Cleveland Research lifts Target Corporation [TGT] price estimate. Who else is bullish?

Target Corporation [NYSE: TGT] surged by $1.64 during the normal trading session on Wednesday and reaching a high of $154.65 during the day while it closed the day at $152.51. The company report on December 14, 2022 that Target’s Newest Deals and Fast, Easy Same-Day Services Take the Scramble Out of Last-Minute Shopping.

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Guests can place orders before 6 p.m. local time on Christmas Eve and get their purchases using Target’s same-day services, Drive Up and Order Pickup.

Guests can place orders before 4 p.m. local time on Christmas Eve for Same-Day Delivery with Shipt and have them delivered in as soon as 1-2 hours.

Target Corporation stock has also loss -0.81% of its value over the past 7 days. However, TGT stock has declined by -7.58% in the 3 months of the year. Over the past six months meanwhile, it has gained 3.44% and lost -34.10% year-on date.

The market cap for TGT stock reached $71.09 billion, with 460.30 million shares outstanding and 459.38 million shares in the current float. Compared to the average trading volume of 4.59M shares, TGT reached a trading volume of 3545684 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $176.84 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.

Cleveland Research have made an estimate for Target Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 12, 2022. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on December 06, 2022, representing the official price target for Target Corporation stock. Previously, the target price had yet another raise from $190 to $200, while Piper Sandler kept a Overweight rating on TGT stock. On November 17, 2022, analysts decreased their price target for TGT shares from 183 to 144.

The Average True Range (ATR) for Target Corporation is set at 5.55, with the Price to Sales ratio for TGT stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 6.37.

TGT stock trade performance evaluation

Target Corporation [TGT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.81. With this latest performance, TGT shares dropped by -11.98% in over the last four-week period, additionally plugging by 3.44% over the last 6 months – not to mention a drop of -35.18% 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 41.65, with the RSI for the last a single of trading hit 38.15, and the three-weeks RSI is set at 43.99 for Target Corporation [TGT]. The present Moving Average for the last 50 days of trading for this stock 159.56, while it was recorded at 151.98 for the last single week of trading, and 176.06 for the last 200 days.

Target Corporation [TGT]: An insightful look at the core fundamentals

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 0.90.

Earnings per share (EPS) analysis for Target Corporation [TGT] stock

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 -0.44%.

Target Corporation [TGT]: Insider Ownership positions

There are presently around $56,779 million, or 81.90% of TGT stock, in the hands of institutional investors. The top three institutional holders of TGT stocks are: VANGUARD GROUP INC with ownership of 42,833,900, which is approximately 0.844% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 37,824,144 shares of the stock with an approximate value of $5.77 billion in TGT stocks shares; and STATE STREET CORP, currently with $5.21 billion in TGT stock with ownership of nearly 2.557% of the company’s market capitalization.

Positions in Target Corporation stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 1,060 institutional holders increased their position in Target Corporation [NYSE:TGT] by around 31,137,786 shares. Additionally, 797 investors decreased positions by around 22,423,359 shares, while 251 investors held positions by with 318,733,436 shares. The mentioned changes placed institutional holdings at 372,294,581 shares, according to the latest SEC report filing. TGT stock had 157 new institutional investments in for a total of 5,021,083 shares, while 147 institutional investors sold positions of 2,938,441 shares during the same period.


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