The outlook and analysis of Target Corp (TGT)’s stock

At the time of writing, Target Corp [TGT] stock is trading at $130.09, up 2.80%. 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 6.88% over the last week, with a monthly amount drifted -12.06%, and not 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 November 26, 2024, when Daiwa Securities downgraded its rating to a Neutral and also revised its price target to $130 from $170. Previously, Telsey Advisory Group reaffirmed its Outperform rating on November 21, 2024, and dropped its price target to $150. On November 20, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $138 on the stock. Deutsche Bank downgraded its rating to a Hold but stick to its price target of $108 on November 20, 2024. Citigroup downgraded its rating to a Neutral but $130 remained the price target by the analyst firm on November 20, 2024. Bernstein started tracking with a Mkt Perform rating for this stock on October 22, 2024, and assigned it a price target of $168. In a note dated August 26, 2024, Daiwa Securities upgraded an Outperform rating on this stock but restated the target price of $170.

For the past year, the stock price of Target Corp fluctuated between $120.21 and $181.86. Currently, Wall Street analysts expect the stock to reach $177.06 within the next 12 months. Target Corp [NYSE: TGT] shares were valued at $130.09 at the most recent close of the market. An investor can expect a potential return of 36.11% based on the average TGT price forecast.

Analyzing the TGT fundamentals

According to Target Corp [NYSE:TGT], the company’s sales were 107.57B for trailing twelve months, which represents an 1.06% jump. Gross Profit Margin for this corporation currently stands at 0.28% 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 0.07, Equity is 0.31 and Total Capital is 0.16. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.35.

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 127.93 points at the first support level, and at 125.77 for the second support level. However, for the 1st resistance point, the stock is sitting at 131.50, and for the 2nd resistance point, it is at 132.91.

Ratios To Look Out For

It is important to note that Target Corp [NYSE:TGT] has a current ratio of 0.94. Also, the Quick Ratio is 0.25, while the Cash Ratio stands at 0.16. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 4.12 and price to earnings (TTM) ratio is 13.79.

Transactions by insiders

Recent insider trading involved Gomez Richard H., Executive Officer, that happened on Sep 27 ’24 when 6348.0 shares were sold. Officer, Gomez Richard H. completed a deal on Sep 27 ’24 to buy 6348.0 shares. Meanwhile, Chief Accounting Officer LIEGEL MATTHEW A sold 1000.0 shares on Aug 30 ’24.

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