JPMorgan Reiterates Neutral Rating on Target (TGT)

DA Davidson Reiterates Buy Rating on Target (TGT)

DA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "About a year ago, we wrote a deep dive report laying out the margin pressure points for Target since the post COVID peak in... More

Target (TGT) PT Raised to $195 at BofA Securities

BofA Securities analyst Robert Ohmes raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Buy rating.

The analyst comments "We raise our F25/C24E EPS estimate to $9.70 (was $9.45) given the strong 2Q beat (see our 2Q earnings report)... More

Target (TGT) PT Raised to $177 at RBC Capital

RBC Capital analyst Steven Shemesh raised the price target on Target (NYSE: TGT) to $177.00 (from $174.00) while maintaining a Outperform rating.

The analyst comments "After a slew of retail read-throughs pointing to soft consumer demand, TGT posted a comp beat and its fourth consecutive quarter of... More

Morgan Stanley Reiterates Overweight Rating on Target (TGT)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT).

The analyst comments "How Q2'24 shapes our view. We are OW rated TGT and maintain our $180 price target, representing ~13% upside. Following todays rally, the stock... More

Target (TGT) PT Raised to $157 at Roth/MKM

Roth/MKM analyst Bill Kirk raised the price target on Target (NYSE: TGT) to $157.00 (from $153.00) while maintaining a Neutral rating.

The analyst comments "While Target beat 2Q expectations, we struggle to share the optimism shown in the market's reaction: 1) customers have not returned... More

Target (TGT) PT Raised to $160 at Evercore ISI

Evercore ISI analyst Greg Melich raised the price target on Target (NYSE: TGT) to $160.00 (from $158.00) while maintaining a In Line rating.

The analyst comments "Target is rekindling its cheap chic mojo, with 2Q providing an encouraging glimpse of traffic growth and margin recovery. 2% comps, traffic up 3%, and 160bps of EBIT... More

Target (TGT) PT Raised to $180 at Wells Fargo

Wells Fargo analyst Edward Kelly raised the price target on Target (NYSE: TGT) to $180.00 (from $160.00) while maintaining a Overweight rating.

The analyst comments "Remain Overweight: The stock's reaction today seems appropriate given concerns heading into the print. While macro uncertainty remains, back half... More

Target (TGT) PT Raised to $195 at Telsey

Telsey analyst Joseph Feldman raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Outperform rating.

The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 EPS guidance. The company... More

Target (TGT) PT Raised to $188 at Citi

Citi analyst Paul Lejuez raised the price target on Target (NYSE: TGT) to $188.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "Though many feared a consumer slowdown 2Q, TGT (like WMT), had a message of consistency. TGTs June and July... More

Target (TGT) PT Raised to $192 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the price target on Target (NYSE: TGT) to $192.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "TGT is currently up ~13% (vs. the S&P 500 at +0.3%) after its 2Q beat and revised FY24 guidance. The company's... More

Target (TGT) PT Raised to $195 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Buy rating.

The analyst comments "TGT's 2Q top-and bottom-line results came in ahead of Street ests. TGT returned to positive comp growth driven by improving traffic... More

DA Davidson Reiterates Buy Rating on Target (TGT)

DA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "In one of the more surprising prints so far in big box earnings season, Target pivoted back to its winning ways, beating 2Q... More

Telsey Reiterates Outperform Rating on Target (TGT)

Telsey analyst Joseph Feldman reiterated an Outperform rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 profit guidance. The company reported 2Q24 EPS of $2.57, well ahead of our estimate of $2.19 and the FactSet consensus (FS) of $2.18, with a comp of 2.0% vs. our... More

BMO Capital Reiterates Market Perform Rating on Target (TGT)

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $145.00 price target on Target (NYSE: TGT).

The analyst comments "TGT's F2Q25 was better than expectations on comps of 2% y/y vs. 1% expectations and gross margin upside. FY25 EPS guidance was... More

Goldman Sachs Reiterates Buy Rating on Target (TGT)

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $191.00 price target on Target (NYSE: TGT).

The analyst comments "TGT reported 2Q24 EPS of $2.57, above GS/consensus (Refinitiv) of $2.34/$2.18. SSS came in at +2.0%, vs. consensus of +1.2%, with an increase in traffic (+3.0%)... More

Morgan Stanley Reiterates Overweight Rating on Target (TGT)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT)

The analyst comments "1) That TGT can reinvigorate top-line while generating margin expansion, the crux of our OW thesis in '24, was evident in Q2'24, a nice improvement from Q1'24. Delivering these results amid a tougher quarter for the retail industry shows the power of: 1) the TGT brand, 2) its merchandising efforts, 3) recent price reductions driving sales, and 4)... More

Citi Reiterates Buy Rating on Target (TGT), 'we expect the stock to be up significantly'

Citi analyst Paul Lejuez reiterated a Buy rating and $180.00 price target on Target (NYSE: TGT)

The analyst comments "TGT beat EPS driven by sales and GM (and unlike in 1Q, SG&A was inline w/consensus). Despite some concerns a weak... More

Truist Securities Reiterates Hold Rating on Target (TGT)

Truist Securities analyst Scot Ciccarelli reiterated a Hold rating and $156.00 price target on Target (NYSE: TGT).

The analyst comments "Net/net Target posted its first comp growth in 5 quarters (albeit against the easiest comparisons it has faced in 15+ yrs) at +2.0% (2-year stack of -3.4% was... More

Jefferies Reiterates Buy Rating on Target (TGT)

Jefferies analyst Corey Tarlowe reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "Q2 comp sales of 2.0% beat expectations and was at the high end of guidance (flat-2%). Discretionary category trends continue to improve with apparel growing by... More

Stifel Reiterates Hold Rating on Target (TGT)

Stifel analyst Mark Astrachan reiterated a Hold rating and $147.00 price target on Target (NYSE: TGT).

The analyst comments "Comp increased 2%, better than consensus of 1.1%, with operating income of $1.635bn (consensus $1.385bn). The company maintained F2024 comp guidance (0%-2%), though anticipates... More

Roth/MKM Reiterates Neutral Rating on Target (TGT)

Roth/MKM analyst Bill Kirk reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).

The analyst comments "Target's 2Q (comp sales/profitability beat) eases the dual fears of increased competition and a weakening consumer. Gross margin was ~70bps ahead of... More

Midday movers: Target, Toll Brothers, Keysight rise; Macy's, JD.com, La-Z-Boy fall

(Updated - August 21, 2024 11:32 AM EDT)

Investing.com -- U.S. stock futures traded higher Wednesday after data showed a downward revision in US payrolls data, ahead of the release of minutes from the last Federal Reserve meeting.

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

Target Corporation (NYSE: TGT) stock soared 12% after the big box retailer raised its annual profit... More

Target stock surges as Q2 results top expectations, guidance raised

(Updated - August 21, 2024 9:51 AM EDT)

Target (NYSE: TGT) saw its shares soar 15% on Wednesday after the retailer reported better-than-expected second-quarter earnings and revenue while also raising its full-year profit outlook.

The Minneapolis-based company posted adjusted earnings per share of $2.57, surpassing analyst estimates of $2.19. Revenue for the quarter came in at $25.45 billion, beating the consensus forecast of $25.2 billion and representing a 2.6% YoY increase.

Comparable sales grew 2% in the second quarter, driven by a 3% increase in traffic. Digital comparable sales rose 8.7%, with same-day services experiencing double-digit growth.

Target's operating income margin... More

Target raises 2024 profit forecast as price cuts draw shoppers

By Ananya Mariam Rajesh, Siddharth Cavale

(Reuters) -Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores. 

Target's results reflect a similar strategy employed by Walmart and other retailers looking to attract increasingly price-sensitive consumers. It shows that U.S. consumers are constrained but not in recession mode: they are holding out for deals but have some financial flexibility, analysts and industry watchers said.

Shares of the Minneapolis-based retailer rose 16%, touching a near four-month... More

Target (TGT) Tops Q2 EPS by 38c, Beats on Revenue; Offers FY25 EPS Guidance

Target (NYSE: TGT) reported Q2 EPS of $2.57, $0.38 better than the analyst estimate of $2.19. Revenue for the quarter came in at $25.45 billion versus the consensus estimate of $25.2 billion.

GUIDANCE:

Target sees FY 2025 EPS of $9.00-$9.70, versus the consensus of $9.28.

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

Fed minutes, US futures, gold, Walmart - what's moving markets

Investing.com -- The main Wall Street looks set to start the day with minor gains as investors await the release of the minutes from the last Federal Reserve meeting as well as nonfarm payroll revisions. Gold continues to hit record highs, while Walmart looks set to sell its stake in Chinese e-commerce giant JD (NASDAQ: JD).com. 

Investors are looking to the release of the minutes from the last Federal... More

Target (TGT) call put ratio 1 call to 1.1 puts into quarter results

Target (NYSE: TGT) August 23 weekly call option implied volatility is at 105, September is at 41; compared to its 52-week range of 19 to 52 into the expected release of quarter results before the bell on August 21. Call put ratio 1 call to 1.1 puts.

Target (TGT) August 23 weekly 14 straddle priced into quarter results

Target (NYSE: TGT) August 23 weekly 14 straddle priced for a move of 11% into the expected release of quarter results before the bell on August 215.

Target (TGT) option IV elevated into quarter results

Target (NYSE: TGT) August 23 weekly call option implied volatility is at 88, September is at 40; compared to its 52-week range of 19 to 52 into the expected release of quarter results before the bell on August 21.

BofA Securities Reiterates Buy Rating on Target (TGT)

BofA Securities analyst Robert Ohmes reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT)

The analyst comments "Target (TGT) will report F2Q25 on 8/21. Our model assumes a comp inflection to +1% vs a -3.7% decline in F1Q, consistent with... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Powell's Jackson Hole speech in focus

U.S. stocks climbed on Friday, capping off the strongest week of 2024, as the market rebounded from the sharp downturn seen earlier in August.

The S&P 500 edged up 0.2% to 5,554.25, while the Nasdaq Composite rose 0.21% to 17,631.72. The Dow Jones Industrial Average also gained 96 points, or 0.24%, to close at 40,659.76.

For the week, the S&P 500 surged nearly 3.9%, marking its best performance since November 2023. The Nasdaq advanced 5.2%, and the Dow added 2.9%.

Last week's rally has brought the S&P 500 within 2% of its mid-July record high. Positive data, including stronger-than-expected retail sales and a drop in weekly... More

Target (TGT) call put ratio 1.7 calls to 1 put into quarter results

Target (NYSE: TGT) August 23 weekly 144 straddle priced for a move of 8% into the expected release of quarter results before the bell on August 21.