Analyst Ratings Change
J.P. Morgan Chase & Co. (Rank#4) recently downgraded Target Inc. (TGT) to a “Neutral” rating from Overweight, and cut the target from $175 to a new target price of USD 144. This downgrade indicates a less favorable outlook for the company’s stock and suggests that J.P. Morgan Chase & Co. expects a decline in Target’s share price in the near term.
Target Stock Valuation Drop
The “Pride backlash” is likley responsible for JP Morgan’s downgraded of Target.
The ongoing decline in Target’s shares and the substantial reduction in market capitalization indicate that investor sentiment may have been negatively affected by this perceived backlash. Market participants may be concerned about potential impacts on Target’s financial performance, customer base, or brand reputation. Such concerns can lead to selling pressure on the stock, resulting in the sustained decline.
Investors and market observers should closely monitor developments, including any official statements or actions taken by Target Corporation, as well as the broader market sentiment regarding the Pride controversy. This ongoing situation emphasizes the importance of comprehensive analysis and the consideration of multiple factors when making investment decisions, including corporate political policies and any possible reaction due to the political stance which could create a environment of these type of controversies.
TGT Stock Forecast & Analysis
According to the analysis of 26 analysts, the average target price for Target Corporation over the next 12 months is USD 175.67. This indicates the average analyst expectation for the stock’s potential price appreciation during that period. The “Buy” average analyst rating reflects the overall positive sentiment among analysts regarding Target Corporation, suggesting that they recommend purchasing the stock.
Stock Target Advisor’s analysis is based on 6 positive signals and 8 negative signals, indicating a more cautious stance. These signals might be derived from various technical or fundamental factors, such as price patterns, financial metrics, or market sentiment indicators.
As of the last closing, Target Corporation’s stock price was USD 130.93. The stock has experienced a decline of -8.50% over the past week, -16.67% over the past month, and -19.12% over the last year. These figures highlight the volatility and downward trend the stock has exhibited in recent periods, which might align with the slightly bearish analysis from Stock Target Advisor.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
