Target (TGT) Stock: $300 Price Target And Buy Rating

Apr 11th, 2022 20:11 EST
  • The shares of Target Corporation (NYSE: TGT) have received a $300 price target from Gordon Haskett. These are the details.

The shares of Target Corporation (NYSE: TGT) have received a $300 price target from Gordon Haskett. And Gordon Haskett analyst Chuck Grom upgraded Target to a “Buy” rating from a “Hold” rating while increasing the price target from $255.

Grom noted that the traffic trends in February and March have been remarkably consistent at Target. And with a later Spring/Easter shift still on the come, these trends could inflect higher in the coming weeks. 

Plus Grom expects multiple appreciation for the shares as the market gains more confidence with the Target model in a post-COVID world. And Grom believes the sentiment is too negative on Target. 

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

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