Expert Ratings For Tanger
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Tanger (NYSE:SKT) show a mix of perspectives, with an average 12-month price target of $30.25, indicating an 11.01% increase from the previous target. The ratings reflect adjustments based on market conditions and Tanger's performance, including a positive revenue growth rate of 9.46% as of December 31, 2023, and an impressive ROE of 4.44%. However, challenges such as a below-average net margin and a high debt-to-equity ratio are noted.
April 05, 2024 | 2:00 pm
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POSITIVE IMPACT
Tanger's stock may see short-term positive movement based on the upward revision of the 12-month price target to $30.25, reflecting an 11.01% increase and positive revenue growth. However, concerns about net margin and high debt could temper gains.
The upward revision in price targets and positive revenue growth suggest a bullish outlook for Tanger in the short term. However, the high debt-to-equity ratio and below-average net margin indicate potential financial risks that could impact the stock's performance. The mixed analyst ratings, with a majority being indifferent but a recent shift towards a more positive outlook, further support the potential for short-term gains, albeit with caution due to underlying financial challenges.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100