Is Target a good long term stock? (2024)

Is Target a good long term stock?

Its bottom-line is projected to rise 5% year-over-year for 2025, while Wall Street anticipates its top line to improve by 0.7%. 12 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.25 to $9.39 per share for 2025.

Is Target a good long term investment?

A company's earnings performance is important for value investors as well. For fiscal 2024, 17 analysts revised their earnings estimate higher in the last 60 days for TGT, while the Zacks Consensus Estimate has increased $0.76 to $8.34 per share. TGT also holds an average earnings surprise of 30.8%.

What are the best stocks to buy long term?

Is Target Corp a good stock to buy?

TGT Analyst Recommendation Trends

In the current month, TGT has received 36 Buy Ratings, 15 Hold Ratings, and 0 Sell Ratings. TGT average Analyst price target in the past 3 months is $183.62.

Why would someone invest in Target?

Despite the recent stock price increase, Target, with a Value Score of A, appears undervalued compared to the industry. Target's P/E ratio of 16.64 is notably lower than that of the industry's 23.2. This presents a compelling entry point for investors seeking value and growth potential in the long term.

Is it smart to invest in Target right now?

Is Target stock a Buy, Sell or Hold? Target stock has received a consensus rating of buy. The average rating score is and is based on 60 buy ratings, 35 hold ratings, and 1 sell ratings.

Is Target financially healthy?

The Company's operating income margin rate of 5.3 percent was nearly two percentage points higher than last year. Operating income dollars grew by nearly $2 billion compared with 2022, well-above expectations. The Company's efficiency efforts delivered savings of more than $500 million in 2023.

Which stock is good for next 10 years?

Investing in shares for the long term can offer lucrative opportunities for growth and stability. Companies like L&T, HUL, and Godrej Consumer Products present solid fundamentals.

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Which stocks to buy for next 10 years?

Is Target a better stock than Walmart?

While it's clear that Walmart is a very high quality stock, the overall pick here is Target. With a valuation less than half as rich as Walmart, and a more attractive dividend yield, investors should be willing to bear a little more risk for Target.

Is Walmart or Target a better stock?

Walmart has a TTM P/E ratio of 30.74, meaning its stock price is 30 times its earnings. Target has a P/E ratio of 14.13 over the same period, indicating that the stock market is pricing Walmart stock much higher than Target stock.

What is the long term outlook for Target?

TGT has a Growth Style Score of A, forecasting year-over-year earnings growth of 5% for the current fiscal year. For fiscal 2025, 12 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.25 to $9.39 per share.

Is Target a good stock to buy 2024?

Fair Value Estimate for Target

Our fair value estimate implies a forward 2024 adjusted price/earnings ratio of 15.6 times and enterprise value/adjusted EBITDA of 8.8 times. We expect fiscal 2023 and 2024 to be choppy as economic uncertainty and persistent inflationary headwinds pinch consumer wallets.

Is Target expected to grow?

Target is forecast to grow earnings and revenue by 6.3% and 2.6% per annum respectively. EPS is expected to grow by 7.3% per annum. Return on equity is forecast to be 30.5% in 3 years.

How is Target doing in 2024?

Target introduced its earnings outlook for 2024 of adjusted earnings between $8.60 to $9.60 per share. The midpoint of that range was largely in line with analysts' expectations of $9.14 per share, according to LSEG data.

How high will target stock go?

Based on short-term price targets offered by 28 analysts, the average price target for Target comes to $183.61. The forecasts range from a low of $134.00 to a high of $220.00. The average price target represents an increase of 10.22% from the last closing price of $166.58.

Is Target stock Undervalued?

Over the past 52 weeks, TGT's P/CF has been as high as 13.84 and as low as 7.72, with a median of 10.14. Value investors will likely look at more than just these metrics, but the above data helps show that Target is likely undervalued currently.

What is the future of Target?

We're springing toward our goal of designing all our owned brand products for a circular future by 2040 with Universal Thread and Everspring. Both are slated to hit the milestone in 2025.

Does Target have a lot of debt?

What Is Target's Net Debt? You can click the graphic below for the historical numbers, but it shows that Target had US$12.7b of debt in May 2021, down from US$14.3b, one year before. However, it does have US$7.82b in cash offsetting this, leading to net debt of about US$4.87b.

How much is Target in debt?

Total debt on the balance sheet as of January 2024 : $19.64 B. According to Target's latest financial reports the company's total debt is $19.64 B. A company's total debt is the sum of all current and non-current debts.

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