Wells Fargo (NYSE:WFC) analyst Edward Kelly maintained a Buy rating on Target on Monday, setting a price target of $275, which is approximately 19.66% above the present share price of $229.82.
Kelly expects Target to post earnings per share (EPS) of $3.68 for the fourth quarter of 2021.
The current consensus among 19 TipRanks analysts is for a Strong Buy rating of shares in Target, with an average price target of $283.78.
The analysts price targets range from a high of $320 to a low of $248.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $25.16 billion and a net profit of $2.47 billion. The company's market cap is $112.16 billion.
According to TipRanks.com, Wells Fargo analyst Edward Kelly is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.0% and a 62.63% success rate.
Founded in 1902, Target Corp. (NYSE:TGT) is a Minnesota-based general merchandise retailer and has stores in all 50 U.S. states and the District of Columbia. Its stores offer curated general merchandise and food assortments including perishables, dry grocery, dairy, and frozen items.