TGT Price Prediction Next Week
Based on the provided data and recent market developments, here's a comprehensive analysis for TGT's price prediction for next week:
Technical Analysis
- RSI (14) at 33.09 indicates oversold conditions
- MACD shows bearish momentum with -2.53 and negative histogram
- Stock is trading below all major moving averages (5,10,20,60,200-day)
- Bollinger Bands show price near lower band (118.40), suggesting potential bounce
Recent Price Action
- Current price: $124.36
- Stock has declined significantly, down from recent highs
- Trading volume has increased during the decline, indicating strong selling pressure
Fundamental Catalysts
- Holiday sales showed modest growth of 2.8%
- Company faces potential challenges from tariffs and changing consumer behavior
- Target has revised its full-year EPS guidance to $8.30-$8.90
- Recent DEI policy changes could impact consumer sentiment
Price Prediction for Next Week
Bearish Scenario ($118-120):
- Break below support could trigger further selling
- Tariff concerns intensify
- Broader market weakness continues
Base Case ($122-126):
- Consolidation near current levels
- Oversold conditions lead to stabilization
- Support holds at current levels
Bullish Scenario ($128-130):
- Oversold bounce materializes
- Positive market sentiment returns
- Support from value investors at current valuations
Recommendation: SELL
- Technical indicators remain bearish
- Multiple fundamental headwinds
- Wait for clear reversal signals before considering long positions
- Target price: $120 with stop loss at $127
TGT Similar Chart Price Prediction
The price of TGT is predicted to go up -14.91%, based on the high correlation periods with WRLD. The similarity of these two price pattern on the periods is 94.55%.
TGT
WRLD
Down: -14.91%Similarity: 94.55%
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
Christopher Horvers
JP Morgan
Hold
2025-02-26
Price Target
$139 → $146
Upside
+17.7%
JPMorgan raised the firm's price target on Target to $146 from $139 and keeps a Neutral rating on the shares. The firm increased Q4 earnings estimates to high-end of Target's guidance range with inventories expected to "exit clean." However, it forecasts Q1 guidance below consensus, with fiscal 2025 lower on sales but a bit higher than the current consensus earnings.
Paul Lejuez
Citigroup
Hold
2025-01-17
Price Target
$130 → $133
Downside
-0.46%
Kahori Tamada
Daiwa Capital
Buy → Hold
2024-11-26
Price Target
$130
Upside
+2.73%
