Wells Fargo Upgrades Target (TGT) to Overweight, 'We Can Get There Now'

Here's why Wall Street analysts disagree on the direction of Target (TGT) shares

November 16, 2023 9:04 AM EST

Analysts at Cowen and Wells Fargo released notes on Target (NYSE: TGT) on Thursday, with one upgrading the stock and the other downgrading the retailer following its latest earnings release.

Before the open on Wednesday, TGT reported Q3 earnings of $2.10 per share, $0.63 better than the analyst estimate of $1.47. Revenue for the quarter came in at $25.4 billion versus the... More

TD Cowen Downgrades Target (TGT) to Market Perform, 'Stretched Consumer Will Continue to Pressure Growth'

November 16, 2023 5:31 AM EST

TD Cowen analyst Oliver Chen downgraded Target (NYSE: TGT) from Outperform to Market Perform with a price target of $148.00 (from $161.00).

The analyst comments "What remains impressive is that TGT is a much bigger and better business since 2019 and pre-pandemic. We acknowledge discretionary comparisons ease considerably in the 2H24, which could... More

Target (TGT) PT Raised to $144 at CFRA

November 15, 2023 2:15 PM EST

CFRA analyst Arun Sundaram raised the price target on Target (NYSE: TGT) to $144.00 (from $121.00) while maintaining a Hold rating.... More

Citi notes Target's (TGT) GM performance in 3Q better than expected

November 15, 2023 1:35 PM EST

Following Target's (NYSE: TGT) earnings release before the open Wednesday, Citi analyst Paul Lejuez said the company's sales were no worse than feared.

The retailer reported Q3 earnings of $2.10 per share, $0.63 better than the analyst estimate of $1.47. Revenue for the quarter came in at $25.4... More

Popular stocks with increasing volume: TGT CHGG CELH JD TJX MAT

November 15, 2023 10:48 AM EST

Popular stocks with increasing volume: TGT CHGG CELH JD TJX MAT

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Target, JD, Goodyear rise premarket; TJX, Advance Auto Parts fall

November 15, 2023 8:03 AM EST

Investing.com -- U.S. futures traded higher Wednesday, with the positive tone generated by the previous sessions cooler than expected inflation data continuing.

Here are some of the biggest premarket U.S. stock movers today:

Target... More

Dow futures rise; Target earnings, retail sales due

November 15, 2023 7:03 AM EST

Investing.com -- U.S. stock futures edged higher Wednesday, as investors digested a cooler than expected inflation report ahead of the release of retail sales data and earnings from major retailers.

By 06:35 ET (11:35 GMT), the Dow Futures contract was up 100 points, or 0.3%, S&P 500 Futures traded 16 points, or 0.4%, higher and Nasdaq 100 Futures climbed 84 points, or 0.5%.

The main indices on Wall Street closed sharply higher Tuesday after data showed price growth in the world's largest economy had slowed by more than expected last month, boosting hopes that the Fed's unprecedented run of... More

Futures inch higher, Target to report - what's moving markets

November 15, 2023 6:45 AM EST

Investing.com -- U.S. stock futures inch up on Wednesday, after the main indices on Wall Street soared in the prior session on optimism that slower-than-projected inflation data may lead the Federal Reserve to end its long-standing policy tightening campaign. Meanwhile, Target (NYSE: TGT) gears up to release its latest quarterly results and industrial activity in China grows at a faster than expected pace in October.

1. Futures tick higher

U.S. stock futures pointed into... More

Target third-quarter earnings top estimates amid inventory drawdown

November 15, 2023 6:44 AM EST

(Updated - November 15, 2023 7:17 AM EST)

Investing.com -- Target (NYSE: TGT) has posted higher-than-anticipated income in the third quarter and delivered a forecast for its current three-month period that was largely above Wall Street expectations, as the big-box retailer moved to clear out inventories and corral costs.

Adjusted earnings per share of $2.10 in the three months ended on... More

Target (TGT) jumps 10% after strong earnings beat

November 15, 2023 6:37 AM EST

Target (NYSE: TGT) jumps 10% after strong earnings beat and in-line earnings guidance:

reported Q3 EPS of $2.10, $0.63 better than the analyst estimate of $1.47. Revenue for the quarter came in at $25.4 billion versus the consensus estimate of $25.29 billion.Target sees Q4 2024 EPS of $1.90-$2.60, versus the consensus of $2.22.

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Target shares surge on margin improvement, inventory drawdown

November 15, 2023 6:33 AM EST

By Siddharth Cavale and Ananya Mariam Rajesh

(Reuters) -Target on Wednesday forecast holiday-quarter profit largely above analyst expectations as supply chain costs finally eased and its efforts to control inventory started to pay off, sending shares up 17%.

The big-box retailer's stock has lost a quarter of its value in a turbulent year marked by elevated inflation. Shoppers have focused on food and essentials purchases while spending less on home goods, electronics, toys and apparel.

Economists estimate this year's holiday season will be less robust than in 2022, and Target CEO Brian Cornell on a post-earnings call said... More

Target (TGT) Tops Q3 EPS by 63c

November 15, 2023 6:31 AM EST

Target (NYSE: TGT) reported Q3 EPS of $2.10, $0.63 better than the analyst estimate of $1.47. Revenue for the quarter came in at $25.4 billion versus the consensus estimate of $25.29 billion.

GUIDANCE:

Target sees Q4 2024 EPS of $1.90-$2.60, versus the consensus of $2.22.

For earnings history and earnings-related data on Target (TGT) click here.

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Target (TGT) November 111 straddle into quarter results

November 15, 2023 5:13 AM EST

Target (NYSE: TGT) November 111 straddle is priced for a move of 7.5% into the expected release of quarter results today before the bell.

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Target earnings, Cisco reports, retail sales: 3 things to watch

November 14, 2023 3:49 PM EST

Investing.com -- Stocks surged on Tuesday after a cooler than expected inflation report for October stoked investor hopes that the Federal Reserve will be done with its interest rate increases.

Top-line inflation came in at a slower pace than September's readings, more evidence that inflationary pressures are cooling. Later this week, producer prices and retail sales readings... More

Target (TGT) November option implied volatility above 100 into quarter results

November 14, 2023 10:42 AM EST

Target (NYSE: TGT) November call option implied volatility is at 103, December is at 44; compared to its 52-week range of 21 to 52. Call put ratio 1.8 calls to 1 put into expected release of quarter results on November 15.

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Target (TGT) PT Lowered to $135 at Jefferies

November 14, 2023 7:41 AM EST

Jefferies analyst Corey Tarlowe lowered the price target on Target (NYSE: TGT) to $135.00 (from $165.00) while maintaining a Buy rating.... More

Target (TGT) November 107 straddle into quarter results

November 14, 2023 5:23 AM EST

Target (NYSE: TGT) November 107 straddle is priced for a move of 7.5% into the expected release of quarter results before the bell on November 15.

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Walmart, Target earnings to offer clues on crucial holiday season

November 13, 2023 4:14 PM EST

By Siddharth Cavale

NEW YORK (Reuters) - With a mixed picture of consumer demand emerging over the past quarter, earnings results from Walmart and Target on Wednesday and Thursday respectively will shed light on what lies ahead for U.S. retailers ahead of Black Friday.

After a turbulent holiday season last year, when inflation peaked, shoppers' focus on buying essentials like bread, milk and toothpaste, left retailers with lots of unsold clothing and electronics, Wall Street is hoping recent economic data showing food disinflation and higher wages will spur shoppers to open their wallets this season.

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