Target Fair Value Estimate Raised to US$162.76 After Q2 Analyst Target Hikes

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โดย Simply Wall St·US·Read original
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Analysts raised their fair value estimate for Target from about US$133.84 to roughly US$162.76, an increase of around 22%, following a wave of higher price targets across Wall Street after Q2 results. Wells Fargo, UBS, Guggenheim, DA Davidson, and Gordon Haskett lifted their price targets into the US$175 to US$200 range, citing improved comps and a turnaround in store traffic and merchandising, while RBC Capital, Telsey Advisory, and Jefferies pointed to Target's merchandising reset and category strength in Food, Beauty, and Baby. Oppenheimer, Mizuho, and Wolfe Research emphasized management changes, a cultural shift toward faster execution, and store remodels as signs the recovery is gaining traction beyond a single quarter. On the cautious side, BofA, Barclays, and Deutsche Bank kept more conservative ratings even after raising targets, flagging apparel and home as execution risks, and Roth Capital and Piper Sandler cited decelerating trends in some categories, slower high-margin ad revenue, and lagging digital growth versus Amazon and Walmart. The revised fair value estimate assumes revenue growth of roughly 3.37%, up from about 2.97%, a profit margin of about 3.83% versus roughly 3.59%, a future P/E multiple of roughly 20.0x versus about 18.0x, and a discount rate of roughly 7.38% versus about 7.34%.

Impact on stocks 13

Financials▲ · 10 stocks
Consumer Staples▲ · 2 stocks
Target Corporation
TGT
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Analysts raised Target's fair value estimate ~22% to US$162.76 and lifted price targets after Q2 results, citing improved comps and turnaround traction.

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Off-coverage companies 3

Gordon HaskettPrivate± Mixed
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Roth Capital PartnersPrivate± Mixed
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Wolfe ResearchPrivate± Mixed
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