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Target (TGT) Stock Forecast & Price Target

$149.74
-2.35 (-1.55%)
(As of 07/19/2024 ET)

Target - 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

Based on 29 Wall Street analysts who have issued ratings for Target in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 29 analysts, 1 has given a sell rating, 11 have given a hold rating, and 17 have given a buy rating for TGT.

Consensus Price Target

$176.57
17.92% Upside
High Forecast$220.00
Average Forecast$176.57
Low Forecast$116.00

According to the 29 analysts' twelve-month price targets for Target, the average price target is $176.57. The highest price target for TGT is $220.00, while the lowest price target for TGT is $116.00. The average price target represents a forecasted upside of 17.92% from the current price of $149.74.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
17 Buy rating(s)
18 Buy rating(s)
16 Buy rating(s)
12 Buy rating(s)
Hold
11 Hold rating(s)
10 Hold rating(s)
11 Hold rating(s)
14 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$176.57$177.61$181.85$178.10
Forecasted Upside17.92% Upside14.52% Upside10.24% Upside11.36% Upside
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TGT 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.
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TGT 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.
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Target Stock vs. The Competition

TypeTargetRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.55
2.46
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside17.92% Upside55.83% Upside9.99% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Piper Sandler
2 of 5 stars
P. Keith
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Initiated CoverageNeutral$156.00+5.67%
6/20/2024Evercore ISI
2 of 5 stars
 Boost TargetIn-Line ➝ In-Line$165.00 ➝ $166.00+15.84%
6/3/2024BNP Paribas
3 of 5 stars
C. Bottiglieri
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Initiated CoverageUnderperform$116.00-25.72%
5/23/2024Deutsche Bank Aktiengesellschaft
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 Lower TargetBuy ➝ Buy$209.00 ➝ $190.00+31.21%
5/23/2024Robert W. Baird
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 Reiterated RatingOutperform ➝ Outperform$190.00 ➝ $190.00+31.52%
5/23/2024Roth Mkm
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 Reiterated RatingNeutral ➝ Neutral$153.00 ➝ $153.00+7.30%
5/23/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$170.00 ➝ $155.00+8.70%
5/23/2024UBS Group
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 Lower TargetBuy ➝ Buy$191.00 ➝ $185.00+29.74%
5/23/2024Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$191.00 ➝ $181.00+26.94%
5/23/2024Truist Financial
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 Lower TargetHold ➝ Hold$160.00 ➝ $153.00+6.72%
5/23/2024Morgan Stanley
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 Lower TargetOverweight ➝ Overweight$190.00 ➝ $180.00+25.55%
5/22/2024Telsey Advisory Group
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 Reiterated RatingOutperform ➝ Outperform$195.00 ➝ $195.00+25.22%
5/7/2024Citigroup
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 UpgradeNeutral ➝ Buy$180.00+13.64%
4/4/2024Gordon Haskett
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 Boost TargetBuy$200.00 ➝ $220.00+25.35%
4/1/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$195.00 ➝ $205.00+13.98%
3/27/2024Tigress Financial
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 Boost TargetBuy ➝ Buy$180.00 ➝ $210.00+21.58%
3/6/2024Bank of America
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 Boost TargetBuy ➝ Buy$160.00 ➝ $190.00+9.83%
3/6/2024Stifel Nicolaus
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 Boost TargetHold ➝ Hold$153.00 ➝ $177.00+1.39%
3/6/2024DA Davidson
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 Boost TargetBuy ➝ Buy$167.00 ➝ $195.00+14.87%
3/6/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$165.00 ➝ $190.00+12.69%
3/6/2024Guggenheim
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 Boost TargetBuy ➝ Buy$160.00 ➝ $190.00+12.69%
3/6/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$142.00 ➝ $169.00+0.24%
3/6/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$176.00 ➝ $194.00+15.07%
3/6/2024HSBC
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 UpgradeHold ➝ Buy$140.00 ➝ $195.00+15.66%
3/1/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$125.00 ➝ $157.00+1.70%
2/26/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$160.00 ➝ $170.00+12.20%
11/16/2023TD Cowen
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 DowngradeOutperform ➝ Market Perform$161.00 ➝ $148.00+13.44%
8/22/2023Daiwa Capital Markets
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 DowngradeOutperform ➝ Neutral$134.00+4.84%
7/26/2023Raymond James
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 DowngradeStrong-Buy ➝ Market Perform
3/1/2023Roth Capital
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W. Kirk
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Reiterated RatingNeutral
3/1/2023Credit Suisse Group
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 Boost TargetNeutral$160.00 ➝ $170.00+5.09%
2/15/2023Cowen
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 Lower TargetOutperform$210.00 ➝ $200.00+15.63%
12/6/2022Sanford C. Bernstein
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 Initiated CoverageOutperform$190.00+22.64%
11/17/2022KeyCorp
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 Lower TargetOverweight$200.00 ➝ $180.00+15.78%
8/22/2022Cowen
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 Boost Target$210.00+29.66%
8/18/2022MKM Partners
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William Kirk
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Lower TargetNeutral$163.00 ➝ $161.00-7.93%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:16 AM ET.

TGT Forecast - Frequently Asked Questions

What is Target's forecast for 2024?

According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Target is $176.57, with a high forecast of $220.00 and a low forecast of $116.00.

Should I buy or sell Target stock right now?

29 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There is currently 1 sell rating, 11 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TGT shares.

Does Target's stock price have much upside?

According to analysts, Target's stock has a predicted upside of 13.39% based on their 12-month stock forecasts.

Has Target been upgraded by Wall Street analysts recently?

Over the previous 90 days, Target's stock had 1 upgrade by analysts.

Do Wall Street analysts like Target more than its competitors?

Analysts like Target more than other "retail/wholesale" companies. The consensus rating for Target is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how TGT compares to other companies.


This page (NYSE:TGT) was last updated on 7/20/2024 by MarketBeat.com Staff

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