley, Wells Fargo, and Citigroup have adjusted their ratings and price targets, with several raising their targets. Target is the sixth-largest U.S. retailer, with over 1,900 stores and $100 billion in sales. Despite a -4.22% decline in revenue growth over 3 months, Target maintains a high net margin of 3.82% and an ROE of 7.93%, indicating strong profitability and financial performance.
January 16, 2024 | 12:00 pm
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NEUTRAL IMPACT
Target's stock may see short-term fluctuations due to the mixed analyst ratings and the slight decrease in the average price target. However, the company's strong profitability metrics like high net margin and ROE could provide a counterbalance.
While the average price target for Target has decreased slightly, indicating potential downward pressure, the overall sentiment remains positive with several analysts raising their price targets. The strong financial metrics such as net margin and ROE suggest underlying strength, which may mitigate any negative impact from the revised analyst expectations.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100