KeyBanc Capital Markets lifts Target Corporation [TGT] price estimate. Who else is bullish?

Target Corporation [NYSE: TGT] loss -0.42% on the last trading session, reaching $155.75 price per share at the time. The company report on October 5, 2022 that Target Names Prat Vemana Chief Digital and Product Officer.

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Vemana will oversee the company’s growing digital business, along with user experience and product operations.

Target Corporation (NYSE: TGT) today announced the hire of Prat Vemana as executive vice president, chief digital and product officer. Vemana will join Target Oct. 31 as a member of Target’s leadership team, reporting to Chief Guest Experience Officer Cara Sylvester. In this role, he will oversee Target’s digital business, including site merchandising, user experience, digital operations and product, and Target+, the retailer’s growing online third-party marketplace. Additionally, Vemana will provide key support for Target’s industry-leading product teams across the company by bringing a holistic view to the retailer’s overall product strategy.

Target Corporation represents 461.50 million in outstanding shares, while the company has a total market value of $73.33 billion with the latest information. TGT stock price has been found in the range of $155.48 to $159.00.

If compared to the average trading volume of 3.74M shares, TGT reached a trading volume of 2573216 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Target Corporation [TGT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TGT shares is $191.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TGT stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

KeyBanc Capital Markets have made an estimate for Target Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 14, 2022. While these analysts kept the previous recommendation, Truist raised their target price from $150 to $165. The new note on the price target was released on August 18, 2022, representing the official price target for Target Corporation stock. Previously, the target price had yet another drop from $231 to $223, while RBC Capital Mkts kept a Outperform rating on TGT stock. On August 18, 2022, analysts increased their price target for TGT shares from 190 to 200.

The Average True Range (ATR) for Target Corporation is set at 5.00, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.68. The Price to Book ratio for the last quarter was 6.79, with the Price to Cash per share for the same quarter was set at 2.37.

Trading performance analysis for TGT stock

Target Corporation [TGT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.61. With this latest performance, TGT shares dropped by -8.81% in over the last four-week period, additionally sinking by -27.87% over the last 6 months – not to mention a drop of -31.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TGT stock in for the last two-week period is set at 46.48, with the RSI for the last a single of trading hit 48.33, and the three-weeks RSI is set at 46.39 for Target Corporation [TGT]. The present Moving Average for the last 50 days of trading for this stock 163.35, while it was recorded at 153.86 for the last single week of trading, and 189.84 for the last 200 days.

Target Corporation [TGT]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Target Corporation [TGT] shares currently have an operating margin of +8.52 and a Gross Margin at +27.07. Target Corporation’s Net Margin is presently recorded at +6.55.

Return on Equity for this stock inclined to 50.95, with Return on Assets sitting at 13.22.

Target Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 0.80.

Target Corporation [TGT]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TGT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Target Corporation go to 19.59%.

An analysis of insider ownership at Target Corporation [TGT]

There are presently around $56,616 million, or 80.50% of TGT stock, in the hands of institutional investors. The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 42,475,475, which is approximately -1.8% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 38,655,391 shares of the stock with an approximate value of $6.02 billion in TGT stocks shares; and STATE STREET CORP, currently with $5.19 billion in TGT stock with ownership of nearly -6.761% of the company’s market capitalization.

Positions in Target Corporation stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 985 institutional holders increased their position in Target Corporation [NYSE:TGT] by around 36,824,003 shares. Additionally, 1,066 investors decreased positions by around 41,412,637 shares, while 205 investors held positions by with 285,270,799 shares. The mentioned changes placed institutional holdings at 363,507,439 shares, according to the latest SEC report filing. TGT stock had 159 new institutional investments in for a total of 4,844,931 shares, while 316 institutional investors sold positions of 7,142,813 shares during the same period.


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