Target (TGT) Stock: $294 Price Target And Buy Rating

By Amit Chowdhry ● May 16, 2022
  • The shares of Target (NYSE: TGT) have received a $294 price target from Deutsche Bank. These are the details.

The shares of Target (NYSE: TGT) have received a $294 price target from Deutsche Bank. And Deutsche Bank analyst Krisztina Katai is maintaining a “Buy” rating on the shares.

Katai adjusted the rating on Target going into the earnings. And Katai called Target a top pick as a defensive play. Plus Katai noted that concerns around the U.S. consumer – especially the lower-end – have been heightened significantly as recessionary fears rule the day. 

The solid underlying fundamentals observed in the first quarter could mean nothing as long as fears around a slowing consumer prevail.

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