Nomura analyst Michael Baker maintained a Buy rating on Target (TGT) on January 15 and set a price target of $136.00. The company’s shares closed last Monday at $116.92.
According to TipRanks.com, Baker is a 3-star analyst with an average return of 3.1% and a 59.0% success rate. Baker covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Burlington Stores.
Currently, the analyst consensus on Target is a Moderate Buy with an average price target of $138.24, implying a 18.7% upside from current levels. In a report issued on January 8, Credit Suisse also reiterated a Buy rating on the stock with a $138.00 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 $18.67 billion and net profit of $714 million. In comparison, last year the company earned revenue of $17.82 billion and had a net profit of $622 million.
Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TGT in relation to earlier this year.
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Target Corp. engages in owning and operating of general merchandise stores. It offers curated general merchandise and food assortments including perishables, dry grocery, dairy, and frozen items. The company was founded by George Draper Dayton in 1902 and is headquartered in Minneapolis, MN.
