DA Davidson Issues Positive Forecast for Target (NYSE:TGT) Stock Price

Key Points

• DA Davidson raised its Target price target to $170 from $155 and maintained a “buy” rating, implying approximately 10.86% upside from the reported share price.
• Target recently traded down 0.7% to $153.34, while its latest quarterly results exceeded expectations: EPS was $1.71 versus a $1.47 consensus, and revenue rose 6.7% year over year to $25.44 billion.
• Analyst sentiment remains mixed, with a consensus “hold” rating and average price target of $143.85; institutional investors own 79.73% of Target’s shares.

Target (NYSE:TGT - Get Free Report) had its target price hoisted by stock analysts at DA Davidson from $155.00 to $170.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the retailer's stock. DA Davidson's price target points to a potential upside of 10.86% from the stock's current price.

Several other equities research analysts also recently issued reports on the stock. Bank of America reiterated an "underperform" rating and issued a $124.00 target price (up from $110.00) on shares of Target in a research note on Wednesday, August 12th. Truist Financial boosted their price target on Target from $130.00 to $147.00 and gave the stock a "hold" rating in a research report on Friday. Weiss Ratings restated a "hold (c)" rating on shares of Target in a research note on Friday, July 31st. Guggenheim raised their price objective on Target from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Finally, Robert W. Baird raised their price objective on Target from $125.00 to $135.00 and gave the company a "neutral" rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $143.85.

Target Stock Down 0.7%

TGT traded down $1.14 during trading on Monday, reaching $153.34. 860,263 shares of the stock were exchanged, compared to its average volume of 5,378,885. The stock has a market cap of $69.65 billion, a P/E ratio of 20.25, a price-to-earnings-growth ratio of 2.51 and a beta of 0.96. Target has a twelve month low of $83.44 and a twelve month high of $156.47. The stock's 50 day moving average price is $138.02 and its two-hundred day moving average price is $126.29. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.30 and a current ratio of 0.93.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.24. Target had a net margin of 3.24% and a return on equity of 22.92%. The firm had revenue of $25.44 billion during the quarter, compared to analysts' expectations of $24.66 billion. During the same quarter last year, the company posted $1.30 earnings per share. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Equities analysts expect that Target will post 8.4 EPS for the current year.

Insider Transactions at Target

In other Target news, insider Cara A. Sylvester sold 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the transaction, the insider owned 45,930 shares in the company, valued at $5,782,127.70. This represents a 17.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Target

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of Target in the 2nd quarter valued at approximately $5,054,604,000. Bank of New York Mellon Corp bought a new stake in shares of Target during the 2nd quarter worth approximately $831,466,000. Norges Bank acquired a new stake in shares of Target during the 4th quarter worth approximately $587,903,000. TOMS Capital Investment Management LP acquired a new stake in shares of Target during the 4th quarter worth approximately $257,571,000. Finally, Jupiter Topco LLC bought a new position in Target in the second quarter valued at approximately $320,006,000. 79.73% of the stock is currently owned by institutional investors.

Target Company Profile

Target Corporation NYSE: TGT is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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