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TGT
Stock ticker: NYSE
AS OF
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Price
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Capitalization
50.57B

TGT Target Corp Forecast, Technical & Fundamental Analysis

a department and discount store

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for TGT with price predictions
08:00 PM EDT Sep 27, 2023

TGT sees MACD Histogram crosses below signal line

TGT saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 18, 2023. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 41 instances where the indicator turned negative. In of the 41 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on TGT as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where TGT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for TGT entered a downward trend on September 26, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 12 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TGT advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .

TGT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.218) is normal, around the industry mean (12.832). P/E Ratio (15.038) is within average values for comparable stocks, (21.742). Projected Growth (PEG Ratio) (0.991) is also within normal values, averaging (2.010). Dividend Yield (0.040) settles around the average of (0.034) among similar stocks. P/S Ratio (0.469) is also within normal values, averaging (1.154).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. TGT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. TGT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 50, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Walmart (NYSE:WMT), Costco Wholesale Corp (NASDAQ:COST), Target Corp (NYSE:TGT), Dollar Tree (NASDAQ:DLTR), Dollar General Corp (NYSE:DG), Big Lots (NYSE:BIG).

Industry description

Companies in the discount stores industry specialize in offering substantial discounts on a vast array of retail products. Some companies in this industry also operate general merchandise warehouse clubs. Products sold at discount stores are typically similar to those of any department store, but the pricing of the goods is generally much lower (and hence the name “discount”). Think Dollar General Corporation, Dollar Tree, Inc. and Five Below, Inc. Many discount stores target low-income households and/or price-sensitive consumers as their potential market. Discount stores’ profitability could hinge on factors like competitive pricing, sufficient locations, healthy revenue per square foot, and effective advertisement. These store operators could have an edge over other retailers during financial crises or recessions, when many consumers could be looking for less expensive alternatives.

Market Cap

The average market capitalization across the Discount Stores Industry is 62.12B. The market cap for tickers in the group ranges from 1.78K to 437.49B. WMT holds the highest valuation in this group at 437.49B. The lowest valued company is TUEMQ at 1.78K.

High and low price notable news

The average weekly price growth across all stocks in the Discount Stores Industry was -1%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was -2%. BIG experienced the highest price growth at 4%, while WMMVY experienced the biggest fall at -4%.

Volume

The average weekly volume growth across all stocks in the Discount Stores Industry was -7%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was 26%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 56
Price Growth Rating: 52
SMR Rating: 39
Profit Risk Rating: 49
Seasonality Score: -19 (-100 ... +100)
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A.I. Advisor
published Earnings

TGT is expected to report earnings to fall 16.67% to $1.50 per share on November 15

Target Corp TGT Stock Earnings Reports
Q4'23
Est.
$1.50
Q3'23
Beat
by $0.33
Q2'23
Beat
by $0.26
Q1'23
Beat
by $0.49
Q4'22
Missed
by $0.62
The last earnings report on August 16 showed earnings per share of $1.80, beating the estimate of $1.47. With 4.65M shares outstanding, the current market capitalization sits at 50.57B.
A.I.Advisor
published Dividends

TGT paid dividends on September 10, 2023

Target Corp TGT Stock Dividends
А dividend of $1.10 per share was paid with a record date of September 10, 2023, and an ex-dividend date of August 15, 2023. Read more...
A.I. Advisor
published General Information

General Information

a department and discount store

Industry DiscountStores

Profile
Fundamentals
Details
Industry
Specialty Stores
Address
1000 Nicollet Mall
Phone
+1 612 304-6073
Employees
440000
Web
https://corporate.target.com
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TGT and

Correlation & Price change

A.I.dvisor indicates that over the last year, TGT has been loosely correlated with BIG. These tickers have moved in lockstep 48% of the time. This A.I.-generated data suggests there is some statistical probability that if TGT jumps, then BIG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TGT
1D Price
Change %
TGT100%
+0.92%
BIG - TGT
48%
Loosely correlated
+5.58%
OLLI - TGT
44%
Loosely correlated
+1.27%
DLTR - TGT
43%
Loosely correlated
-0.37%
COST - TGT
42%
Loosely correlated
-0.65%
WMT - TGT
38%
Loosely correlated
-1.61%
More

Groups containing TGT

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To TGT
1D Price
Change %
TGT100%
+0.92%
income inequality
(undefined stocks)
68%
Closely correlated
+1.20%
discount stores
(undefined stocks)
67%
Closely correlated
+0.82%
Discount Stores
(undefined stocks)
67%
Closely correlated
+0.26%
Retail Trade
(undefined stocks)
65%
Loosely correlated
+1.10%
supermarket
(undefined stocks)
65%
Loosely correlated
+0.54%
More