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Target (TGT) Stock Forecast, Price Target & Predictions

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TGT Stock Forecast

Target stock forecast is as follows: an average price target of $178.12 (represents a 46.34% upside from TGT’s last price of $121.72) and a rating consensus of 'Buy', based on 29 wall street analysts offering a 1-year stock forecast.

TGT Price Target

The average price target for Target (TGT) is $178.12 based on 1-year price targets from 29 Wall Street analysts in the past 3 months, with a price target range of $265.00 to $80.00. This represents a potential 46.34% upside from TGT's last price of $121.72.

TGT Analyst Ratings

Buy

According to 29 Wall Street analysts, Target's rating consensus is 'Buy'. The analyst rating breakdown for TGT stock is 0 'Strong Buy' (0.00%), 19 'Buy' (65.52%), 9 'Hold' (31.03%), 1 'Sell' (3.45%), and 0 'Strong Sell' (0.00%).

Target Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 21, 2024Zhihan MaBernstein$168.00$150.9111.32%38.02%
Sep 20, 2024Corey TarloweJefferies$195.00$154.7026.05%60.20%
Aug 24, 2024Kahori TamadaDaiwa$170.00$158.507.26%39.66%
Aug 22, 2024Michael LasserUBS$200.00$159.2525.59%64.31%
Aug 22, 2024Steven ShemeshRBC Capital$177.00$159.2511.15%45.42%
Aug 22, 2024Edward KellyWells Fargo$180.00$159.2513.03%47.88%
Aug 21, 2024Kelly BaniaBMO Capital$145.00$163.32-11.22%19.13%
Aug 21, 2024Kate McShaneGoldman Sachs$191.00$163.3416.93%56.92%
Aug 21, 2024Simeon GutmanMorgan Stanley$180.00$163.1510.33%47.88%
Aug 21, 2024Paul LejuezCitigroup$180.00$163.5010.09%47.88%
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The latest Target stock forecast, released on Oct 21, 2024 by Zhihan Ma from Bernstein, set a price target of $168.00, which represents a 11.32% increase from the stock price at the time of the forecast ($150.91), and a 38.02% increase from TGT last price ($121.72).

Target Price Target by Period

1M3M12M
# Anlaysts11343
Avg Price Target$168.00$175.31$174.70
Last Closing Price$121.72$121.72$121.72
Upside/Downside38.02%44.03%43.53%

In the current month, the average price target of Target stock is $168.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 38.02% increase as opposed to Target's last price of $121.72. This month's average price target is down -4.17% compared to last quarter, and down -3.84% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024JefferiesBuyBuyHold
Oct 22, 2024Wells FargoMarket PerformMarket PerformHold
Sep 23, 2024Wells FargoBuyBuyHold
Sep 23, 2024UBSUnderperformUnderperformHold
Sep 20, 2024JefferiesBuyBuyHold
Sep 19, 2024Cowen & Co.HoldHoldHold
Aug 24, 2024Daiwa-OutperformUpgrade
Aug 22, 2024Bank of America SecuritiesBuyBuyHold
Aug 22, 2024Telsey AdvisoryOutperformOutperformHold
Aug 22, 2024Evercore ISINegativeNegativeHold
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Target's last stock rating was published by Jefferies on Oct 22, 2024. The company gave TGT a "Buy" rating, the same as its previous rate.

Target Financial Forecast

Target Revenue Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
Revenue------------$31.92B----------$24.20B--$22.98B$19.61B$23.40B$18.66B
Avg Forecast$34.40B$28.40B$26.30B$26.30B$31.73B$26.81B$26.14B$25.30B$30.70B$25.87B$25.19B$24.51B$31.89B$25.28B$25.18B$25.25B$30.71B$26.40B$26.03B$24.48B$31.34B$24.60B$24.98B$21.76B$27.36B$20.83B$19.98B$19.02B$23.44B$18.47B
High Forecast$35.03B$28.92B$26.78B$26.78B$32.30B$27.30B$26.62B$25.76B$31.44B$26.09B$25.20B$24.51B$31.91B$25.49B$25.64B$25.72B$31.27B$27.31B$26.92B$25.31B$32.42B$25.45B$25.84B$22.51B$28.30B$21.54B$20.67B$19.68B$24.24B$19.10B
Low Forecast$33.53B$27.68B$25.64B$25.64B$30.93B$26.14B$25.48B$24.66B$30.02B$25.49B$25.18B$24.51B$31.86B$25.06B$24.54B$24.62B$29.93B$25.77B$25.41B$23.89B$30.59B$24.01B$24.38B$21.24B$26.70B$20.33B$19.50B$18.57B$22.87B$18.02B
# Analysts14159998121619199912189149915899912956332
Surprise %------------1.00%----------1.11%--1.15%1.03%1.00%1.01%

Target's average Quarter revenue forecast for May 24 based on 9 analysts is $24.51B, with a low forecast of $24.51B, and a high forecast of $24.51B. TGT's average Quarter revenue forecast represents a -23.21% decrease compared to the company's last Quarter revenue of $31.92B (Feb 24).

Target EBITDA Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts14159998121619199912189149915899912956332
EBITDA------------$2.49B----------$3.38B--$2.92B$1.09B$1.87B$1.66B
Avg Forecast$3.07B$2.53B$2.35B$2.35B$2.83B$2.39B$2.33B$2.26B$2.74B$2.31B$2.25B$3.46B$2.84B$2.26B$2.25B$3.15B$3.41B$2.34B$2.31B$2.49B$2.78B$2.18B$2.21B$2.35B$2.42B$1.84B$1.77B$1.84B$2.08B$1.64B
High Forecast$3.12B$2.58B$2.39B$2.39B$2.88B$2.44B$2.37B$2.30B$2.80B$2.33B$2.25B$4.15B$2.85B$2.27B$2.29B$3.77B$4.09B$2.42B$2.38B$2.98B$2.87B$2.25B$2.29B$2.82B$2.51B$1.91B$1.83B$2.20B$2.15B$1.69B
Low Forecast$2.99B$2.47B$2.29B$2.29B$2.76B$2.33B$2.27B$2.20B$2.68B$2.27B$2.25B$2.77B$2.84B$2.23B$2.19B$2.52B$2.73B$2.28B$2.25B$1.99B$2.71B$2.13B$2.16B$1.88B$2.37B$1.80B$1.73B$1.47B$2.03B$1.60B
Surprise %------------0.87%----------1.44%--1.65%0.59%0.90%1.01%

9 analysts predict TGT's average Quarter EBITDA for May 24 to be $3.46B, with a high of $4.15B and a low of $2.77B. This is 39.13% upper than Target's previous annual EBITDA (Feb 24) of $2.49B.

Target Net Income Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts14159998121619199912189149915899912956332
Net Income------------$1.38B----------$2.10B--$1.69B$284.00M$834.00M$714.00M
Avg Forecast$1.56B$1.32B$1.38B$1.17B$1.36B$1.18B$1.28B$1.04B$1.23B$1.06B$1.01B$1.90B$1.13B$683.19M$663.27M$1.73B$1.52B$1.00B$331.72M$1.37B$1.32B$1.31B$1.63B$1.31B$1.18B$742.48M$756.16M$818.93M$766.05M$551.18M
High Forecast$1.60B$1.35B$1.41B$1.20B$1.40B$1.21B$1.31B$1.06B$1.31B$1.10B$1.01B$2.28B$1.14B$728.74M$679.01M$2.07B$1.83B$1.05B$346.49M$1.64B$1.38B$1.37B$1.70B$1.57B$1.23B$775.53M$789.82M$982.71M$800.15M$575.71M
Low Forecast$1.51B$1.28B$1.34B$1.13B$1.32B$1.14B$1.24B$1.00B$1.07B$976.60M$1.01B$1.52B$1.12B$546.55M$641.51M$1.38B$1.22B$970.15M$321.37M$1.09B$1.28B$1.27B$1.58B$1.05B$1.14B$719.31M$732.56M$655.14M$742.15M$533.98M
Surprise %------------1.23%----------1.60%--2.23%0.35%1.09%1.30%

Target's average Quarter net income forecast for May 24 is $1.90B, with a range of $1.52B to $2.28B. TGT's average Quarter net income forecast represents a 37.52% increase compared to the company's last Quarter net income of $1.38B (Feb 24).

Target SG&A Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts14159998121619199912189149915899912956332
SG&A------------$6.03B----------$4.51B--$4.46B$4.06B$4.50B$4.15B
Avg Forecast$6.75B$5.57B$5.16B$5.16B$6.23B$5.26B$5.13B$4.96B$6.03B$5.08B$4.94B$6.81B$6.26B$4.96B$4.94B$6.19B$4.97B$5.19B$5.11B$4.90B$6.16B$4.83B$4.91B$5.17B$5.37B$4.09B$3.93B$4.42B$4.60B$3.63B
High Forecast$6.87B$5.68B$5.26B$5.26B$6.34B$5.36B$5.22B$5.06B$6.17B$5.12B$4.95B$8.18B$6.26B$5.00B$5.03B$7.43B$5.96B$5.36B$5.29B$5.88B$6.37B$5.00B$5.07B$6.20B$5.56B$4.23B$4.06B$5.31B$4.76B$3.75B
Low Forecast$6.58B$5.43B$5.03B$5.03B$6.07B$5.13B$5.00B$4.84B$5.89B$5.00B$4.94B$5.45B$6.25B$4.92B$4.82B$4.96B$3.97B$5.06B$4.99B$3.92B$6.01B$4.72B$4.79B$4.14B$5.25B$3.99B$3.83B$3.54B$4.49B$3.54B
Surprise %------------0.96%----------0.87%--1.14%0.92%0.98%1.14%

Target's average Quarter SG&A projection for May 24 is $6.81B, based on 9 Wall Street analysts, with a range of $5.45B to $8.18B. The forecast indicates a 13.01% rise compared to TGT last annual SG&A of $6.03B (Feb 24).

Target EPS Forecast

Feb 27Nov 26Aug 26May 26Feb 26Nov 25Aug 25May 25Feb 25Nov 24Aug 24May 24Feb 24Nov 23Aug 23May 23Feb 23Nov 22Aug 22May 22Feb 22Nov 21Aug 21May 21Feb 21Nov 20Aug 20May 20Feb 20Nov 19
# Analysts14159998121619199912189149915899912956332
EPS------------$2.98----------$4.20--$3.38$0.57$1.65$1.40
Avg Forecast$3.37$2.85$2.98$2.52$2.94$2.54$2.77$2.23$2.65$2.30$2.18$2.05$2.43$1.47$1.43$1.77$1.40$2.16$0.72$3.07$2.85$2.82$3.51$2.21$2.54$1.60$1.63$0.44$1.65$1.19
High Forecast$3.45$2.92$3.05$2.58$3.01$2.60$2.83$2.29$2.83$2.38$2.19$2.06$2.45$1.57$1.46$1.81$1.44$2.26$0.75$3.21$2.97$2.95$3.66$2.31$2.65$1.67$1.70$0.46$1.73$1.24
Low Forecast$3.26$2.76$2.88$2.44$2.85$2.46$2.67$2.16$2.32$2.11$2.18$2.05$2.41$1.18$1.38$1.71$1.36$2.09$0.69$2.97$2.76$2.74$3.40$2.14$2.46$1.55$1.58$0.43$1.60$1.15
Surprise %------------1.23%----------1.90%--2.07%1.30%1.00%1.18%

According to 9 Wall Street analysts, Target's projected average Quarter EPS for May 24 is $2.05, with a low estimate of $2.05 and a high estimate of $2.06. This represents a -31.12% decrease compared to TGT previous annual EPS of $2.98 (Feb 24).

Target Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
BIGBig Lots$0.50$12.502400.00%Hold
DGDollar General$73.27$151.20106.36%Buy
DLTRDollar Tree$63.18$113.8180.14%Buy
TGTTarget$121.72$178.1246.34%Buy
WMTWalmart$87.18$107.9823.86%Buy
COSTCostco Wholesale$928.08$797.65-14.05%Buy
BJBJ's Wholesale Club$85.70$72.53-15.37%Hold

TGT Forecast FAQ

Is Target a good buy?

Yes, according to 29 Wall Street analysts, Target (TGT) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 19 'Buy' recommendations, accounting for 65.52% of TGT's total ratings.

What is TGT's price target?

Target (TGT) average price target is $178.12 with a range of $80 to $265, implying a 46.34% from its last price of $121.72. The data is based on 29 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Target stock go up soon?

According to Wall Street analysts' prediction for TGT stock, the company can go up by 46.34% (from the last price of $121.72 to the average price target of $178.12), up by 117.71% based on the highest stock price target, and down by -34.28% based on the lowest stock price target.

Can Target stock reach $200?

TGT's highest twelve months analyst stock price target of $265 supports the claim that Target can reach $200 in the near future.

What is Target's current price target trend?

1 Wall Street analyst forecast a $168 price target for Target (TGT) this month, up 38.02% from its last price of $121.72. Compared to the last 3 and 12 months, the average price target increased by 44.03% and increased by 43.53%, respectively.

What are Target's analysts' financial forecasts?

Target's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $109.97B (high $111.98B, low $107.2B), average EBITDA is $9.81B (high $9.99B, low $9.56B), average net income is $4.86B (high $4.97B, low $4.7B), average SG&A $21.58B (high $21.98B, low $21.04B), and average EPS is $10.48 (high $10.73, low $10.14). TGT's analysts financial forecasts for the fiscal year (Feb 2027) are as follows: average revenue is $115.4B (high $117.51B, low $112.49B), average EBITDA is $10.29B (high $10.48B, low $10.03B), average net income is $5.43B (high $5.56B, low $5.25B), average SG&A $22.65B (high $23.06B, low $22.08B), and average EPS is $11.72 (high $12, low $11.34).

Did the TGT's actual financial results beat the analysts' financial forecasts?

Based on Target's last annual report (Feb 2024), the company's revenue was $107.41B, which missed the average analysts forecast of $107.6B by -0.18%. Apple's EBITDA was $8.51B, missing the average prediction of $10.49B by -18.90%. The company's net income was $4.14B, missing the average estimation of $4.2B by -1.50%. Apple's SG&A was $21.55B, missing the average forecast of $22.36B by -3.59%. Lastly, the company's EPS was $8.94, beating the average prediction of $7.1 by 25.88%. In terms of the last quarterly report (Feb 2024), Target's revenue was $31.92B, beating the average analysts' forecast of $31.89B by 0.10%. The company's EBITDA was $2.49B, missing the average prediction of $2.84B by -12.56%. Target's net income was $1.38B, beating the average estimation of $1.13B by 22.66%. The company's SG&A was $6.03B, missing the average forecast of $6.26B by -3.66%. Lastly, the company's EPS was $2.98, beating the average prediction of $2.43 by 22.59%