Target (TGT) Stock Forecast, Price Target & Predictions
TGT Stock Forecast
Target stock forecast is as follows: an average price target of $178.12 (represents a 18.75% upside from TGT’s last price of $149.99) 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 18.75% upside from TGT's last price of $149.99.
TGT Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Zhihan Ma | Bernstein | $168.00 | $150.91 | 11.32% | 12.01% |
| Sep 20, 2024 | Corey Tarlowe | Jefferies | $195.00 | $154.70 | 26.05% | 30.01% |
| Aug 24, 2024 | Kahori Tamada | Daiwa | $170.00 | $158.50 | 7.26% | 13.34% |
| Aug 22, 2024 | Michael Lasser | UBS | $200.00 | $159.25 | 25.59% | 33.34% |
| Aug 22, 2024 | Steven Shemesh | RBC Capital | $177.00 | $159.25 | 11.15% | 18.01% |
| Aug 22, 2024 | Edward Kelly | Wells Fargo | $180.00 | $159.25 | 13.03% | 20.01% |
| Aug 21, 2024 | Kelly Bania | BMO Capital | $145.00 | $163.32 | -11.22% | -3.33% |
| Aug 21, 2024 | Kate McShane | Goldman Sachs | $191.00 | $163.34 | 16.93% | 27.34% |
| Aug 21, 2024 | Simeon Gutman | Morgan Stanley | $180.00 | $163.15 | 10.33% | 20.01% |
| Aug 21, 2024 | Paul Lejuez | Citigroup | $180.00 | $163.50 | 10.09% | 20.01% |
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 12.01% increase from TGT last price ($149.99).
Target Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 16 | 50 |
| Avg Price Target | $168.00 | $175.56 | $169.82 |
| Last Closing Price | $149.99 | $149.99 | $149.99 |
| Upside/Downside | 12.01% | 17.05% | 13.22% |
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 12.01% increase as opposed to Target's last price of $149.99. This month's average price target is down -4.31% compared to last quarter, and down -1.07% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 22, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 22, 2024 | Wells Fargo | Market Perform | Market Perform | Hold |
| Sep 23, 2024 | Wells Fargo | Buy | Buy | Hold |
| Sep 23, 2024 | UBS | Underperform | Underperform | Hold |
| Sep 20, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 19, 2024 | Cowen & Co. | Hold | Hold | Hold |
| Aug 24, 2024 | Daiwa | - | Outperform | Upgrade |
| Aug 22, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Aug 22, 2024 | Telsey Advisory | Outperform | Outperform | Hold |
| Aug 22, 2024 | Evercore ISI | Negative | Negative | Hold |
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 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $31.92B | - | - | - | - | - | - | - | - | - | - | $24.20B | - | - | $22.98B | $19.61B | $23.40B | $18.66B | $18.42B | $17.63B | $22.98B | $16.78B |
| Avg Forecast | $31.81B | $26.89B | $26.17B | $25.36B | $30.81B | $25.94B | $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 | $18.30B | $17.48B | $22.94B | $23.15B |
| High Forecast | $33.19B | $28.06B | $27.31B | $26.47B | $31.52B | $26.13B | $25.20B | $24.51B | $31.91B | $25.49B | $26.27B | $26.35B | $32.04B | $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 | $18.93B | $18.08B | $23.73B | $27.78B |
| Low Forecast | $30.96B | $26.18B | $25.47B | $24.69B | $30.15B | $25.50B | $25.18B | $24.51B | $31.86B | $25.06B | $24.51B | $24.58B | $29.89B | $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 | $17.86B | $17.06B | $22.39B | $18.52B |
| # Analysts | 9 | 8 | 12 | 16 | 19 | 19 | 9 | 9 | 12 | 18 | 9 | 14 | 9 | 9 | 15 | 8 | 9 | 9 | 9 | 12 | 9 | 5 | 6 | 3 | 3 | 2 | 2 | 2 | 3 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | 1.00% | - | - | - | - | - | - | - | - | - | - | 1.11% | - | - | 1.15% | 1.03% | 1.00% | 1.01% | 1.01% | 1.01% | 1.00% | 0.72% |
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 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 8 | 12 | 16 | 19 | 19 | 9 | 9 | 12 | 18 | 9 | 14 | 9 | 9 | 15 | 8 | 9 | 9 | 9 | 12 | 9 | 5 | 6 | 3 | 3 | 2 | 2 | 2 | 3 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | $2.49B | - | - | - | - | - | - | - | - | - | - | $3.38B | - | - | $2.92B | $1.09B | $1.87B | $1.66B | $1.96B | $1.79B | $1.77B | $1.68B |
| Avg Forecast | $2.82B | $2.38B | $2.32B | $2.25B | $2.73B | $2.30B | $2.23B | $3.46B | $2.82B | $2.24B | $2.23B | $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 | $1.62B | $1.76B | $2.03B | $2.16B |
| High Forecast | $2.94B | $2.49B | $2.42B | $2.34B | $2.79B | $2.31B | $2.23B | $4.15B | $2.83B | $2.26B | $2.33B | $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 | $1.68B | $2.11B | $2.10B | $2.60B |
| Low Forecast | $2.74B | $2.32B | $2.26B | $2.19B | $2.67B | $2.26B | $2.23B | $2.77B | $2.82B | $2.22B | $2.17B | $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 | $1.58B | $1.41B | $1.98B | $1.73B |
| Surprise % | - | - | - | - | - | - | - | - | 0.88% | - | - | - | - | - | - | - | - | - | - | 1.44% | - | - | 1.65% | 0.59% | 0.90% | 1.01% | 1.21% | 1.02% | 0.87% | 0.78% |
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 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 8 | 12 | 16 | 19 | 19 | 9 | 9 | 12 | 18 | 9 | 14 | 9 | 9 | 15 | 8 | 9 | 9 | 9 | 12 | 9 | 5 | 6 | 3 | 3 | 2 | 2 | 2 | 3 | 7 |
| Net Income | - | - | - | - | - | - | - | - | $1.38B | - | - | - | - | - | - | - | - | - | - | $2.10B | - | - | $1.69B | $284.00M | $834.00M | $714.00M | $938.00M | $795.00M | $798.00M | $718.00M |
| Avg Forecast | $1.39B | $1.19B | $1.28B | $1.04B | $1.24B | $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 | $749.70M | $792.75M | $703.23M | $1.09B |
| High Forecast | $1.47B | $1.25B | $1.36B | $1.10B | $1.32B | $1.10B | $1.01B | $2.28B | $1.14B | $728.74M | $700.83M | $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 | $783.07M | $951.30M | $734.53M | $1.31B |
| Low Forecast | $1.34B | $1.14B | $1.24B | $1.01B | $1.08B | $980.64M | $1.01B | $1.52B | $1.12B | $546.55M | $640.30M | $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 | $726.30M | $634.20M | $681.28M | $875.90M |
| Surprise % | - | - | - | - | - | - | - | - | 1.23% | - | - | - | - | - | - | - | - | - | - | 1.60% | - | - | 2.23% | 0.35% | 1.09% | 1.30% | 1.25% | 1.00% | 1.13% | 0.66% |
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 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 8 | 12 | 16 | 19 | 19 | 9 | 9 | 12 | 18 | 9 | 14 | 9 | 9 | 15 | 8 | 9 | 9 | 9 | 12 | 9 | 5 | 6 | 3 | 3 | 2 | 2 | 2 | 3 | 7 |
| SG&A | - | - | - | - | - | - | - | - | $6.03B | - | - | - | - | - | - | - | - | - | - | $4.51B | - | - | $4.46B | $4.06B | $4.50B | $4.15B | $3.91B | $3.66B | $4.38B | $3.54B |
| Avg Forecast | $6.25B | $5.28B | $5.14B | $4.98B | $6.05B | $5.09B | $4.95B | $6.81B | $6.26B | $4.97B | $4.95B | $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 | $3.60B | $4.35B | $4.51B | $4.25B |
| High Forecast | $6.52B | $5.51B | $5.36B | $5.20B | $6.19B | $5.13B | $4.95B | $8.18B | $6.27B | $5.01B | $5.16B | $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 | $3.72B | $5.22B | $4.66B | $5.10B |
| Low Forecast | $6.08B | $5.14B | $5.00B | $4.85B | $5.92B | $5.01B | $4.95B | $5.45B | $6.26B | $4.92B | $4.81B | $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 | $3.51B | $3.48B | $4.40B | $3.40B |
| Surprise % | - | - | - | - | - | - | - | - | 0.96% | - | - | - | - | - | - | - | - | - | - | 0.87% | - | - | 1.14% | 0.92% | 0.98% | 1.14% | 1.09% | 0.84% | 0.97% | 0.83% |
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 26 | Nov 25 | Aug 25 | May 25 | Feb 25 | Nov 24 | Aug 24 | May 24 | Feb 24 | Nov 23 | Aug 23 | May 23 | Feb 23 | Nov 22 | Aug 22 | May 22 | Feb 22 | Nov 21 | Aug 21 | May 21 | Feb 21 | Nov 20 | Aug 20 | May 20 | Feb 20 | Nov 19 | Aug 19 | May 19 | Feb 19 | May 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 8 | 12 | 16 | 19 | 19 | 9 | 9 | 12 | 18 | 9 | 14 | 9 | 9 | 15 | 8 | 9 | 9 | 9 | 12 | 9 | 5 | 6 | 3 | 3 | 2 | 2 | 2 | 3 | 7 |
| EPS | - | - | - | - | - | - | - | - | $2.98 | - | - | - | - | - | - | - | - | - | - | $4.20 | - | - | $3.38 | $0.57 | $1.65 | $1.40 | $1.83 | $1.54 | $1.54 | $1.34 |
| Avg Forecast | $2.99 | $2.56 | $2.77 | $2.25 | $2.67 | $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 | $1.62 | $1.43 | $1.52 | $1.39 |
| High Forecast | $3.16 | $2.70 | $2.93 | $2.38 | $2.84 | $2.38 | $2.19 | $2.06 | $2.45 | $1.57 | $1.51 | $1.87 | $1.48 | $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 | $1.69 | $1.50 | $1.58 | $1.67 |
| Low Forecast | $2.89 | $2.47 | $2.67 | $2.18 | $2.32 | $2.12 | $2.18 | $2.05 | $2.41 | $1.18 | $1.38 | $1.71 | $1.35 | $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 | $1.57 | $1.39 | $1.47 | $1.11 |
| Surprise % | - | - | - | - | - | - | - | - | 1.23% | - | - | - | - | - | - | - | - | - | - | 1.90% | - | - | 2.07% | 1.30% | 1.00% | 1.18% | 1.13% | 1.07% | 1.02% | 0.96% |
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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BIG | Big Lots | $0.50 | $12.50 | 2400.00% | Hold |
| DG | Dollar General | $82.00 | $151.20 | 84.39% | Buy |
| DLTR | Dollar Tree | $66.81 | $115.86 | 73.42% | Buy |
| WMT | Walmart | $82.45 | $106.93 | 29.69% | Buy |
| TGT | Target | $149.99 | $178.12 | 18.75% | Buy |
| COST | Costco Wholesale | $886.07 | $797.65 | -9.98% | Buy |
| BJ | BJ's Wholesale Club | $86.75 | $72.53 | -16.39% | 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 18.75% from its last price of $149.99. 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 18.75% (from the last price of $149.99 to the average price target of $178.12), up by 76.68% based on the highest stock price target, and down by -46.66% 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 12.01% from its last price of $149.99. Compared to the last 3 and 12 months, the average price target increased by 17.05% and increased by 13.22%, respectively.
What are Target's analysts' financial forecasts?
Target's analysts financial forecasts for the fiscal year (Feb 2025) are as follows: average revenue is $106.45B (high $107.36B, low $105.34B), average EBITDA is $10.72B (high $11.49B, low $9.93B), average net income is $5.21B (high $5.71B, low $4.59B), average SG&A $22.91B (high $24.45B, low $21.33B), and average EPS is $9.2 (high $9.46, low $8.67). TGT's analysts financial forecasts for the fiscal year (Feb 2026) are as follows: average revenue is $110.23B (high $115.03B, low $107.29B), average EBITDA is $9.76B (high $10.19B, low $9.5B), average net income is $4.9B (high $5.18B, low $4.73B), average SG&A $21.65B (high $22.59B, low $21.08B), and average EPS is $10.57 (high $11.17, low $10.21).
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 $10.44B by -18.50%. 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 $22.37B by -3.65%. 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 $2.82B by -11.95%. 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 -3.74%. Lastly, the company's EPS was $2.98, beating the average prediction of $2.43 by 22.59%