Target (TGT) Stock Forecast & Price Target

$159.25

+15.93 (+11.11%)

(As of 08/21/2024 ET)

Target - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 28 Analyst Ratings

Based on 28 Wall Street analysts who have issued ratings for Target in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 28 analysts, 1 has given a sell rating, 10 have given a hold rating, and 17 have given a buy rating for TGT.

Consensus Price Target

$174.57
9.62% Upside

High Forecast	$220.00
Average Forecast	$174.57
Low Forecast	$116.00

According to the 28 analysts' twelve-month price targets for Target, the average price target is $174.57. The highest price target for TGT is $220.00, while the lowest price target for TGT is $116.00. The average price target represents a forecasted upside of 9.62% from the current price of $159.25.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	17 Buy rating(s)	18 Buy rating(s)	13 Buy rating(s)
Hold	10 Hold rating(s)	11 Hold rating(s)	10 Hold rating(s)	17 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$174.57	$176.57	$180.41	$159.66
Forecasted Upside	9.62% Upside	13.39% Upside	15.92% Upside	15.11% Upside

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TGT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TGT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Target Stock vs. The Competition

Type	Target	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.57	2.46	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	9.62% Upside	384.74% Upside	8.74% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/21/2024	Morgan Stanley 3 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$180.00 ➝ $180.00	+11.70%
8/16/2024	Telsey Advisory Group 2 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$190.00 ➝ $190.00	+34.11%
8/14/2024	Oppenheimer 3 of 5 stars		Lower Target	Outperform ➝ Outperform	$200.00 ➝ $180.00	+31.71%
8/13/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$170.00 ➝ $147.00	+8.87%
8/7/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$175.00 ➝ $160.00	+17.45%
8/5/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$165.00 ➝ $153.00	+9.94%
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8/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$153.00 ➝ $156.00	+3.87%
7/10/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Keith Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$156.00	+5.67%
6/20/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line ➝ In-Line	$165.00 ➝ $166.00	+15.84%
6/3/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Bottiglieri Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Underperform	$116.00	-25.72%
5/23/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$209.00 ➝ $190.00	+31.21%
5/23/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$190.00 ➝ $190.00	+31.52%
5/23/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$153.00 ➝ $153.00	+7.30%
5/23/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$170.00 ➝ $155.00	+8.70%
5/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$191.00 ➝ $185.00	+29.74%
5/23/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$191.00 ➝ $181.00	+26.94%
5/7/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$180.00	+13.64%
4/4/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$200.00 ➝ $220.00	+25.35%
4/1/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$195.00 ➝ $205.00	+13.98%
3/27/2024	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $210.00	+21.58%
3/6/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$160.00 ➝ $190.00	+9.83%
3/6/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$167.00 ➝ $195.00	+14.87%
3/6/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$160.00 ➝ $190.00	+12.69%
3/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$142.00 ➝ $169.00	+0.24%
3/6/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$176.00 ➝ $194.00	+15.07%
3/6/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$140.00 ➝ $195.00	+15.66%
11/16/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$161.00 ➝ $148.00	+13.44%
8/22/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$134.00	+4.84%
7/26/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Strong-Buy ➝ Market Perform
3/1/2023	Roth Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	W. Kirk Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral
3/1/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$160.00 ➝ $170.00	+5.09%
2/15/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$210.00 ➝ $200.00	+15.63%
12/6/2022	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$190.00	+22.64%
11/17/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$200.00 ➝ $180.00	+15.78%
8/22/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$210.00	+29.66%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:52 AM ET.

TGT Forecast - Frequently Asked Questions

What is Target's forecast for 2024?: According to the research reports of 28 Wall Street equities research analysts, the average twelve-month stock price forecast for Target is $174.57, with a high forecast of $220.00 and a low forecast of $116.00.
Should I buy or sell Target stock right now?: 28 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Target in the last year. There is currently 1 sell rating, 10 hold ratings and 17 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TGT shares.
Does Target's stock price have much upside?: According to analysts, Target's stock has a predicted upside of 14.51% based on their 12-month stock forecasts.
What analysts cover Target?: Target has been rated by research analysts at BNP Paribas, Evercore ISI, JPMorgan Chase & Co., Morgan Stanley, Oppenheimer, Piper Sandler, Stifel Nicolaus, Telsey Advisory Group, Truist Financial, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Target more than its competitors?: Analysts like Target more than other "retail/wholesale" companies. The consensus rating for Target is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how TGT compares to other companies.