In a report released yesterday, Robert Drbul from Guggenheim maintained a Buy rating on Target (TGT – Research Report), with a price target of $295.00. The company’s shares closed last Wednesday at $224.90.
According to TipRanks.com, Drbul is a 5-star analyst with an average return of 10.8% and a 63.7% success rate. Drbul covers the Consumer Goods sector, focusing on stocks such as National Vision Holdings, Lululemon Athletica, and Burlington Stores.
Currently, the analyst consensus on Target is a Moderate Buy with an average price target of $271.56, implying a 22.3% upside from current levels. In a report issued on March 1, Robert W. Baird also maintained a Buy rating on the stock with a $275.00 price target.
Target’s market cap is currently $107.8B and has a P/E ratio of 15.99.
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Founded in 1902, Target Corp. is a Minnesota-based general merchandise retailer and has stores in all 50 U.S. states and the District of Columbia. Its stores offer curated general merchandise and food assortments including perishables, dry grocery, dairy, and frozen items.
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