Tanger (SKT) Stock Forecast & Price Target

$28.36

+0.64 (+2.31%)

(As of 07/26/2024 ET)

Tanger - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Tanger in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 4 have given a hold rating, and 3 have given a buy rating for SKT.

Consensus Price Target

$29.57
4.29% Upside

High Forecast	$33.00
Average Forecast	$29.57
Low Forecast	$26.00

According to the 7 analysts' twelve-month price targets for Tanger, the average price target is $29.57. The highest price target for SKT is $33.00, while the lowest price target for SKT is $26.00. The average price target represents a forecasted upside of 4.29% from the current price of $28.36.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$29.57	$29.57	$29.00	$21.25
Forecasted Upside	4.29% Upside	8.15% Upside	7.38% Upside	11.66% Upside

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SKT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SKT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tanger Stock vs. The Competition

Type	Tanger	Finance Companies	S&P 500
Consensus Rating Score	2.43	2.45	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	4.29% Upside	35.58% Upside	9.09% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/17/2024	Scotiabank 5 of 5 stars	G. Mcginniss Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Underperform ➝ Sector Perform	$20.00 ➝ $28.00	+0.38%
5/2/2024	Compass Point 4 of 5 stars		Upgrade	Neutral ➝ Buy	$31.00 ➝ $32.00	+16.66%
5/1/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$29.00 ➝ $28.00	+1.45%
4/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral	$24.00 ➝ $31.00	+12.83%
3/22/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$30.00 ➝ $33.00	+13.48%
12/18/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$27.00 ➝ $29.00	+6.03%
8/16/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$26.00	+5.82%
5/31/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:00 AM ET.

SKT Forecast - Frequently Asked Questions

What is Tanger's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Tanger is $29.57, with a high forecast of $33.00 and a low forecast of $26.00.
Should I buy or sell Tanger stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Tanger in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SKT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKT, but not buy additional shares or sell existing shares.
Does Tanger's stock price have much upside?: According to analysts, Tanger's stock has a predicted upside of 8.15% based on their 12-month stock forecasts.
Has Tanger been upgraded by Wall Street analysts recently?: Over the previous 90 days, Tanger's stock had 2 upgrades by analysts.
What analysts cover Tanger?: Tanger has been rated by research analysts at Compass Point, Evercore ISI, and Scotiabank in the past 90 days.
Do Wall Street analysts like Tanger more than its competitors?: Analysts like Tanger less than other "finance" companies. The consensus rating score for Tanger is 2.43 while the average consensus rating score for "finance" companies is 2.45. Learn more on how SKT compares to other companies.