TGT Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Target (TGT) is currently showing signs of being oversold, with a 14-day RSI of 22.41, which is below the 30 threshold. This indicates potential for a technical bounce. The stock is trading below its 20-day moving average of $113.70, suggesting bearish momentum. However, the oversold condition could trigger a short-term recovery.
News Sentiment and Fundamental Analysis:
Recent news indicates that Target is facing challenges due to reduced consumer spending and lower sales, which has led to a decline in Q4 earnings and a warning of "meaningful" profit pressure in Q1. Additionally, the company has reduced employee bonuses to 87% of the expected amount, further signaling financial constraints. Despite these challenges, analysts maintain a buy rating with a consensus price target of $150, indicating potential upside.
Fibonacci Levels:
The Fibonacci levels suggest that the stock is currently trading near the S1 support level of $102.72, with resistance at $113.31. A breakout above this resistance could signal a bullish reversal.
Conclusion:
Based on the oversold condition and potential for a technical bounce, the stock is expected to rise to $108 in the next trading week. However, due to the negative fundamentals and macroeconomic headwinds, it is recommended to sell at this level to lock in profits.
TGT Similar Chart Price Prediction
The price of TGT is predicted to go up 48.33%, based on the high correlation periods with CCO. The similarity of these two price pattern on the periods is 98.94%.
TGT
CCO
Up: 48.33%Similarity: 98.94%
TGT Revenue Forecast
TGT EPS Forecast
TGT FAQs
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TGT VS S&P500
Given its iconic brand that attracts consumers due to its promise of a more gratifying customer experience compared with other low-cost retailers, we are confident in Target's ability to drive recurring foot traffic.
Based on its performance during the pandemic, we view Target as a formidable online retailer, putting to rest many concerns about its ability to compete in a digital retail environment.
Target is poised to benefit from the continued decline of mall-based competition and department stores, which will drive strong growth in comparable sales.
TGT Analyst's Forecast
Mark Astrachan
Stifel
Hold
2025-03-20
Price Target
$130 → $120
Upside
+15.16%
Stifel analyst Mark Astrachan lowered the firm's price target on Costco (COST) to $1,035 from $1,075 and keeps a Buy rating on the shares. The firm's survey work shows U.S. consumer spending intentions remain positive, though they worsened sequentially in March and February relative to January levels, says the analyst, who adds that the survey continues to favor Costco and Walmart (WMT) from a stock perspective.
Rupesh Parikh
Oppenheimer
Buy
2025-03-06
Price Target
$165 → $150
Upside
+31.52%
Edward Kelly
Wells Fargo
Buy
2025-03-05
Price Target
$150 → $135
Upside
+15.82%
