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NYSE: TGT

How to Buy Target Stock

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Target Corp

Target is a discount store company located in Minnesota, United States, which is part of the Consumer Defensive sector, and is traded under the ticker TGT on the NYSE exchange.

Target stock last closed at $156.41, down 0.35% from the previous day, and has decreased 31.27% in one year. It has underperformed other stocks in the Discount Stores industry by 0.32 percentage points. Target stock is currently +14.03% from its 52-week low of $137.16, and -41.85% from its 52-week high of $268.98.

At the moment, there are 460.26M shares of TGT outstanding. The market cap of TGT is $71.99B. In the past 24 hours, 2.49M TGT shares were traded.

How to Buy Target Stock

Wondering how to invest in Target stock? Here's how.
  1. Decide where to buy Target stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Target stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected. It's the best place to buy TGT stock.
  3. Fund your brokerage account: Select your method of payment and add your info.
  4. Evaluate Target stock: The Target ticker symbol is TGT. Is Target stock a good investment? Should you buy shares of TGT? How do TGT's underlying business fundamentals look? Do top analysts think Target is a good buy? Why has TGT's stock price moved recently? (Hint: Our stock market research website can help you decide if TGT is a good stock to buy).
  5. Make your TGT buy order: Decide if you will purchase TGT shares at the current market price or use a limit order to purchase TGT shares at a given price.
  6. Get the latest news on your TGT investment: Create a watchlist to keep track of your position in Target shares.

Step 1: Decide where to buy Target stock

You need an online brokerage account in order to access the NYSE market and buy TGT shares.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Get $10 towards your your purchase of TGT stock by creating an account with eToro today.

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Step 2: Sign up for a brokerage account

Now that you've chosen you'll need brokerage, picked to fill out some personal details so you are able to invest in TGT stock today.

How to Create a New Brokerage Account on eToro

  1. Click here to get started.
  2. Enter your personal info to create a new brokerage account.
  1. Send your details by hitting the "Create Account" button.
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Step 3: Fund your brokerage account

Check out this video walkthrough for more details transferring funds into your new brokerage account.

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Step 4: Evaluate Target stock

It's critical to evaluate stocks before you buy, so you actually comprehend the risk and upside.

Overview of key TGT info

TGT Price
$156.41
1w %
0.35%
1y %
-31.27%
5y %
167.92%
P/E
17.57x
P/B
6.8x
P/S
0.67x
PEG
1x
Revenue
$107.86B
Earnings
$4.22B
Fore. Rev. Growth
2.95%
Fore. Earn. Growth
17.59%
Market Cap
$71.99B
Next Earnings
Nov 15, 2022
Next Dividend
Dec 10, 2022

TGT Zen Score

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on TGT's stock page.

Is TGT stock overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge TGT's true value.

Using relative valuations ratios:

  • TGT could be undervalued based on its P/E ratio of 17.57x, relative to Discount Stores industry P/E ratio of 27.93x
  • TGT may be overvalued based on its P/B ratio of 6.8x, relative to Discount Stores industry P/B ratio of 5.87x
  • TGT may be undervalued based on its PEG ratio of 1x

You can access additional valuation analysis on TGT's stock here.

TGT Financial Health

Passed Financial Due Diligence Checks:

  • TGT's operating cash flow of $5.16B allows it to safely service it's debt of $17.65B.
  • TGT earnings of $5.83B is not sufficient to cover its interest payments.

Failed Financial Due Diligence Checks:

  • TGT profit margin has gone down from 6.3% to 3.9% in the past year.
  • TGT has a relatively high debt to equity ratio of 3.95.
  • There are more long-term liabilities than short-term assets on the TGT balance sheet.
  • There are more short-term liabilities than short-term assets on the TGT balance sheet.
  • Total TGT debt is higher than 5 years ago, relative to shareholder equity.

Is TGT stock a Buy, Hold, or Sell?

Out of 26 Equities analysts who give recommendations on TGT, the consensus analyst rating on Target is a Buy

Should I buy or sell TGT stock?

Based on 26 analysts offering ratings for Target Corp.
Buy
Strong Buy
12 analysts 46.15%
Buy
7 analysts 26.92%
Hold
7 analysts 26.92%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Latest TGT Analyst Ratings

Bradley Thomas, a top 13% analyst from KeyBanc initiates coverage on TGT with a strong buy rating and announces their TGT price target of $200.00, on Sep 14, 2022.

Thomas initiated his coverage on Target Corporation with a Strong Buy rating and a $200 price target.

His rating is "buttressed by an outlook for defensive growth, market share gains, and margin recovery to normal levels," the analyst told investors.

Walmart and Target "over-earned" during the pandemic and their "grossly inaccurate inventory positioning" is now resulting in "under-earning," Thomas said, noting that the companies' normalizing margins "are positives for patient investors."

Walmart and Target are better positioned competitively than they have been for a decade, the analyst argued.

The pandemic catalyzed e-commerce, Thomas explained, where the companies excel.*

* From here: "With 75% of the U.S. population living within 10 miles of a Target store, Target is able to leverage its store network to provide a desired service in a way that Amazon can’t.

"For example, Target provides a Drive Up service which allows customers to pull into a Target parking lot at nearly 2,000 stores one to two hours after making an online purchase and have Target employees bring their purchase directly to their car. This service has grown quickly with drive up sales up more than 70% in 2021 on top of 600% growth in 2020.

"Target’s success with pickup demonstrates how much people like picking up their e-commerce orders. Having more customers pick up their purchases also works in Target’s favour since Target does not have to pay for delivery costs."

And with respect to Walmart, from here: "Walmart’s strength in eCommerce can be seen in its results. Walmart’s e-commerce sales were up 79% in 2020 and 1% in 2021 on the back of strong growth in the prior year.

"Walmart is now the second largest e-commerce retailer in the U.S. with e-commerce making up around 13% of its sales.

"While Walmart trails Amazon by a wide margin in online sales Walmart is gaining ground."

Krisztina Katai, a top 36% analyst from Deutsche Bank maintains TGT with a strong buy rating and lowers their TGT price target from $195.00 to $193.00, on Aug 18, 2022.

Scot Ciccarelli, a top 4% analyst from Truist Securities maintains TGT with a hold rating and raises their TGT price target from $150.00 to $165.00, on Aug 18, 2022.

Mark Astrachan, a top 7% analyst from Stifel Nicolaus maintains TGT with a hold rating and raises their TGT price target from $185.00 to $195.00, on Aug 18, 2022.

Kate McShane, a bottom 6% analyst from Goldman Sachs maintains TGT with a strong buy rating and raises their TGT price target from $155.00 to $205.00, on Aug 18, 2022.

You can dig deeper into what analysts are projecting on the Target stock forecast page.

TGT Technicals

SMA10
152.4
SMA20
159.4
SMA50
163.33
SMA100
159.21
SMA200
190.15
MACD
-3.1
MACD Signal
-2.94
MACD Histogram
-0.16
RSI
47.29
Stochastic %K
43.25
Stochastic %D
30.11
StochRSI %K
82.07
StochRSI %D
59.9

TGT Revenue

Last year, TGT earnings were $4.22B. In the last five year, TGT's earnings have increased by 12.4% per year. This was faster than the Discount Stores industry average of 10.05%.

Last year, TGT revenue was $107.86B. In the past five year, TGT's revenue has increased by 8.79% per year. This was faster than the Discount Stores industry average of 7.12%.

Dive into TGT's earnings and revenue performance here.

Latest Insiders Trades at TGT

Over the past year, executives and large shareholders at TGT have sold more shares than they have bought.

John J. Mulligan, Executive Officer of TGT, was the latest TGT insider to sell. They sold $16,853.00 worth of TGT shares on Sep 14, 2022.

Dig into more about who owns TGT stock here.

Does TGT stock generate passive income?

Target pays a dividend of 3.11%, compared to the Discount Stores industry's average dividend yield of 2.42%. If you owned $1,000 of TGT stock, you would have received $31.07 in the past year.

Target dividend payments have consistently grown over the past decade and have remained stable.

Dig into more data about Target dividend yield and history here.

What do other investors have to say about TGT?

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Make your TGT buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, use a limit order.

Hit the Open Trade button and eToro will execute your order.

If you require more help investing in stocks on eToro, watch the how to video below:

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Step 6: Get the latest news on your TGT investment

Now that you own some TGT shares, you'll want to keep up with your investment.

Put TGT on a watchlist to monitor your TGT stock.

TGT Feed

How to Buy Stock in Target

To reiterate, here are the 6 steps you need to take to buy Target stock right now:

  1. Decide where to buy Target stock
  2. Sign up for a brokerage account
  3. Fund your brokerage account
  4. Evaluate Target stock
  5. Make your TGT buy order
  6. Get the latest news on your TGT investment

If you require a brokerage account, eToro is our recommended option.

Get Started with eToro Today

If you want to get the latest news on your new investment in Target, create your watchlist below.

NYSE: TGT
$156.41-0.55 (-0.35%)
Updated Oct 5, 2022
Open eToro Account
NYSE: TGT
$156.41-0.55 (-0.35%)
Updated Oct 5, 2022
Open eToro Account

FAQ

How much does it cost to buy one Target share?

As of Oct 5, 2022, it costs $156.41 to buy one share of Target stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.639 shares of TGT.

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Is now a good time to buy Target stock?

According to 26 Wall Street analysts who monitor Target, their consensus recommendation is to buy Target stock.

What is the best way to buy Target stock?

The best way to buy Target stock is within a brokerage account on eToro.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.