Target Corporation (TGT) : 17 analysts are covering Target Corporation (TGT) and their average rating on the stock is 2.37, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Target Corporation (TGT) : 16 investment research analysts covering Target Corporation (TGT) have an average price target of $78.88 for the near short term. The highest target price given by the Brokerage Firm to the stock is $95 and the lowest target is $65 for the short term. Analysts expect the variance to be within $8.97 of the average price.
Target Corporation (NYSE:TGT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $69.54 and $69.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $70.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $70.51, notching a gain of 1.10% for the day. The total traded volume was 3,907,771 . The stock had closed at $69.74 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Target Corporation (NYSE:TGT). Goldman Sachs has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $75 per share from a prior target of $85. The rating by the firm was issued on May 20, 2016. The company shares have dropped -16.46% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $85.31 and the one year low was seen on May 18, 2016. The 50-Day Moving Average price is $68.67 and the 200 Day Moving Average price is recorded at $74.85.
Target Corporation is engaged in providing everyday essentials and fashionable, and differentiated merchandise at discounted prices. The Company offers its products through stores, online or through mobile devices. The Company sells an assortment of general merchandise and food through its store and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. Its urban format stores, CityTarget and TargetExpress, offer edited general merchandise and food assortments. Its digital channels include an assortment of general merchandise, including various items found in its stores, along with a complementary assortment, such as additional sizes and colors sold online. The Companys brands include Archer Farms, Simply Balanced, Boots & Barkley, Circo, Embark, Gilligan & OMalley, Market Pantry, Merona, Room Essentials, Smith & Hawken, Spritz and Sutton & Dodge.