Target (NYSE:TGT) Price Target Lowered to $120.00 at Stifel Nicolaus

On March 22, 2025, equities research firm Stifel Nicolaus announced a reduction in its price target for Target Corporation (NYSE:TGT) from $130.00 to $120.00 in a recent research note. This update was reported by various financial news outlets, including Benzinga. Stifel Nicolaus currently maintains a “hold” rating on Target’s stock. The new price target implies a potential upside of 15.06% from Target's most recent closing price.

Other analysts have also shared their perspectives on Target’s valuation lately. For instance, on March 5, Roth Capital set a price target of $122.00, while KGI Securities aimed slightly higher with a target price of $132.00. Meanwhile, Sanford C. Bernstein kept a “market perform” rating for Target in their report from the same day. DA Davidson lowered its price target from $153.00 to $140.00 while still recommending a “buy” rating, and Telsey Advisory Group also reduced its target from $150.00 to $145.00, maintaining an “outperform” rating.

Overall, the consensus from the analysts shows a mixed sentiment. Currently, one analyst rates the stock as a sell, seventeen recommend holding, and fifteen suggest buying. According to MarketBeat data, Target has an average rating of “Hold” and a consensus target price set at $145.55.

Target's Trading Performance

On the trading floor, Target's stock (NYSE:TGT) opened at $104.29 on March 22, 2025. The retailer has a market capitalization of approximately $47.51 billion. Its price-to-earnings (P/E) ratio stands at 11.06, and the price-to-earnings-growth (PEG) ratio is 1.94. Target's beta is recorded at 1.18, indicating higher market volatility compared to the overall market.

In the past year, Target’s stock hit a 52-week low of $101.76 and a high of $181.86. Financial indicators reveal a quick ratio of 0.25, a current ratio of 0.94, and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is noted at $125.89, whereas the 200-day moving average stands at $138.13.

Quarterly Earnings Reports

In its latest quarterly earnings report, Target released results on March 4, 2025. The company reported earnings per share (EPS) of $2.41, surpassing the consensus estimate of $2.24 by $0.17. The revenue for the quarter was reported at $30.92 billion, slightly higher than the forecasted $30.83 billion. Target achieved a return on equity of 31.11% and had a net profit margin of 4.06%. Analysts predict that Target is likely to post an EPS of 8.69 for the current fiscal year.

Institutional Investor Activities

Several hedge funds and institutional investors have recently adjusted their investments in Target. Legacy Investment Solutions LLC established a new position in Target during the third quarter, valued at $28,000. Similarly, Hopwood Financial Services Inc. acquired a stake worth around $29,000 in the fourth quarter. Other notable movements include Bernard Wealth Management Corp., which also purchased a new position valued at approximately $29,000 during the same period. MCF Advisors LLC increased their stake in Target by 175.3% and now holds 256 shares worth $35,000 following their recent acquisition. Lastly, Raleigh Capital Management Inc. upped its ownership by 110.7% in the fourth quarter, currently holding 257 shares of Target valued at $35,000. Together, hedge funds and institutional investors account for 79.73% of Target’s stock ownership.

About Target

Target Corporation is a prominent general merchandise retailer in the United States, offering a wide array of products including apparel for all ages, beauty and personal care items, home essentials, and pet supplies.

Target, Stocks, Analysis