Tanger (SKT) Stock Forecast, Price Target & Predictions
SKT Stock Forecast
Tanger stock forecast is as follows: an average price target of $33.50 (represents a 2.23% upside from SKT’s last price of $32.77) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
SKT Price Target
The average price target for Tanger (SKT) is $33.50 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $31.00. This represents a potential 2.23% upside from SKT's last price of $32.77.
SKT Analyst Ratings
According to 7 Wall Street analysts, Tanger's rating consensus is 'Buy'. The analyst rating breakdown for SKT stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Tanger Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 11, 2024 | Jeffrey Spector | Bank of America Securities | $35.00 | $33.53 | 4.38% | 6.81% |
| Sep 16, 2024 | Samir Khanal | Evercore ISI | $31.00 | $31.75 | -2.36% | -5.40% |
| Sep 11, 2024 | Floris Van Dijkum | Compass Point | $34.00 | $30.34 | 12.06% | 3.75% |
| Sep 04, 2024 | Michael Bilerman | Citigroup | $34.00 | $30.76 | 10.53% | 3.75% |
| May 17, 2024 | Caitlin Burrows | Goldman Sachs | $30.00 | $27.91 | 7.49% | -8.45% |
| May 17, 2024 | Sector Perform | Scotiabank | $28.00 | $27.89 | 0.39% | -14.56% |
| May 02, 2024 | Floris Van Dijkum | Compass Point | $32.00 | $27.43 | 16.66% | -2.35% |
| Aug 07, 2023 | Floris Van Dijkum | Compass Point | $26.00 | $25.01 | 3.96% | -20.66% |
The latest Tanger stock forecast, released on Oct 11, 2024 by Jeffrey Spector from Bank of America Securities, set a price target of $35.00, which represents a 4.38% increase from the stock price at the time of the forecast ($33.53), and a 6.81% increase from SKT last price ($32.77).
Tanger Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 7 |
| Avg Price Target | - | - | $32.00 |
| Last Closing Price | $32.77 | $32.77 | $32.77 |
| Upside/Downside | -100.00% | -100.00% | -2.35% |
In the current month, the average price target of Tanger stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Tanger's last price of $32.77. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 11, 2024 | Compass Point | Buy | Buy | Hold |
| Sep 04, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 26, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| May 17, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| May 17, 2024 | Scotiabank | Sector Perform | Perform | Upgrade |
| May 17, 2024 | Scotiabank | Sector Perform | Upgrade | |
| Apr 05, 2024 | Bank of America Securities | Buy | Upgrade | |
| Mar 21, 2024 | Citigroup | Buy | Upgrade | |
| Aug 07, 2023 | Compass Point | Buy | Upgrade | |
| Apr 26, 2022 | Zacks Investment Research | Buy | Upgrade |
Tanger's last stock rating was published by Evercore ISI on Sep 16, 2024. The company gave SKT a "Positive" rating, the same as its previous rate.
Tanger Financial Forecast
Tanger Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $117.35M | $110.64M | $108.94M | $116.46M | $111.45M | $105.84M | $108.87M | $112.09M | $112.47M | $101.27M | $100.69M | $111.16M | $103.21M | $63.99M | $111.63M | $120.49M | $118.99M |
| Avg Forecast | $138.99M | $135.23M | $132.04M | $128.22M | $136.00M | $125.19M | $122.10M | $120.01M | $129.31M | $125.80M | $121.50M | $120.24M | $117.93M | $110.61M | $96.71M | $101.54M | $109.09M | $105.36M | $104.45M | $104.14M | $108.41M | $95.53M | $96.31M | $98.23M | $101.93M | $86.07M | $92.14M | $109.00M | $116.13M | $112.75M |
| High Forecast | $141.73M | $137.88M | $134.63M | $130.74M | $138.67M | $127.65M | $124.50M | $120.85M | $132.19M | $126.08M | $121.50M | $120.24M | $118.97M | $113.79M | $98.61M | $103.53M | $111.50M | $105.36M | $104.45M | $104.14M | $108.41M | $95.53M | $96.31M | $98.23M | $101.93M | $86.07M | $92.14M | $109.00M | $116.13M | $112.75M |
| Low Forecast | $136.80M | $133.10M | $129.96M | $126.20M | $133.85M | $123.22M | $120.18M | $119.17M | $126.43M | $125.52M | $121.50M | $120.24M | $116.89M | $108.53M | $95.19M | $99.94M | $106.93M | $105.36M | $104.45M | $104.14M | $108.41M | $95.53M | $96.31M | $98.23M | $101.93M | $86.07M | $92.14M | $109.00M | $116.13M | $112.75M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.14% | 1.07% | 1.07% | 1.06% | 1.01% | 1.05% | 1.03% | 1.18% | 1.05% | 1.03% | 1.09% | 1.20% | 0.69% | 1.02% | 1.04% | 1.06% |
Tanger's average Quarter revenue forecast for Dec 23 based on 2 analysts is $117.93M, with a low forecast of $116.89M, and a high forecast of $118.97M. SKT's average Quarter revenue forecast represents a 0.50% increase compared to the company's last Quarter revenue of $117.35M (Sep 23).
Tanger EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $88.28M | $62.66M | $63.10M | $62.36M | $61.45M | $58.62M | $59.34M | $59.75M | $29.65M | $43.55M | $46.65M | $44.80M | $58.58M | $22.90M | $17.73M | $33.59M | $68.85M |
| Avg Forecast | $75.10M | $73.06M | $71.34M | $69.28M | $73.48M | $67.64M | $65.97M | $64.84M | $69.87M | $67.97M | $65.64M | $61.83M | $63.72M | $59.76M | $52.25M | $56.21M | $51.77M | $56.92M | $56.43M | $51.10M | $58.57M | $51.61M | $52.04M | $59.97M | $55.07M | $46.50M | $49.78M | $58.51M | $62.74M | $60.92M |
| High Forecast | $76.57M | $74.50M | $72.74M | $70.64M | $74.92M | $68.97M | $67.27M | $65.29M | $71.42M | $68.12M | $65.64M | $74.19M | $64.28M | $61.48M | $53.28M | $67.45M | $62.12M | $56.92M | $56.43M | $61.31M | $58.57M | $51.61M | $52.04M | $71.97M | $55.07M | $46.50M | $49.78M | $70.21M | $62.74M | $60.92M |
| Low Forecast | $73.91M | $71.91M | $70.21M | $68.19M | $72.32M | $66.57M | $64.93M | $64.39M | $68.31M | $67.82M | $65.64M | $49.46M | $63.16M | $58.64M | $51.43M | $44.96M | $41.42M | $56.92M | $56.43M | $40.88M | $58.57M | $51.61M | $52.04M | $47.98M | $55.07M | $46.50M | $49.78M | $46.81M | $62.74M | $60.92M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.48% | 1.20% | 1.12% | 1.20% | 1.08% | 1.04% | 1.16% | 1.02% | 0.57% | 0.84% | 0.78% | 0.81% | 1.26% | 0.46% | 0.30% | 0.54% | 1.13% |
2 analysts predict SKT's average Quarter EBITDA for Dec 23 to be $63.72M, with a high of $64.28M and a low of $63.16M. This is -27.82% lower than Tanger's previous annual EBITDA (Sep 23) of $88.28M.
Tanger Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $27.62M | $24.20M | $23.54M | $9.20M | $11.62M | $8.33M | $8.88M | $1.81M | $-10.58M | $2.48M | $4.13M | $263.00K | $13.03M | $-22.69M | $-26.88M | $-11.75M | $23.55M |
| Avg Forecast | $33.52M | $29.64M | $27.80M | $25.19M | $28.68M | $26.90M | $24.50M | $22.76M | $21.66M | $22.82M | $20.77M | $21.72M | $23.20M | $21.44M | $17.78M | $19.75M | $12.99M | $17.16M | $17.71M | $17.95M | $16.96M | $11.02M | $-857.85K | $5.31M | $-1.04M | $-4.22M | $3.91M | $-88.71M | $24.22M | $24.86M |
| High Forecast | $34.38M | $30.39M | $28.51M | $25.84M | $29.41M | $27.59M | $25.13M | $23.34M | $22.08M | $22.83M | $20.79M | $26.07M | $23.67M | $25.95M | $18.23M | $23.70M | $15.59M | $17.16M | $17.71M | $21.54M | $16.96M | $11.02M | $-857.85K | $6.38M | $-1.04M | $-4.22M | $3.91M | $-70.97M | $24.22M | $24.86M |
| Low Forecast | $32.84M | $29.03M | $27.23M | $24.68M | $28.09M | $26.35M | $24.00M | $22.30M | $21.25M | $22.82M | $20.74M | $17.38M | $22.73M | $14.67M | $17.41M | $15.80M | $10.39M | $17.16M | $17.71M | $14.36M | $16.96M | $11.02M | $-857.85K | $4.25M | $-1.04M | $-4.22M | $3.91M | $-106.45M | $24.22M | $24.86M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.29% | 1.36% | 1.19% | 0.71% | 0.68% | 0.47% | 0.49% | 0.11% | -0.96% | -2.89% | 0.78% | -0.25% | -3.08% | -5.81% | 0.30% | -0.49% | 0.95% |
Tanger's average Quarter net income forecast for Dec 23 is $23.20M, with a range of $22.73M to $23.67M. SKT's average Quarter net income forecast represents a -16.01% decrease compared to the company's last Quarter net income of $27.62M (Sep 23).
Tanger SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.94M | $18.30M | $17.43M | $19.37M | $17.37M | $19.33M | $15.47M | $18.51M | $14.82M | $15.70M | $16.79M | $12.40M | $11.18M | $11.57M | $12.58M | $12.88M | $12.29M |
| Avg Forecast | $19.87M | $19.33M | $18.87M | $18.33M | $19.44M | $17.89M | $17.45M | $17.15M | $18.48M | $17.98M | $17.37M | $16.38M | $16.86M | $15.81M | $13.82M | $14.89M | $18.37M | $15.06M | $14.93M | $13.53M | $15.50M | $13.66M | $13.77M | $21.59M | $14.57M | $12.30M | $13.17M | $41.53M | $16.60M | $16.12M |
| High Forecast | $20.26M | $19.71M | $19.24M | $18.69M | $19.82M | $18.25M | $17.80M | $17.27M | $18.90M | $18.02M | $17.37M | $19.65M | $17.01M | $16.26M | $14.10M | $17.86M | $22.05M | $15.06M | $14.93M | $16.24M | $15.50M | $13.66M | $13.77M | $25.91M | $14.57M | $12.30M | $13.17M | $49.83M | $16.60M | $16.12M |
| Low Forecast | $19.55M | $19.02M | $18.58M | $18.04M | $19.13M | $17.61M | $17.18M | $17.03M | $18.07M | $17.94M | $17.37M | $13.10M | $16.71M | $15.51M | $13.61M | $11.91M | $14.70M | $15.06M | $14.93M | $10.83M | $15.50M | $13.66M | $13.77M | $17.27M | $14.57M | $12.30M | $13.17M | $33.22M | $16.60M | $16.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.32% | 1.17% | 1.05% | 1.15% | 1.29% | 1.14% | 1.19% | 1.09% | 1.14% | 0.78% | 0.85% | 0.91% | 0.88% | 0.30% | 0.78% | 0.76% |
Tanger's average Quarter SG&A projection for Dec 23 is $16.86M, based on 2 Wall Street analysts, with a range of $16.71M to $17.01M. The forecast indicates a -10.98% fall compared to SKT last annual SG&A of $18.94M (Sep 23).
Tanger EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.26 | $0.23 | $0.23 | $0.09 | $0.11 | $0.08 | $0.09 | $0.02 | $-0.11 | $0.02 | $0.04 | - | $0.14 | $-0.25 | $-0.30 | $-0.13 | $0.25 |
| Avg Forecast | $0.30 | $0.27 | $0.25 | $0.23 | $0.26 | $0.24 | $0.22 | $0.21 | $0.20 | $0.21 | $0.19 | $0.19 | $0.21 | $0.19 | $0.16 | $0.12 | $0.18 | $0.16 | $0.16 | $0.13 | $0.15 | $0.10 | $-0.01 | $0.07 | $-0.01 | $-0.04 | $0.04 | $0.18 | $0.22 | $0.23 |
| High Forecast | $0.31 | $0.28 | $0.26 | $0.23 | $0.27 | $0.25 | $0.23 | $0.21 | $0.20 | $0.21 | $0.19 | $0.19 | $0.21 | $0.24 | $0.17 | $0.12 | $0.19 | $0.16 | $0.16 | $0.13 | $0.15 | $0.10 | $-0.01 | $0.07 | $-0.01 | $-0.04 | $0.04 | $0.18 | $0.22 | $0.23 |
| Low Forecast | $0.30 | $0.26 | $0.25 | $0.22 | $0.25 | $0.24 | $0.22 | $0.20 | $0.19 | $0.21 | $0.19 | $0.19 | $0.21 | $0.13 | $0.16 | $0.11 | $0.18 | $0.16 | $0.16 | $0.13 | $0.15 | $0.10 | $-0.01 | $0.07 | $-0.01 | $-0.04 | $0.04 | $0.18 | $0.22 | $0.23 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.34% | 1.43% | 2.00% | 0.48% | 0.71% | 0.50% | 0.65% | 0.11% | -1.10% | -2.57% | 0.59% | -0.30% | -3.65% | -7.05% | -1.65% | -0.59% | 1.11% |
According to 2 Wall Street analysts, Tanger's projected average Quarter EPS for Dec 23 is $0.21, with a low estimate of $0.21 and a high estimate of $0.21. This represents a -19.02% decrease compared to SKT previous annual EPS of $0.26 (Sep 23).
Tanger Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| RPT | Rithm Property Trust | $2.86 | $12.00 | 319.58% | Hold |
| KRG | Kite Realty Group Trust | $23.23 | $29.00 | 24.84% | Buy |
| UE | Urban Edge Properties | $20.34 | $25.00 | 22.91% | Buy |
| NNN | National Retail Properties | $39.40 | $47.67 | 20.99% | Buy |
| BFS | Saul Centers | $36.47 | $43.50 | 19.28% | Buy |
| O | Realty Income | $54.06 | $63.71 | 17.85% | Buy |
| BRX | Brixmor Property Group | $25.99 | $29.50 | 13.51% | Buy |
| IVT | InvenTrust Properties | $29.99 | $33.50 | 11.70% | Buy |
| GTY | Getty Realty | $30.37 | $33.00 | 8.66% | Hold |
| REG | Regency Centers | $71.33 | $77.50 | 8.65% | Buy |
| ADC | Agree Realty | $71.86 | $78.00 | 8.54% | Buy |
| KIM | Kimco Realty | $22.42 | $24.33 | 8.52% | Hold |
| SKT | Tanger | $32.77 | $33.50 | 2.23% | Buy |
| SPG | Simon Property Group | $173.63 | $167.93 | -3.28% | Buy |
| SITC | SITE Centers | $14.80 | $13.46 | -9.05% | Hold |
| ROIC | Retail Opportunity Investments | $17.45 | $15.83 | -9.28% | Hold |