Barclays Maintains Equal-Weight on Target, Raises Price Target to $169
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 06 2024
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Should l Buy TGT?
Source: Benzinga
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Analyst Views on TGT
Wall Street analysts forecast TGT stock price to fall
26 Analyst Rating
8 Buy
14 Hold
4 Sell
Hold
Current: 116.540
Low
80.00
Averages
98.83
High
126.00
Current: 116.540
Low
80.00
Averages
98.83
High
126.00
About TGT
Target Corporation is a general merchandise retailer selling products to its guests through its stores and digital channels. The Company offers customers, referred to as guests, everyday essentials and fashionable, differentiated merchandise at discounted prices. The majority of its stores offer a wide assortment of general merchandise and food. Its merchandise categories include apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor. Most of its stores are larger than 170,000 square feet, offer a variety of general merchandise and a full line of food items comparable to traditional supermarkets. Its digital channels include a wide merchandise and food assortment, including many items found in its stores, along with a complementary assortment sold by the Company and third parties. Its brands include A New Day, Ava & Viv, Cloud Island, Favorite Day, and others. It serves guests at nearly 2,000 stores and at Target.com.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Performance Discrepancy: Walmart's stock has surged approximately 163% over the past five years, while Target's has plummeted about 40%, indicating Walmart's success in attracting consumers across income levels and boosting online sales, whereas Target struggles with declining sales and store traffic.
- Future Outlook: Walmart anticipates a full-year net sales increase of 4.8% to 5.1%, contrasting with Target's expected sales decline, highlighting significant differences in market performance and investor sentiment favoring Walmart's prospects.
- Strategic Adjustments: Target's new CEO Fiddelke aims to revitalize the brand by enhancing product quality and customer experience while strengthening the workforce, demonstrating a commitment to future growth despite facing numerous challenges.
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