The average TGT stock price forecast of $191.75 represents 26.8% upside potential, with a high price forecast of $223 and a low forecast of $161. After all things are considered, the challenges the company faces in the current macroeconomic environment raise a few red flags for near-term performance.
What is Target's stock rating?
Turning to Wall Street, Target has a Moderate Buy rating based on 12 Buys and eight Holds assigned over the past three months. The average TGT stock price forecast of $191.75 represents 26.8% upside potential, with a high price forecast of $223 and a low forecast of $161.
How has Target's stock been doing recently?
Diluted average shares outstanding have decreased from 582.5 million in 2017 to about 460 million as of the most recent quarter. Target's stock recorded a sizable stock price retreat in May 2022 after a significant earnings miss and hasn't recovered since.
