How Will Target (NYSE:TGT) Stock React To New Rating Coverage byGoldman?

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Why Has Goldman Given Target (NYSE:TGT) a $102 Price Target

In a research note issued to clients and investors today, Goldman analysts began Target (NYSE:TGT) coverage with “Buy” rating, and a $102 target price.

Target Corporation (NYSE:TGT) Ratings Coverage

Among 12 analysts covering Target (NYSE:TGT), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Target has $11500 highest and $6700 lowest target. $87.77’s average target is 1.72% above currents $86.29 stock price. Target had 26 analyst reports since February 26, 2019 according to SRatingsIntel. Robert W. Baird maintained it with “Buy” rating and $90 target in Tuesday, March 5 report. The rating was maintained by Citigroup on Tuesday, February 26 with “Hold”. The stock of Target Corporation (NYSE:TGT) earned “Neutral” rating by Citigroup on Thursday, May 23. The firm has “Equal-Weight” rating given on Monday, May 20 by Morgan Stanley. As per Tuesday, March 5, the company rating was maintained by Barclays Capital. The stock of Target Corporation (NYSE:TGT) has “Buy” rating given on Wednesday, March 6 by Credit Suisse. Morgan Stanley maintained it with “Sell” rating and $67 target in Monday, March 11 report. KeyBanc Capital Markets maintained Target Corporation (NYSE:TGT) rating on Wednesday, March 6. KeyBanc Capital Markets has “Buy” rating and $110 target. The stock of Target Corporation (NYSE:TGT) earned “Overweight” rating by Barclays Capital on Monday, April 29. The firm has “Buy” rating by Gordon Haskett Capital Corporation given on Tuesday, March 5.

The stock increased 0.51% or $0.44 during the last trading session, reaching $86.29. About 926,459 shares traded. Target Corporation (NYSE:TGT) has declined 2.87% since July 11, 2018 and is downtrending. It has underperformed by 7.30% the S&P500.

Analysts await Target Corporation (NYSE:TGT) to report earnings on August, 28. They expect $1.61 EPS, up 9.52 % or $0.14 from last year’s $1.47 per share. TGT’s profit will be $806.49 million for 13.40 P/E if the $1.61 EPS becomes a reality. After $1.53 actual EPS reported by Target Corporation for the previous quarter, Wall Street now forecasts 5.23 % EPS growth.

Target Corporation operates as a general merchandise retailer. The company has market cap of $43.23 billion. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. It has a 15.1 P/E ratio. The firm also provides home furnishings and décor, such as furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software.

More notable recent Target Corporation (NYSE:TGT) news were published by: Ibtimes.com which released: “With Prime Membership Saturating, Amazon Needs to Grow Spend Per Customer – International Business Times” on June 26, 2019, also Investorplace.com with their article: “7 Retail Stocks to Buy That Are Down in 2019 – Investorplace.com” published on July 05, 2019, Fool.com published: “Target’s Lost Weekend: Anomalous or Ominous? – Motley Fool” on June 20, 2019. More interesting news about Target Corporation (NYSE:TGT) were released by: Finance.Yahoo.com and their article: “Why the Valuation of Target Stock Is Lower Than Its Peers – Yahoo Finance” published on July 01, 2019 as well as Forbes.com‘s news article titled: “Amazon Versus FedEx: The Retail Shipping Wars – Forbes” with publication date: June 28, 2019.

Target Corporation (NYSE:TGT) Ratings Chart

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