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The Potential Upside in TGT, COST, and WMT Stocks

Amit Singh - Author
By

Nov. 26 2018, Updated 12:30 p.m. ET

Wall Street sees 25.4% upside in TGT stock

Analysts have a consensus target price of $84.47 per share on Target (TGT) stock, which indicates a potential upside of 25.4%, based on its closing price of $67.35 on November 23. Target is among the best-performing retail companies in 2018. Moreover, analysts expect Target to generate a strong comps and earnings growth rate during the fourth quarter of the fiscal year. The recent correction in TGT’s stock price and a 3.2% dividend yield make it an attractive bet in the retail sector. However, margin headwinds could detract.

Among the 26 analysts covering TGT stock, 16 suggest a “hold,” nine analysts recommend a “buy,” and one analyst has a “sell” rating.

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What analysts expect for WMT

Analysts have a target price of $107 per share on Walmart (WMT) stock, which indicates an upside of 12.55, based on its closing price of $95.10 on November 23. Walmart has managed to accelerate its digital sales growth rate in rate in the first three quarters of fiscal 2019. Also, Walmart’s US comps growth rate impressed. However, weak margins and competition are keeping analysts on the sidelines.

Among the 32 analysts covering WMT stock, 18 recommend a “hold” and 14 suggest a “buy.”

Analysts have a “buy” rating on Costco

Costco (COST) reported stellar sales and earnings growth so far in 2018. Analysts expect the company to sustain the momentum in fiscal 2019. Though Costco’s sales and earnings are expected to grow at a healthy pace, the rate could slow, owing to tough comparisons.

Wall Street has a target price of $244.61 per share on COST, which implies an upside of 11.2%, based on its closing price of $220.06 on November 23. Of the 28 analysts covering Costco stock, 18 recommend a “buy” and ten analysts have a “hold” rating.

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