Target cuts annual forecasts as tariff pressure mounts, demand slows further

BofA Securities Downgrades Target (TGT) to Neutral, 'Sales and margin recovery remains a moving TGT'

May 21, 2025 4:41 PM EDT

(Updated - May 21, 2025 4:42 PM EDT)

BofA Securities analyst Robert Ohmes downgraded Target (NYSE: TGT) from Buy to Neutral with a price target of $105.00 (from $145.00).

The analyst comments "We downgrade TGT to Neutral (from Buy) and lower our PO to $105... More

Telsey Downgrades Target (TGT) to Market Perform, 'Not Hitting the Target in 1Q25 and 2025'

May 21, 2025 4:28 PM EDT

Telsey analyst Joseph Feldman downgraded Target (NYSE: TGT) from Outperform to Market Perform with a price target of $110.00 (from $130.00).

The analyst comments "Downgrading TGT to Market Perform from Outperform: We are downgrading shares of TGT to Market Perform to reflect the continued challenging macro environment,... More

Target (TGT) PT Lowered to $105 at TD Cowen: 'Near-Term Trends Likely Continue into 2Q', 'FY25 Op Margin Lacks Gross Margin Catalysts'

May 21, 2025 4:07 PM EDT

TD Cowen analyst Oliver Chen lowered the price target on Target (NYSE: TGT) to $105.00 (from $110.00) while maintaining a Hold rating.

The analyst comments "Near-Term Trends Likely Continue into 2Q. TGT cited five months of declining consumer confidence, tariff uncertainty, and boycott reaction to the company's DEI changes announced in January as key downside drivers in 1Q's (3.8%) comp with... More

BNP Paribas Negative on Target (TGT), 'Losing stride, unclear how they turn the tide'

May 21, 2025 4:02 PM EDT

BNP Paribas Negative on Target (NYSE: TGT)

'Losing stride, unclear how they turn the tide'... More

Evercore ISI on In Line rated Target (TGT): 'EBIT margin at 3.7% compared to 5.3% last year. The Street expected 4.6% margin'

May 21, 2025 8:43 AM EDT

Evercore ISI analyst Greg Melich reiterated an In Line rating and $100.00 price target on Target (NYSE: TGT).

The analyst comments "1Q25 Commentary: With comps of -3.8% below EVR/Street -2%, and gross margin down 70bps YoY the 1Q miss was driven by softer topline and lower gross margin. Revenue dollars at $23.8bn down 2.8% YoY missed the Streets outlook of $24.22bn (-1.2% YoY) missed the Street by... More

Bernstein SocGen Group Reiterates Underperform Rating on Target (TGT), PT $82

May 21, 2025 8:12 AM EDT

Bernstein SocGen Group analyst Zhihan Ma reiterated an Underperform rating and $82.00 price target on Target (NYSE: TGT)

The analyst comments "While the Q1 miss and lowering of guidance have been largely priced in, we see further downside long-term as Target faces a... More