Evaluating Target: Insights From 35 Financial Analysts
Portfolio Pulse from Benzinga Insights
35 financial analysts have recently published ratings on Target (NYSE:TGT), showing a diverse range of perspectives from bullish to bearish. The latest assessments reveal an average 12-month price target of $181.86 for Target, indicating a 14.1% increase from the previous target. Analysts have adjusted their ratings and price targets based on changing market dynamics and Target's performance, with many raising their price targets. Target, the nation's sixth-largest retailer, has shown impressive revenue growth and financial performance, with a market capitalization indicating a reduced size compared to industry averages.
April 16, 2024 | 4:00 pm
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POSITIVE IMPACT
Target's stock may see a positive short-term impact due to the overall bullish sentiment from analysts, with a significant number raising their price targets and maintaining buy ratings.
The consensus among analysts indicates a bullish outlook for Target, with many raising their price targets and maintaining buy ratings. This positive sentiment, especially with the average price target being raised to $181.86, suggests that the stock may experience upward pressure in the short term. The company's strong financial performance, including revenue growth and effective debt management, supports this positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100