Fintel reports that on May 7, 2024, Citigroup upgraded their outlook for Target (NYSE:TGT) from Neutral to Buy.
Analyst Price Forecast Suggests 19.20% Upside
As of May 2, 2024, the average one-year price target for Target is 188.75. The forecasts range from a low of 141.40 to a high of $231.00. The average price target represents an increase of 19.20% from its latest reported closing price of 158.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Target is 114,852MM, an increase of 6.93%. The projected annual non-GAAP EPS is 11.64.
What is the Fund Sentiment?
There are 3,020 funds or institutions reporting positions in Target. This is an increase of 220 owner(s) or 7.86% in the last quarter. Average portfolio weight of all funds dedicated to TGT is 0.33%, an increase of 13.01%. Total shares owned by institutions increased in the last three months by 2.44% to 440,300K shares. 
The put/call ratio of TGT is 1.08, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 25,386K shares representing 5.49% ownership of the company. In its prior filing, the firm reported owning 29,102K shares , representing a decrease of 14.64%. The firm increased its portfolio allocation in TGT by 0.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,502K shares representing 3.13% ownership of the company. In its prior filing, the firm reported owning 14,380K shares , representing an increase of 0.84%. The firm increased its portfolio allocation in TGT by 16.08% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 11,275K shares representing 2.44% ownership of the company. In its prior filing, the firm reported owning 11,091K shares , representing an increase of 1.63%. The firm increased its portfolio allocation in TGT by 15.66% over the last quarter.
Massachusetts Financial Services holds 10,164K shares representing 2.20% ownership of the company. In its prior filing, the firm reported owning 9,296K shares , representing an increase of 8.54%. The firm increased its portfolio allocation in TGT by 29.90% over the last quarter.
Franklin Resources holds 9,532K shares representing 2.06% ownership of the company. In its prior filing, the firm reported owning 9,395K shares , representing an increase of 1.44%. The firm increased its portfolio allocation in TGT by 20.25% over the last quarter.
Target Background Information
(This description is provided by the company.)
Minneapolis-based Target Corporation serves guests at nearly 1,900 stores and at Target.com. Since 1946, Target has given 5% of its profit to communities, which today equals millions of dollars a week.
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