Target: Analyst Consensus First Quarter Estimates

Target Corporation (NYSE: TGT) will be reporting their first-quarter financial results May 19th before market open. Analysts have a consensus $217.96 12-month price target on the company, via a total of 29 analysts, with nine analysts having strong buy ratings, 13 analysts having buy ratings, and seven have hold ratings. The street high comes is a $260 price target, and the lowest target sits at $151.

16 analysts have revenue estimates for the first quarter. The mean revenue estimate between all 16 analysts is $21.8 billion; this number has been revised upwards slightly from $20.32 million at the start of the year. The highest revenue estimate is $23.5 billion, while the lowest is $19.34 billion.

The analyst consensus for net income for the first quarter is $1.06 billion, this is up from the start of the year at $888.9 million. The highest net income estimate is $1.34 billion, while the lowest is $818.3 million.

Onto EBITDA estimates, there are currently 15 analysts who have first-quarter EBITDA estimates. The mean is currently $2.15 billion, with this number having been revised higher from $1.90 billion at the start of the year. The street high estimate currently sits at $2.48 billion in EBITDA and the lowest is $1.8 billion.

Analysts estimate that quarterly earnings per share will come in at $2.17, with this number being higher from $1.89 at the start of the year. The street high is $2.67 and the lowest estimate is $1.63 per share for the quarter.

Information for this briefing was found via Sedar and Refinitiv. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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