Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Target (TGT) today. The company’s shares opened today at $69.37.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 14.9% and a 62.9% success rate. Feinseth covers the Services sector, focusing on stocks such as Booking Holdings Inc, Southwest Airlines, and Royal Caribbean.
Target has an analyst consensus of Moderate Buy, with a price target consensus of $84.08, which is a 21.2% upside from current levels. In a report issued on January 7, Credit Suisse also maintained a Buy rating on the stock with a $79 price target.
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Based on Target’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $17.82 billion and net profit of $622 million. In comparison, last year the company earned revenue of $16.67 billion and had a net profit of $480 million.
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Target Corp. engages in owning and operating of general merchandise stores. It also operates SuperTarget stores with a line of food and general merchandise items and offers an assortment of general merchandise, including many items found in the company’s stores and a complementary assortment, such as extended sizes and colors, sold only online.
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