Target Corporation (TGT) Trades at $76.79 Forming Double Top Pattern

June 29, 2018 - By Kevin Carney

Target Corporation (NYSE:TGT) Corporate Logo

Target Corporation (TGT) chart forms a double top technical setup with $82.93 price target. That’s 8.00 % above today’s $76.79 stock price. The technical setup points out low risk. The double top technical setup was posted on Jun, 29 by Finviz.com. $3.28B more could be TGT valuation at $82.93 share price.

TGT is touching $76.79 during the last trading session, after increased 1.57%.Target Corporation has volume of 1.24 million shares. Since June 29, 2017 TGT has risen 31.38% and is uptrending. TGT outperformed the S&P 500 by 18.81%.

Investors expect Target Corporation (NYSE:TGT)’s quarterly earnings on August, 15., Faxor reports. EPS of $1.39 is 13.01 % up from 2017’s $1.23 EPS. If TGT’s EPS is $1.39 the profit will reach $741.05M for 13.81 P/E. After $1.32 EPS was revealed previous quarter, analysts now see EPS growth of 5.30 % for Target Corporation.

Target Corporation (NYSE:TGT) Ratings Coverage

In total 13 analysts cover Target (NYSE:TGT). “Buy” rating has 6, “Sell” are 1, while 6 are “Hold”. 46% are bullish. With $95.0 highest and $64.0 lowest target price Target has $77.82 average target price or 1.34% above the current ($76.79) price. 20 are the (NYSE:TGT)’s analyst reports since January 2, 2018 according to StockzIntelligence Inc. On Friday, February 16 the firm has “Buy” rating given by Susquehanna. In Friday, January 5 report Barclays Capital upgraded the stock to “Hold” rating. On Tuesday, January 9 the firm has “Hold” rating by Jefferies given. On Thursday, February 8 the stock of Target Corporation (NYSE:TGT) earned “Hold” rating by Cowen & Co. On Monday, March 5 the stock of Target Corporation (NYSE:TGT) earned “Buy” rating by Susquehanna. On Wednesday, February 14 the company was upgraded by Robert W. Baird. The stock rating was upgraded by Susquehanna to “Positive” on Wednesday, January 10. In Monday, March 5 report Credit Suisse initiated it with “Buy” rating and $86.0 target. On Tuesday, January 9 the firm has “Hold” rating given by Robert W. Baird. On Monday, April 2 the stock has “Buy” rating by Tigress Financial.

For more Target Corporation (NYSE:TGT) news posted recently go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Streetinsider.com. The titles are as follows: “Expected Dividend Increases In July 2018” posted on June 29, 2018, “Target continues to break out” on June 05, 2018, “McKesson: Market Overreaction” with a publish date: June 29, 2018, “At What Point Do I Sell Target?” and the last “BofA/Merrill Lynch Has Higher Level of Confidence in Target (TGT) Following Meetings” with publication date: June 27, 2018.

Target Corporation (NYSE:TGT) Analyst Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: