Target, Ross Stores Expected To Post Higher Revenues As Consumers Stay Resilient: Analysts
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Target and Ross Stores Revenue Forecast: Analysts from Tesley Advisory Group predict that Target Corporation will see a 2% increase in second-quarter revenue to $25.3 billion, while Ross Stores is expected to experience a 6.9% rise to $5.28 billion, both exceeding market consensus estimates.
Market Performance: Target's stock rose by 1.67% to close at $144.03, while Ross Stores' shares fell by 0.27% to $147.40, with mixed results observed in ETFs tracking these companies.
Analyst Views on LQAI
Wall Street analysts forecast LQAI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LQAI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 39.701
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Current: 39.701
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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.
