Fintel reports that on June 1, 2023, JP Morgan downgraded their outlook for Target (NYSE:TGT) from Overweight to Neutral .
Analyst Price Forecast Suggests 40.86% Upside
As of May 11, 2023, the average one-year price target for Target is 184.43. The forecasts range from a low of 156.55 to a high of $231.00. The average price target represents an increase of 40.86% from its latest reported closing price of 130.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Target is 112,126MM, an increase of 2.61%. The projected annual non-GAAP EPS is 9.71.
What is the Fund Sentiment?
There are 3026 funds or institutions reporting positions in Target. This is a decrease of 17 owner(s) or 0.56% in the last quarter. Average portfolio weight of all funds dedicated to TGT is 0.39%, an increase of 9.23%. Total shares owned by institutions increased in the last three months by 1.70% to 441,443K shares. 
The put/call ratio of TGT is 1.12, indicating a bearish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 36,088K shares representing 7.82% ownership of the company. In it's prior filing, the firm reported owning 31,773K shares, representing an increase of 11.96%. The firm increased its portfolio allocation in TGT by 22.39% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,252K shares representing 3.09% ownership of the company. In it's prior filing, the firm reported owning 13,993K shares, representing an increase of 1.82%. The firm increased its portfolio allocation in TGT by 4.51% over the last quarter.
Bank Of America holds 12,905K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 11,770K shares, representing an increase of 8.79%. The firm increased its portfolio allocation in TGT by 9.87% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 10,741K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 10,640K shares, representing an increase of 0.94%. The firm increased its portfolio allocation in TGT by 4.04% over the last quarter.
Wells Fargo holds 9,981K shares representing 2.16% ownership of the company. In it's prior filing, the firm reported owning 9,799K shares, representing an increase of 1.82%. The firm decreased its portfolio allocation in TGT by 63.60% 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.
Key filings for this company:
This story originally appeared on Fintel.
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