Wall Street predicts Target Corp (TGT) stock to surge by 16.07%

Target Corp [TGT] stock is trading at $153.60, up 1.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TGT shares have gain 4.28% over the last week, with a monthly amount glided 6.20%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Target Corp [NYSE: TGT] stock has seen the most recent analyst activity on August 26, 2024, when Daiwa Securities upgraded its rating to a Outperform but kept the price target unchanged to $170 for it. Previously, Telsey Advisory Group reaffirmed its Outperform rating on August 22, 2024, and elevated its price target to $195. On August 22, 2024, Evercore ISI reiterated its In-line rating and revised its price target to $160 on the stock. Exane BNP Paribas initiated its recommendation with a Underperform and recommended $116 as its price target on June 03, 2024. Telsey Advisory Group reiterated a Outperform rating for this stock on May 23, 2024, and downed its price target to $190. In a note dated May 07, 2024, Citigroup upgraded an Buy rating on this stock but restated the target price of $180.

Target Corp [TGT] stock has fluctuated between $102.93 and $181.86 over the past year. Currently, Wall Street analysts expect the stock to reach $178.28 within the next 12 months. Target Corp [NYSE: TGT] shares were valued at $153.60 at the most recent close of the market. An investor can expect a potential return of 16.07% based on the average TGT price forecast.

Analyzing the TGT fundamentals

Target Corp [NYSE:TGT] reported sales of 107.30B for the trailing twelve months, which represents a growth of 2.74%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.33 and Total Capital is 0.17. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.06.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 151.99 points at the first support level, and at 150.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 155.63, and for the 2nd resistance point, it is at 157.66.

Ratios To Look Out For

For context, Target Corp’s Current Ratio is 0.90. Also, the Quick Ratio is 0.27, while the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 4.91 and price to earnings (TTM) ratio is 15.86.

Transactions by insiders

Recent insider trading involved LIEGEL MATTHEW A, Chief Accounting Officer, that happened on Aug 30 ’24 when 1000.0 shares were sold. Officer, LIEGEL MATTHEW A completed a deal on Aug 30 ’24 to buy 1000.0 shares. Meanwhile, Executive Officer Cornell Brian C sold 45000.0 shares on Aug 27 ’24.

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