
Target (TGT) Stock Forecast & Price Target
Target (TGT) Analyst Ratings
Bulls say
Target's sales for fiscal 2024 are projected to exceed $106 billion, driven largely by a diverse product offering that includes essential categories such as beauty and household essentials (30% of revenue) and food and beverage (23% of revenue). With nearly 2,000 stores fulfilling over 97% of its sales, Target's anchored physical presence allows it to leverage scale benefits, particularly as market share shifts away from smaller competitors facing supply chain challenges. Additionally, capital expenditures are set to increase to $5 billion in FY'26, aligning with Target's ongoing investment in store enhancements, technology, and ultimately supporting its competitive positioning in the retail market.
Bears say
Target's stock outlook is negatively impacted by a decline in store comparable sales, which fell by 3.8% and further decelerated on a two- and three-year stacked basis, indicating weakening customer traffic trends. The company's decision to lower its earnings per share guidance for 2025 from $7-$9 to $7-$8 reflects the challenging market environment and persistent volatility, with Q3 comparable sales coming in at -2.7%, falling short of expectations. Additionally, while e-commerce sales grew modestly by 2.4%, this growth pales in comparison to larger competitors, and the continual decline in Target Circle Card penetration adds further pressure to overall sales performance.
This aggregate rating is based on analysts' research of Target and is not a guaranteed prediction by Public.com or investment advice.
Target (TGT) Analyst Forecast & Price Prediction
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