What is the current Price Target and Forecast for Target (TGT) (2024)

(Real Time Quote from BATS)

$144.92 USD

144.92

1,981,599

+0.51 (0.35%)

Updated May 24, 2024 02:48 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

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3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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AValue | AGrowth | BMomentum | AVGM

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 36% (159 out of 249)

Industry: Retail - Discount Stores

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Target (TGT) (2) Better trading starts here.

Target (TGT) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$182.86 $220.00 $134.00 26.63%

Price Target

Based on short-term price targets offered by 28 analysts, the average price target for Target comes to $182.86. The forecasts range from a low of $134.00 to a high of $220.00. The average price target represents an increase of 26.63% from the last closing price of $144.41.

Analyst Price Targets (28)

Last Close 144.41

Average 182.86 26.63% Upside Low 134.00 -7.21% Downside High 220.00 52.34% Upside

Broker Rating

Target currently has an average brokerage recommendation (ABR) of 1.73 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 32 brokerage firms. The current ABR compares to an ABR of 1.80 a month ago based on 32 recommendations.

Of the 32 recommendations deriving the current ABR, 18 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 56.25% and 12.5% of all recommendations. A month ago, Strong Buy made up 53.13%, while Buy represented 12.5%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Target (TGT) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy1818171614
Buy44444
Hold1010111113
Sell00000
Strong Sell00000
ABR1.731.731.801.821.95

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
3/11/2024Argus Research Corp.Christopher GrajaNot AvailableStrong Buy
3/6/2024Roth Capital PartnersWilliam KirkHoldHold
3/6/2024Telsey Advisory GroupJoseph FeldmanStrong BuyStrong Buy
3/6/2024Raymond JamesBobby GriffinHoldHold
3/6/2024Truist SecuritiesScot CiccarelliHoldHold
3/6/2024BMO Capital MarketsKelly A BaniaHoldHold
3/6/2024Guggenheim Securities Robert S DrbulStrong BuyStrong Buy
3/6/2024D.A. DavidsonMichael BakerStrong BuyStrong Buy
3/5/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
2/14/2024Evercore PartnersGregory S MelichHoldHold
11/15/2023KeyBanc Capital MarketsBradley B ThomasHoldHold
8/22/2023Daiwa AmericaKahori TamadaNot AvailableModerate Buy
8/16/2023Robert W. Baird & Co.Peter S BenedictStrong BuyStrong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.73
ABR (Last week)1.73
# of Recs in ABR32
Average Target Price $182.86
LT Growth Rate11.50%
IndustryRetail - Discount Stores
Industry Rank by ABR159 of 252
Current Quarter EPS Est: 2.18
What is the current Price Target and Forecast for Target (TGT) (2024)

FAQs

What is the current Price Target and Forecast for Target (TGT)? ›

The average price target for Target is $183.11. This is based on 29 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $210.00 ,the lowest forecast is $153.00. The average price target represents 17.26% Increase from the current price of $156.16.

What is the prediction for TGT stock? ›

Target stock prediction for 1 year from now: $ 199.92 (33.37%) Target stock forecast for 2025: $ 171.35 (11.51%) Target stock prediction for 2030: $ 295.47 (92.29%)

Is TGT a good buy now? ›

The consensus among 25 Wall Street analysts covering (NYSE: TGT) stock is to Buy TGT stock.

What is current price and target price? ›

A target price is an estimate of the future price of a stock. Target prices are based on earnings forecasts and assumed valuation multiples. Target prices can be used to evaluate stocks and may be even more useful than an equity analyst's rating.

What is the price target forecast? ›

A price target is when an analyst creates a forecast of the future price of a security (tradable financial asset) based on historical and projected earnings.

What is the fair value of TGT stock? ›

As of 2024-05-31, the Fair Value of Target Corp (TGT) is 165.89 USD. This value is based on the Peter Lynch's Fair Value formula. With the current market price of 149.87 USD, the upside of Target Corp is 10.7%.

Who is the largest shareholder of target? ›

Largest shareholders include Vanguard Group Inc, State Street Corp, BlackRock Inc., Capital World Investors, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Franklin Resources Inc, VFINX - Vanguard 500 Index Fund Investor Shares, Massachusetts Financial Services Co /ma/, Wells Fargo & Company/mn, and ...

What is the stock price forecast for TGT in 2024? ›

Target Stock Price Forecast 2024-2025

The forecasted Target price at the end of 2024 is $159 - and the year to year change +12%. The rise from today to year-end: +2%. In the middle of 2024, we expect to see $158.

Is TGT a good dividend stock? ›

Despite its challenges, Target's dividend is safe. The company is still incredibly profitable and generates more than double the profit needed to cover the dividend expense. Its over 50-year track record of raising the dividend indicates it has grown the payout through plenty of past cycles and recessions.

Is TGT a dividend king? ›

“Dividend King” is a title reserved for those stocks that have not only paid but consistently increased dividends for at least half a century, like retail giant Target Corporation (TGT). This prestigious title underscores Target's commitment to efficiently maximizing shareholder return via dividends.

What should my Target price be? ›

There are many different ways to calculate a price target, but a common method involves using price-to-earnings ratios. If you divide the current P/E by the forward P/E and then multiply by the current price, you should have a reasonable prediction for the price target a year from now.

Should you sell at Target price? ›

If the target price indicates that a stock is overvalued, traders may consider selling or shorting the stock to minimise potential losses. On the other hand, if the target price suggests that a stock is undervalued, traders may see it as a chance to buy and potentially benefit from future price appreciation.

What is the 1 year Target estimate? ›

1 year target estimate is simply the price that analysts have predicted the stock will be one year from now. The reliability behind these estimates are the true question here. The way I see it, the accuracy of an estimate has the same chance as any other estimate.

What is the price prediction for TGT? ›

TGT Stock 12 Month Forecast

Based on 29 Wall Street analysts offering 12 month price targets for Target in the last 3 months. The average price target is $183.11 with a high forecast of $210.00 and a low forecast of $153.00. The average price target represents a 24.48% change from the last price of $147.10.

Is TGT a buy or sell? ›

Target stock has received a consensus rating of buy. The average rating score is and is based on 63 buy ratings, 32 hold ratings, and 1 sell ratings.

What is Target and forecast? ›

Targets are what an organisation would ideally like to achieve. Forecasts are what will most likely be achieved. Targets and forecasts will often be different. It's not a sign of failure; it's a key decision-making tool – an indication that that you may need to do something different than what you had planned.

Is Walmart a good buy right now? ›

Stepping into a new stake in Walmart (NYSE: WMT) right now might be a bit uncomfortable. Shares are up nearly 30% since October's low, and higher to the tune of 65% from their mid-2022 bottom (and well into record-high territory as a result). The stock is also priced at 26 times its projected per-share earnings.

What is the 1 year target estimate? ›

1 year target estimate is simply the price that analysts have predicted the stock will be one year from now. The reliability behind these estimates are the true question here. The way I see it, the accuracy of an estimate has the same chance as any other estimate.

How often does TGT pay dividends? ›

Quarterly

Is Costco stock a buy or sell? ›

Costco has 2.84% upside potential, based on the analysts' average price target. Is COST a Buy, Sell or Hold? Costco has a consensus rating of Strong Buy which is based on 20 buy ratings, 6 hold ratings and 0 sell ratings.

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