On Nov 22, major Wall Street analysts update their ratings for $Target (TGT.US)$, with price targets ranging from $130 to $165.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and maintains the target price at $165.
Evercore analyst Greg Melich maintains with a hold rating, and adjusts the target price from $165 to $130.
TD Cowen analyst Oliver Chen maintains with a hold rating, and adjusts the target price from $180 to $145.
Stifel analyst Mark Astrachan maintains with a hold rating, and adjusts the target price from $165 to $137.
D.A. Davidson analyst Michael Baker maintains with a buy rating, and sets the target price at $150.
Furthermore, according to the comprehensive report, the opinions of $Target (TGT.US)$'s main analysts recently are as follows:
Following the company's weaker than expected Q3 earnings and subdued future guidance, forecasts for FY25 earnings per share have been reduced. This adjustment stems from the Q3 performance and anticipations of persistent challenges in the fourth quarter. It is noted that the continued slowdown in discretionary spending and specific calendar effects are expected to persist, impacting the forecasts for the upcoming quarter. Additionally, the pressures from cost headwinds experienced in Q3 are also expected to affect future quarters.
Target's third-quarter outcomes underperformed expectations regarding margins due to accumulated inventories from early receipts, alongside intensified discounting efforts. This situation was exacerbated by a significant amount of sales occurring during promotional periods and the impact of warm weather on apparel sales. It is suggested that these represent mostly cyclical challenges, putting pressure on the company to demonstrate operational resilience.
Target's Q3 report highlighted major concerns including weaker sales, diminished gross margins, and escalated SG&A costs, which significantly impacted stock performance today. Despite these issues seeming like a case of 'wrong place, wrong time', they also amplify discussions regarding market share and the trajectory towards improved revenue outcomes. The situation underscores a critical juncture in the company's narrative, where a rebound in sales is necessary, although it was not observed in Q3, it might be anticipated in Q4.
Target needs to address negative trends in home, apparel, hardlines segments, and improve digital channel profitability, as well as consistency outside of seasonal and promotional periods.
Target's Q3 outcomes fell below the reduced expectations, impacted by a cautious consumer stance and a negative outlook on margins heading into Q4, coupled with necessary investments to stabilize traffic amidst intensified competition from major players. Recent surveys have demonstrated a noticeable divide between those gaining market share and those struggling, with strong renewal intentions observed for some, while others work to ensure they are not sidelined by their dominant competitors.
Here are the latest investment ratings and price targets for $Target (TGT.US)$ from 6 analysts:
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美东时间11月22日，多家华尔街大行更新了$塔吉特 (TGT.US)$的评级，目标价介于130美元至165美元。
富瑞集团分析师Corey Tarlowe维持买入评级，维持目标价165美元。
Evercore分析师Greg Melich维持持有评级，并将目标价从165美元下调至130美元。
TD Cowen分析师Oliver Chen维持持有评级，并将目标价从180美元下调至145美元。
斯迪富分析师Mark Astrachan维持持有评级，并将目标价从165美元下调至137美元。
戴维森信托分析师Michael Baker维持买入评级，目标价150美元。
此外，综合报道，$塔吉特 (TGT.US)$近期主要分析师观点如下：
由于公司第三季度业绩低于预期和未来预期疲软，预计2025财年每股收益的预测已被下调。这一调整源于第三季度的表现以及对第四季度持续挑战的预期。需要注意的是，非必需消费支出的持续放缓和特定日历效应预计将持续，影响即将到来的季度的预测。此外，第三季度所经历的成本压力也预计会影响未来几个季度。
由于早期收货造成的累积库存以及加剧的打折力度，Target的第三季度结果未能达到关于利润率的预期。这种情况因在促销期间销售量显著增加以及温暖天气对服装销售的影响而加剧。建议认为这些主要是周期性挑战，给公司施加了展示运营韧性的压力。
Target的第三季度报告突出了主要问题，包括销售疲软、毛利率下降和SG&A成本上升，这对今天的股票表现产生了重大影响。尽管这些问题似乎是“错位”的案例，但它们也加大了关于市场份额和改善营业收入结果的讨论。这一情况强调了公司叙述中的关键时刻，销售的反弹是必要的，尽管在第三季度没有观察到，但可以期望在第四季度。
Target需要解决家居、服装和硬件领域的负面趋势，并改善数字渠道的盈利能力，以及在季节性和促销期间外的一致性。
Target的第三季度结果低于下调预期，受到消费谨慎态度的影响，以及对进入第四季度利润率的负面预期，且需要投资以在主要竞争者的激烈竞争中稳定交通。最近的调查显示，市场份额增长与挣扎之间存在明显差距，一些公司表现出强烈的续约意向，而其他公司则努力确保自己不会被其主要竞争对手抛在一边。
以下为今日6位分析师对$塔吉特 (TGT.US)$的最新投资评级及目标价：
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