Fintel reports that on August 17, 2023, RBC Capital reiterated coverage of Target (NYSE:TGT) with a Outperform recommendation.
Analyst Price Forecast Suggests 34.99% Upside
As of August 2, 2023, the average one-year price target for Target is 173.80. The forecasts range from a low of 131.30 to a high of $231.00. The average price target represents an increase of 34.99% from its latest reported closing price of 128.75.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Target is 112,126MM, an increase of 3.81%. The projected annual non-GAAP EPS is 9.71.
What is the Fund Sentiment?
There are 2863 funds or institutions reporting positions in Target. This is a decrease of 163 owner(s) or 5.39% in the last quarter. Average portfolio weight of all funds dedicated to TGT is 0.35%, a decrease of 7.99%. Total shares owned by institutions increased in the last three months by 0.31% to 441,273K shares. 
The put/call ratio of TGT is 0.77, indicating a bullish 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 11,450K shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 12,905K shares, representing a decrease of 12.71%. The firm decreased its portfolio allocation in TGT by 80.74% 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.
ABALX - AMERICAN BALANCED FUND holds 9,838K shares representing 2.13% ownership of the company. No change in 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.
Additional reading:
- Target Corporation Reports Second Quarter Earnings
- Letter Agreement dated March 8, 2023 among Target Corporation, Target Enterprise, Inc. and TD Bank USA, N.A.
- Target Corporation Reports First Quarter Earnings
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