Deutsche Bank analyst Paul Trussell maintained a Buy rating on Target (TGT) today and set a price target of $122.00. The company’s shares closed last Monday at $91.04.
According to TipRanks.com, Trussell is a 3-star analyst with an average return of 0.3% and a 51.7% success rate. Trussell covers the Services sector, focusing on stocks such as United Natural Foods, Burlington Stores, and Designer Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Target with a $125.69 average price target, representing a 26.8% upside. In a report issued on March 16, Barclays also maintained a Buy rating on the stock with a $120.00 price target.
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Based on Target’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $23.4 billion and net profit of $834 million. In comparison, last year the company earned revenue of $22.98 billion and had a net profit of $798 million.
Based on the recent corporate insider activity of 97 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.
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