TGT · Target Corporation
AI read · Bad for TGT
The AI's read
BofA raised Target's earnings and nudged its price target to $124, yet kept an Underperform and the new PT sits roughly 19% below the stock. That creates a clear ceiling into next-day earnings despite better comps and margin chatter. The stock is near recent highs and RSI is healthy, and the market has ticked up about 1.35% since the note. That small rally doesn't erase the analyst's mismatch between price and target. We lean bearish because the analyst sees downside and Target is still adding roughly $2 billion of spending that could limit multiple expansion if comps cool. Conviction 84%—company-level risk, not macro-driven, so size accordingly.