Target stock: buy or sell
Updated on:
Jan 25th, 2021
2
Target stock brief
- Counting last Friday, it's been 3 consecutive sessions in green for Target. Price closed last Friday at $191.91 after slightly changing a 0.33%.
- From the chart point view, price is drawing a scaled uptrend since April 2020 with higher tops and higher bottoms. This rally marked a 115.90% gain
- Morgan Stanley published a neutral rating for Target last Wednesday, with a target of $195.00
- Target Corporation operates as a general merchandise retailer in the United States.
Should I buy Target stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $TGT stock a buy?
In the current situation of Target there is not any eligible buy setup. This doesn't mean $TGT will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Target stock?
"To sell or not to sell", if you are holding Target stock?. Trading strategies allow us to avoid rash decisions based on our personal moods or the buzz that surrounds the market. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups are not intended for selling short Target stock
A guiding principle is that you must never keep a trade that leads to losses greater than those expected upon purchase. The moment to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Target stock?
In the current situation of Target there is not any eligible sell setup, so Target stock holders with operations in profit can keep their positions
Target ratings
In the last 30 days, 4 brokerage ratings were published for Target. General sentiment is bullish, with 3 out of 4 publishing positive forecasts
| Brokerage firm | Rating |
|---|---|
| Jan 14th, 2021 | |
| Cowen | Buy |
| Deutsche Bank Aktiengesellschaft | |
| Telsey Advisory Group | Buy |
| Jan 20th, 2021 | |
| Morgan Stanley | |
Target stock analysis
Since in April 2020, Target has been printing an uptrend that by now marked a gorgeous 115.90%. The price action shows higher highs and higher troughs, and along the way provided some entry points for those who wanted to enter. Latest pullback was in mid-December, when price bounced at $168.94. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $199.96 and $168.94
SMAs overview
Supports and resistances
The current resistances are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band on January 12, the price has been corrected downwards by 3.70%
Relative strength index
The RSI dropped below the overbought level of 70 last Tuesday after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 62.31. Since then, Target stock inched down a 1.48%
Target stock price history
Target started trading priced at an adjusted price1 of $0.00 on Feb 1973. Since then, TGT stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on Feb 1973 would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Target stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
The following table shows the price predictions released by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for small traders and should not be followed blindly.
Averaging all price targets exposed below, the predicted price for Target stock is $215.25. Target closed at $191.91 last Friday, that is a 10.84% than the forecasted price.
| Brokerage firm | Price target |
|---|---|
| Jan 14th, 2021 | |
| Cowen | $190.00 → $230.00 |
| Deutsche Bank Aktiengesellschaft | $194.00 → $211.00 |
| Telsey Advisory Group | $190.00 → $225.00 |
| Jan 20th, 2021 | |
| Morgan Stanley | $180.00 → $195.00 |
Earnings and financials
Last November, Target ($TGT) hosted the earnings call and released the report. Target presented earnings of $2.79 per share on revenue of $22.6 billion. The consensus earnings estimate was $1.60 per share on revenue of $20.9 billion.
This compares to Earnings of $1.36 per share same quarter last year, so current EPS is a gain of 105.15%. Sales skyrocketed a 21.25% on an annualized basis in the , from $186.7B to $226.3B last quarter.Target ($TGT) will host the Q4 earnings call next March. Estimated for this quarter is $2.45, compared to $2.79 that was reported for Q3.
Target performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Target ($TGT) | 11.30% | 18.20% | 58.00% |
Important:
The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this report does not have any knowledge of the specific situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for education purposes onlyTarget summary
| Friday, January 22nd, 2021 | |
|---|---|
| Open | $190.9 |
| Close | $191.91 |
| Day range | $189.48 - $192.38 |
| Previous close | $191.27 |
| Session gain | 0.33% |
| Average true range | $7.05 |
| 50d mov avg | $177.03 |
| 100d mov avg | $165.92 |
| 200d mov avg | $143.20 |
| Earnings date | March 2nd, 2021 |