Target Price Rises to $148; Analysts Forecast $24.28B Q1 Revenue
TGT•Telsey Advisory raised its price target for Target to $148 from $145 while maintaining an Outperform rating, reflecting confidence ahead of Q1 results. Analysts forecast Q1 earnings of $1.35 on $24.28 billion revenues despite a 0.3% consensus revision, and technical charts show a hammer pattern with market cap at $55.18 billion.
1. Analyst Update: Price Target Raised
On May 15, Telsey Advisory lifted its price target for Target to $148 from $145 and upheld an Outperform rating, signaling strong confidence in the retailer’s near-term prospects as it approaches its Q1 earnings report.
2. Q1 Earnings and Revenue Outlook
Wall Street analysts anticipate Q1 earnings of $1.35 per share, up 3.9% year-over-year, on revenues of $24.28 billion, representing a 1.8% increase despite a 0.3% downward revision in consensus estimates over the past month.
3. Technical Indicators and Market Position
Technical analysis highlights a hammer pattern in Target’s stock chart, suggesting a potential reversal of recent declines; shares trade within a 52-week range of $83.44 to $133.10 and carry a market capitalization of $55.18 billion.
