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
The technical indicators show:
- RSI at 53.51 indicates neutral momentum
- MACD at 0.20 suggests slightly bullish momentum
- Current price is below both SMA-200 ($146.61) and SMA-20 ($136.54), indicating bearish long-term trend
Recent Major Events Impact
- Target announced ending its DEI program on January 24, 2025, which could impact investor sentiment
- Holiday sales showed positive momentum with 2.8% growth and comparable sales up 2.0%
- Discretionary sales categories showed meaningful acceleration during holidays
Price Drivers
- Positive Factors:
- Strong holiday performance with record sales during Black Friday and Cyber Monday
- Improved discretionary category performance, especially in apparel and toys
- Q4 comparable sales guidance raised to 1.5% growth from previous flat projection
- Negative Factors:
- Recent DEI program termination might create short-term volatility
- Margin pressures continue as EPS guidance remained unchanged despite sales growth
- Heavy reliance on promotional periods for sales growth
Price Prediction for Next Week Based on Fibonacci levels:
- Resistance levels: R1: $141.62, R2: $145.18, R3: $150.94
- Support levels: S1: $130.10, S2: $126.54, S3: $120.78
- Pivot: $135.86
Expected price range: $130.10 - $141.62
Trading Recommendation SELL with target price of $130.10 Rationale:
- Technical indicators show bearish trend continuation
- Recent organizational changes might create short-term selling pressure
- Heavy promotional activity suggests margin pressure
- Price currently trading below major moving averages
TGT Similar Chart Price Prediction
The price of TGT is predicted to go up -13.02%, based on the high correlation periods with UBER. The similarity of these two price pattern on the periods is 93.27%.
TGT
UBER
Down: -13.02%Similarity: 93.27%
TGT Revenue Forecast
TGT EPS Forecast
TGT FAQs
What is revenue forecast for next quarter？
What is eps forecast for next quarter？
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
Kahori Tamada
Daiwa Capital
Buy → Hold
Price Target
$130
Upside
+2.73%
Daiwa downgraded Target to Neutral from Outperform with a $130 price target.
Mark Astrachan
Stifel
Hold
Price Target
$165 → $137
Upside
+12.67%
Robert Drbul
Guggenheim
Strong Buy
Price Target
$180 → $145
Upside
+19.25%