On Nov 21, major Wall Street analysts update their ratings for $Target (TGT.US)$, with price targets ranging from $129 to $195.
BofA Securities analyst Robert Ohmes maintains with a buy rating, and adjusts the target price from $195 to $160.
Barclays analyst Seth Sigman maintains with a hold rating, and adjusts the target price from $169 to $140.
Jefferies analyst Corey Tarlowe maintains with a buy rating, and adjusts the target price from $195 to $165.
Guggenheim analyst Robert Drbul maintains with a buy rating, and adjusts the target price from $190 to $145.
Baird analyst Justin Kleber maintains with a buy rating, and maintains the target price at $190.
Furthermore, according to the comprehensive report, the opinions of $Target (TGT.US)$'s main analysts recently are as follows:
Following Target's Q3 earnings shortfall and subdued outlook, the EPS forecast for FY25 was reduced, reflecting the Q3 miss and anticipated ongoing challenges in Q4. It's expected that the level performance in Q4 will demonstrate persistent weakness in discretionary categories and the effects of calendar timing, with most of the cost challenges from Q3 likely impacting the quarter.
Target's Q3 results did not meet earlier conservative estimates regarding margins due to the buildup of inventories around early receipts and increased discounting. This situation was exacerbated by a higher proportion of sales taking place during promotional periods, along with challenges from warm weather affecting apparel sales. While these are mostly seen as cyclical challenges, it is indicated that the responsibility to demonstrate improvement now rests with the company.
The firm's recent quarterly report highlighted three main concerns including subdued sales, reduced gross margins, and elevated SG&A costs, prompting a significant reaction in the stock today. 'Much of this appears to be a case of wrong place, wrong time,' which furthers discussions around market share and strategies for improving top-line results. There's an anticipation that sales improvements, which were not evident in this quarter, might materialize in the subsequent one.
Following Target's less than favorable Q3 results and a Q4 outlook that fell below expectations, estimates for FY24-FY26 have been reduced. The decelerating comp trends observed are partly attributed by the company to a cautious consumer spending environment. However, it appears there is an underperformance when compared to major competitors such as large wholesale and retail players.
Despite the disappointing Q3 performance, analysts see several options and strategies for the company to achieve a 6% operating margin. They adjusted their FY24 and FY25 EPS estimates to $8.60 and $9.50, respectively, based on recent results and the updated perspective on discretionary spending at the company.
Here are the latest investment ratings and price targets for $Target (TGT.US)$ from 13 analysts:
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美東時間11月21日，多家華爾街大行更新了$塔吉特 (TGT.US)$的評級，目標價介於129美元至195美元。
美銀證券分析師Robert Ohmes維持買入評級，並將目標價從195美元下調至160美元。
巴克萊銀行分析師Seth Sigman維持持有評級，並將目標價從169美元下調至140美元。
富瑞集團分析師Corey Tarlowe維持買入評級，並將目標價從195美元下調至165美元。
Guggenheim分析師Robert Drbul維持買入評級，並將目標價從190美元下調至145美元。
貝雅分析師Justin Kleber維持買入評級，維持目標價190美元。
此外，綜合報道，$塔吉特 (TGT.US)$近期主要分析師觀點如下：
在Target第三季度的收入不及預期和溫和的前景之後，FY25的每股收益預測下調，反映了第三季度的不及預期以及第四季度預期中的持續挑戰。預計第四季度的績效水平將展示出消費類別中持續的疲弱和日曆時間影響，第三季度大部分成本挑戰可能會影響到該季度。
由於早期收到的庫存積壓和增加折扣，Target第三季度的結果未達到之前對利潤率的保守估計。這種情況被提高促銷時銷售佔比較高以及受暖和天氣影響服裝銷售挑戰的因素所惡化。儘管這些情況大多被看作是週期性挑戰，但顯示改善的責任現在落在了公司身上。
公司最近的季度報告凸顯了三個主要問題，包括不景氣的銷售、降低的毛利率和提升的銷售和行政支出成本，引發今天股市的重大反應。'這在很大程度上看來是一個錯誤時間、錯誤地點的情況'，這進一步推動了有關市場份額和改善營收業績策略的討論。人們預期，雖然銷售的改善在這一季度並不明顯，但可能會在隨後的季度實現。
在Target不理想的第三財季業績和低於預期的第四財季前景之後，FY24-FY26的預估已經下調。公司稱觀察到的不斷放緩的同店銷售趨勢部分原因是公司對謹慎消費者支出環境的歸因。然而，與大型批發和零售行業主要競爭對手相比，看起來公司表現不佳。
儘管第三季度業績令人失望，分析師還是看到了公司實現6%營業利潤率的幾種期權和策略。他們根據最近的業績和對公司自主支出的更新看法，調整了FY24和FY25的每股收益預估，分別爲8.60美元和9.50美元。
以下爲今日13位分析師對$塔吉特 (TGT.US)$的最新投資評級及目標價：
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