Target Corporation (TGT) With $76.79 Price Forms Bullish Double Top Pattern

June 29, 2018 - By Nellie Deboer

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.

Ticker’s shares touched $76.79 during the last trading session after 1.57% change.Currently Target Corporation is uptrending after 31.38% change in last June 29, 2017. TGT has 1.24M shares volume. The stock outperformed the S&P500 by 18.81%.

Earnings report for Target Corporation (NYSE:TGT) is awaited on August, 15., as reported by RTT. Analysts have expectation on stock’s EPS of $1.39. That’s up 13.01 % from last year’s $1.23 EPS. If $1.39 is reported, TGT’s profit will hit $741.05M for 13.81 P/E. Wall Street forecasts 5.30 % EPS growth as of August, 15.

Target Corporation (NYSE:TGT) Ratings Coverage

Total analysts of 13 have positions in Target (NYSE:TGT) as follows: 6 rated it a “Buy”, 1 with “Sell” and 6 with “Hold”. The positive are 46%. The firm has $95.0 highest while $64.0 is the lowest PT. The average target $77.82 is 1.34% above the last ($76.79) price. Since January 2, 2018 according to StockzIntelligence Inc Target has 20 analyst reports. In Thursday, February 8 report Cowen & Co maintained it with “Hold” rating and $80.0 target. On Monday, June 4 the firm has “Buy” rating given by Robert W. Baird. In Tuesday, January 9 report Bank of America maintained the stock with “Buy” rating. On Wednesday, February 14 the firm has “Outperform” rating given by Robert W. Baird. On Friday, February 16 the stock of Target Corporation (NYSE:TGT) earned “Buy” rating by Susquehanna. On Friday, January 5 the rating was upgraded by Barclays Capital to “Hold”. In Tuesday, January 2 report Robert W. Baird maintained it with “Hold” rating and $70.0 target. The company rating was maintained by BMO Capital Markets on Tuesday, January 9. On Wednesday, January 10 the stock of Target Corporation (NYSE:TGT) earned “Positive” rating by Susquehanna. The stock rating was maintained by M Partners with “Buy” on Tuesday, June 5.

For more Target Corporation (NYSE:TGT) news announced briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Target: Don’t Say I Didn’t Warn You” announced on June 27, 2018, “Expected Dividend Increases In July 2018” on June 29, 2018, “At What Point Do I Sell Target?” with a publish date: June 14, 2018, “Target continues to break out” and the last “McKesson: Market Overreaction” with publication date: June 29, 2018.

Target Corporation (NYSE:TGT) Analyst Ratings Chart

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