On Nov 21, major Wall Street analysts update their ratings for $Target (TGT.US)$, with price targets ranging from $129 to $195.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and adjusts the target price from $195 to $160.
Barclays analyst Seth Sigman maintains with a hold rating, and adjusts the target price from $169 to $140.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and adjusts the target price from $195 to $165.
Guggenheim analyst Robert Drbul maintains with a buy rating, and adjusts the target price from $190 to $145.
Baird analyst Justin Kleber maintains with a buy rating, and maintains the target price at $190.
Furthermore, according to the comprehensive report, the opinions of $Target (TGT.US)$'s main analysts recently are as follows:
Following Target's Q3 earnings shortfall and subdued outlook, the EPS forecast for FY25 was reduced, reflecting the Q3 miss and anticipated ongoing challenges in Q4. It's expected that the level performance in Q4 will demonstrate persistent weakness in discretionary categories and the effects of calendar timing, with most of the cost challenges from Q3 likely impacting the quarter.
Target's Q3 results did not meet earlier conservative estimates regarding margins due to the buildup of inventories around early receipts and increased discounting. This situation was exacerbated by a higher proportion of sales taking place during promotional periods, along with challenges from warm weather affecting apparel sales. While these are mostly seen as cyclical challenges, it is indicated that the responsibility to demonstrate improvement now rests with the company.
The firm's recent quarterly report highlighted three main concerns including subdued sales, reduced gross margins, and elevated SG&A costs, prompting a significant reaction in the stock today. 'Much of this appears to be a case of wrong place, wrong time,' which furthers discussions around market share and strategies for improving top-line results. There's an anticipation that sales improvements, which were not evident in this quarter, might materialize in the subsequent one.
Following Target's less than favorable Q3 results and a Q4 outlook that fell below expectations, estimates for FY24-FY26 have been reduced. The decelerating comp trends observed are partly attributed by the company to a cautious consumer spending environment. However, it appears there is an underperformance when compared to major competitors such as large wholesale and retail players.
Despite the disappointing Q3 performance, analysts see several options and strategies for the company to achieve a 6% operating margin. They adjusted their FY24 and FY25 EPS estimates to $8.60 and $9.50, respectively, based on recent results and the updated perspective on discretionary spending at the company.
Here are the latest investment ratings and price targets for $Target (TGT.US)$ from 13 analysts:
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美東時間11月21日，多家華爾街大行更新了$塔吉特 (TGT.US)$的評級，目標價介於129美元至195美元。
美銀證券分析師Robert Ohmes維持買入評級，並將目標價從195美元下調至160美元。
巴克萊銀行分析師Seth Sigman維持持有評級，並將目標價從169美元下調至140美元。
富瑞集團分析師Corey Tarlowe維持買入評級，並將目標價從195美元下調至165美元。
Guggenheim分析師Robert Drbul維持買入評級，並將目標價從190美元下調至145美元。
貝雅分析師Justin Kleber維持買入評級，維持目標價190美元。
此外，綜合報道，$塔吉特 (TGT.US)$近期主要分析師觀點如下：
在Target第三季度盈利未達預期和展望疲軟的情況下，2025財年的每股收益預測被下調，這反映了第三季度的失誤以及預計在第四季度的持續挑戰。預計第四季度的表現將在非必要類目中顯示出持續的弱勢和日曆時機的影響，大部分來自第三季度的成本挑戰可能會影響該季度。
Target第三季度的業績未能滿足早前對利潤水平的保守預期，這主要是由於早期進貨導致的庫存積壓和增加的折扣情況。這一情況因促銷期間銷售佔比增加以及溫暖天氣對服裝銷售的影響而加劇。儘管這些大多被視爲週期性挑戰，但目前有跡象表明，展示改善的責任再次落在了公司身上。
該公司最近的季度報告突出了三個主要問題，包括銷售疲軟、毛利率下降和SG&A成本上升，導致今天股票大幅波動。"這在很大程度上似乎是一個錯誤的時機，錯誤的地點，"這進一步引發了圍繞市場份額和改善收入的策略的討論。預計在本季度未能顯現的銷售改善可能會在隨後的季度出現。
在Target的第三季度業績不佳和第四季度展望低於預期後，2024至2026財年的預測被下調。公司將觀察到的同店銷售趨勢放緩部分歸因於謹慎的消費者支出環境。然而，與大型批發和零售競爭對手相比，似乎表現不佳。
儘管第三季度表現令人失望，分析師們仍然看到公司實現6%營業利潤率的幾種期權和策略。他們將2024和2025財年的每股收益預估分別調整爲$8.60和$9.50，基於最近的業績和公司對非必要支出的更新視角。
以下爲今日13位分析師對$塔吉特 (TGT.US)$的最新投資評級及目標價：
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