Target Corporation

NYSE:TGT Stock Report

Market Cap: US$60.7b

Target Valuation

Is TGT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TGT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: TGT ($131.6) is trading below our estimate of fair value ($281.81)

Significantly Below Fair Value: TGT is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TGT?

Key metric: As TGT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for TGT. This is calculated by dividing TGT's market cap by their current earnings.
What is TGT's PE Ratio?
PE Ratio13.8x
EarningsUS$4.37b
Market CapUS$60.69b

Price to Earnings Ratio vs Peers

How does TGT's PE Ratio compare to its peers?

The above table shows the PE ratio for TGT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33x
DG Dollar General
12.5x6.8%US$16.6b
BJ BJ's Wholesale Club Holdings
23.1x7.1%US$12.9b
COST Costco Wholesale
57.5x8.3%US$440.8b
WMT Walmart
39x9.8%US$762.1b
TGT Target
13.8x4.4%US$60.7b

Price-To-Earnings vs Peers: TGT is good value based on its Price-To-Earnings Ratio (13.8x) compared to the peer average (33x).

Price to Earnings Ratio vs Industry

How does TGT's PE Ratio compare vs other companies in the US Consumer Retailing Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No more companies available in this PE range
TGT 13.8xIndustry Avg. 25.3xNo. of Companies5PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TGT is good value based on its Price-To-Earnings Ratio (13.8x) compared to the US Consumer Retailing industry average (25.3x).

Price to Earnings Ratio vs Fair Ratio

What is TGT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TGT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.8x
Fair PE Ratio24.7x

Price-To-Earnings vs Fair Ratio: TGT is good value based on its Price-To-Earnings Ratio (13.8x) compared to the estimated Fair Price-To-Earnings Ratio (24.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TGT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$131.60
US$141.64
+7.6%
11.6%US$170.00US$103.00n/a32
Dec ’25US$132.31
US$141.55
+7.0%
11.6%US$170.00US$103.00n/a32
Nov ’25US$150.84
US$173.94
+15.3%
10.2%US$200.00US$119.00n/a32
Oct ’25US$152.20
US$176.04
+15.7%
10.7%US$210.00US$119.00n/a32
Sep ’25US$153.62
US$176.50
+14.9%
10.8%US$210.00US$119.00n/a31
Aug ’25US$147.02
US$173.82
+18.2%
10.9%US$210.00US$116.00n/a31
Jul ’25US$145.74
US$174.49
+19.7%
11.0%US$210.00US$116.00n/a30
Jun ’25US$156.16
US$176.47
+13.0%
9.1%US$210.00US$136.00n/a29
May ’25US$156.43
US$184.85
+18.2%
9.6%US$220.00US$136.00n/a30
Apr ’25US$177.82
US$184.35
+3.7%
9.1%US$210.00US$136.00n/a30
Mar ’25US$155.29
US$157.69
+1.5%
8.9%US$180.00US$132.00n/a30
Feb ’25US$144.42
US$152.82
+5.8%
10.2%US$180.00US$125.00n/a30
Jan ’25US$142.42
US$150.31
+5.5%
11.0%US$180.00US$116.00n/a31
Dec ’24US$134.78
US$148.99
+10.5%
10.6%US$180.00US$116.00US$132.3131
Nov ’24US$109.54
US$147.95
+35.1%
12.8%US$184.00US$116.00US$150.8431
Oct ’24US$110.57
US$148.22
+34.1%
11.3%US$184.00US$120.00US$152.2030
Sep ’24US$125.52
US$149.29
+18.9%
11.3%US$184.00US$120.00US$153.6230
Aug ’24US$132.99
US$168.66
+26.8%
12.1%US$220.00US$130.00US$147.0230
Jul ’24US$131.90
US$172.70
+30.9%
11.7%US$220.00US$130.00US$145.7431
Jun ’24US$131.16
US$178.03
+35.7%
9.6%US$220.00US$144.00US$156.1632
May ’24US$157.12
US$182.53
+16.2%
9.3%US$220.00US$155.00US$156.4332
Apr ’24US$165.63
US$183.22
+10.6%
9.2%US$220.00US$155.00US$177.8232
Mar ’24US$162.40
US$182.72
+12.5%
9.5%US$220.00US$155.00US$155.2932
Feb ’24US$177.08
US$178.43
+0.8%
10.6%US$215.00US$142.00US$144.4231
Jan ’24US$149.04
US$177.93
+19.4%
10.2%US$215.00US$144.00US$142.4230
Dec ’23US$165.03
US$178.55
+8.2%
10.2%US$215.00US$144.00US$134.7829

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/17 22:35
End of Day Share Price 2024/12/17 00:00
Earnings2024/11/02
Annual Earnings2024/02/03

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Target Corporation is covered by 69 analysts. 32 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Christopher GrajaArgus Research Company
Peter BenedictBaird
Ishan MajumdarBaptista Research