Telsey Advisory Group Issues Pessimistic Forecast for Target (NYSE:TGT) Stock Price

Target (NYSE:TGT) had its target price decreased by stock analysts at Telsey Advisory Group from $150.00 to $145.00 in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price objective suggests a potential upside of 27.44% from the company’s previous close. Telsey Advisory Group also issued estimates for Target’s Q1 2026 earnings at $1.79 EPS, Q3 2026 earnings at $2.16 EPS, Q4 2026 earnings at $2.77 EPS, FY2026 earnings at $9.30 EPS and FY2027 earnings at $10.14 EPS.

TGT has been the topic of a number of other research reports. StockNews.com downgraded shares of Target from a “buy” rating to a “hold” rating in a research note on Monday. Daiwa Capital Markets cut shares of Target from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $130.00 in a report on Tuesday, November 26th. Jefferies Financial Group lowered their price target on shares of Target from $165.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday. HSBC lowered shares of Target from a “buy” rating to a “hold” rating and set a $138.00 price target for the company. in a research report on Wednesday, November 20th. Finally, TD Cowen cut their target price on shares of Target from $165.00 to $145.00 and set a “hold” rating for the company in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.00.

Target Price Performance

Shares of NYSE:TGT opened at $113.78 on Wednesday. The firm’s 50 day moving average price is $132.46 and its 200-day moving average price is $141.72. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $52.13 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.18. Target has a twelve month low of $112.53 and a twelve month high of $181.86.

Target (NYSE:TGT) last posted its quarterly earnings results on Tuesday, March 4th. The retailer reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.17. Target had a net margin of 4.06% and a return on equity of 31.11%. The business had revenue of $30.92 billion during the quarter, compared to analyst estimates of $30.83 billion. Equities research analysts expect that Target will post 8.69 EPS for the current year.

Hedge Funds Weigh In On Target

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Legacy Investment Solutions LLC acquired a new position in Target in the third quarter valued at approximately $28,000. Hopwood Financial Services Inc. acquired a new stake in Target in the fourth quarter valued at $29,000. Bernard Wealth Management Corp. acquired a new stake in Target in the fourth quarter valued at $29,000. MCF Advisors LLC raised its stake in shares of Target by 175.3% during the 4th quarter. MCF Advisors LLC now owns 256 shares of the retailer’s stock worth $35,000 after buying an additional 163 shares during the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in shares of Target by 110.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 257 shares of the retailer’s stock worth $35,000 after buying an additional 135 shares during the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Target Company Profile

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.