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Analysts Expect Target’s Earnings to Fall in 3Q17

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Part 5
Analysts Expect Target’s Earnings to Fall in 3Q17 PART 5 OF 5

Target: Analysts’ Suggestions for the Stock before 3Q17

Most analysts suggest a “hold”

Most of the analysts providing recommendations on Target (TGT) maintained a neutral outlook on the stock. The company’s sales are projected to grow in upcoming quarters. Continued investments in growth initiatives including value pricing, opening small-format stores, store remodeling, and expanding fast-growing exclusive brands are projected to drive its top-line growth. Target’s digital initiatives like expanding the restock program to new markets and the same-day delivery process should bode well with customers’ changing preferences.

Target’s earnings will likely remain pressured in the near term, which is keeping analysts on the sidelines. Target’s investment in price, higher fulfillment costs, and increased competition from Amazon (AMZN) are expected to hurt the company’s margins and its profitability.

Target: Analysts&#8217; Suggestions for the Stock before 3Q17

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Recommendation summary

About 70.0% of the analysts covering Target stock recommended a “hold,” 15.0% recommended a “buy,” and 15.0% recommended a “sell.” Analysts suggest a target price of $60.35 on Target stock, which reflects potential upside of 4.2% to its closing price of $57.89 on November 7, 2017.

For Walmart (WMT) stock, 47.0% of the analysts recommended a “buy,” 47.0% recommended a “hold,” and 6.0% recommended a “sell.” Most of the analysts remained positive on Costco (COST) stock due to its industry-leading comps growth amid challenges.

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