Target stock: buy or sell
Updated on:
Apr 22nd, 2021
2
Target stock brief
- Target scarcely changed a -0.24% after hitting all-time highs last Monday
- 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?
Currently, Target stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $TGT in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Target stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our emotions or the buzz that surrounds the market. When selling, as well as buying, our strategies are very simple to use but are only applicable for selling stocks you already own, not for selling short Target stock
As a golden rule, you should not mantain an open trade that yields losses greater than those expected by the time of purchase. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Target stock?
Currently, Target stock doesn't match any of our preferred sell setups, so if you hold Target stock and your operation is in profit probably is not time to sell now
Target ratings
In the last month, just one analyst rating was published for Target
| Brokerage firm | Rating |
|---|---|
| Mar 30th, 2021 | |
| Stifel Nicolaus | |
Target stock analysis
Since the price bottomed at $166.83 in early March, the stock gained by 23.94%.
$TGT at Highs
Target did it again, and reached new all-time highs (ATH) last Monday at $210.86
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Bollinger bands
The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on Tuesday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Wednesday was 67.27
Target stock price history
Target started trading on Feb 21st, 1973 at $0.00 per share1. Since then, TGT stock has risen by -, with an average of 0.00% per year. An investment of $1,000USD on the IPO would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Target stock
Nobody can predict how much a stock will be priced tomorrow. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions publish their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new financial data by the company, and many times. Again, these estimates are not direct recommendations for individual traders and should not be trusted blindly.
There is just one price target available for Target that predicts a price of $230.00.
| Brokerage firm | Price target |
|---|---|
| Mar 30th, 2021 | |
| Stifel Nicolaus | $220.00 → $230.00 |
Earnings and financials
Target Corporation ($TGT) reported earnings of $2.67 per share in early March, slightly improving the analysts consensus estimate of $2.54 per share. This Q4 report means an earnings surprise of 5.12%. On the contrary, reported sales were $28.3 billion, aligned with the market estimates.
This compares to Earnings of $1.69 per share same quarter last year, so current EPS means an increase of 57.99%. Looking at revenues, figures exploded a 21.11% compared to $234.0B same quarter a year ago.Target ($TGT) posts quarterly earnings report mid next May. Market analysts analysts estimate of $2.07, that is a 22.47% less than Q4.
Target performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Target ($TGT) | 10.10% | 9.20% | 26.30% |
Important:
The thoughts contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for general educational motives onlyTarget summary
| Wednesday, April 21st, 2021 | |
|---|---|
| Open | $207.24 |
| Close | $206.77 |
| Day range | $206.3 - $208.41 |
| Previous close | $207.27 |
| Session gain | -0.24% |
| Average true range | $3.81 |
| 50d mov avg | $191.09 |
| 100d mov avg | $185.99 |
| 200d mov avg | $165.95 |
| Earnings date | May 19th, 2021 |