Target Stock Chance of Future Stock Price Finishing Over 64.9

TGT Stock  USD 174.67  2.03  1.18%   
Target's implied volatility is one of the determining factors in the pricing options written on Target. Implied volatility approximates the future value of Target based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in Target over a specific time period. For example, 2024-03-28 CALL at $175.0 is a CALL option contract on Target's common stock with a strick price of 175.0 expiring on 2024-03-28. The contract was last traded on 2024-03-27 at 15:59:54 for $0.62 and, as of today, has 0 days remaining before the expiration. The option is currently trading at a bid price of $0.61, and an ask price of $0.68. The implied volatility as of the 28th of March is 21.19. View All Target options

Closest to current price Target long CALL Option Payoff at Expiration

Target's future price is the expected price of Target instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of Target performance during a given time horizon utilizing its historical volatility. Check out Target Backtesting, Target Valuation, Target Correlation, Target Hype Analysis, Target Volatility, Target History as well as Target Performance.
For more information on how to buy Target Stock please use our How to Invest in Target guide.
  
At this time, Target's Price To Sales Ratio is comparatively stable compared to the past year. Price To Operating Cash Flows Ratio is likely to gain to 10.52 in 2024, whereas Price Earnings To Growth Ratio is likely to drop 0.16 in 2024. Please specify Target's target price for which you would like Target odds to be computed.

Target Target Price Odds to finish over 64.9

The tendency of Target Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to stay above $ 64.90  in 90 days
 174.67 90 days 64.90 
close to 99
Based on a normal probability distribution, the odds of Target to stay above $ 64.90  in 90 days from now is close to 99 (This Target probability density function shows the probability of Target Stock to fall within a particular range of prices over 90 days) . Probability of Target price to stay between $ 64.90  and its current price of $174.67 at the end of the 90-day period is about 98.0 .
Considering the 90-day investment horizon Target has a beta of 0.86. This usually implies Target market returns are related to returns on the market. As the market goes up or down, Target is expected to follow. Additionally Target has an alpha of 0.256, implying that it can generate a 0.26 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
   Target Price Density   
       Price  

Predictive Modules for Target

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Target. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Target's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
172.76174.80176.84
Details
Intrinsic
Valuation
LowRealHigh
158.38160.42192.14
Details
Naive
Forecast
LowNextHigh
160.17162.21164.25
Details
34 Analysts
Consensus
LowTargetHigh
136.19149.66166.12
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Target. Your research has to be compared to or analyzed against Target's peers to derive any actionable benefits. When done correctly, Target's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Target.

Target Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. Target is not an exception. The market had few large corrections towards the Target's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Target, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Target within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
0.26
β
Beta against NYSE Composite0.86
σ
Overall volatility
12.24
Ir
Information ratio 0.12

Target Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Target for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Target can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
The company has 21.25 B in debt with debt to equity (D/E) ratio of 1.77, which is OK given its current industry classification. Target has a current ratio of 0.84, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Target until it has trouble settling it off, either with new capital or with free cash flow. So, Target's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Target sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Target to invest in growth at high rates of return. When we think about Target's use of debt, we should always consider it together with cash and equity.
Over 81.0% of Target shares are owned by institutional investors
Latest headline from benzinga.com: These Are The Most Upgraded Stocks From Q1

Target Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Target Stock often depends not only on the future outlook of the current and potential Target's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Target's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding462.8 M
Cash And Short Term Investments3.8 B

Target Technical Analysis

Target's future price can be derived by breaking down and analyzing its technical indicators over time. Target Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Target. In general, you should focus on analyzing Target Stock price patterns and their correlations with different microeconomic environments and drivers.

Target Predictive Forecast Models

Target's time-series forecasting models is one of many Target's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Target's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about Target

Checking the ongoing alerts about Target for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Target help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
The company has 21.25 B in debt with debt to equity (D/E) ratio of 1.77, which is OK given its current industry classification. Target has a current ratio of 0.84, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Target until it has trouble settling it off, either with new capital or with free cash flow. So, Target's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Target sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Target to invest in growth at high rates of return. When we think about Target's use of debt, we should always consider it together with cash and equity.
Over 81.0% of Target shares are owned by institutional investors
Latest headline from benzinga.com: These Are The Most Upgraded Stocks From Q1
When determining whether Target is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Target Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Target Stock. Highlighted below are key reports to facilitate an investment decision about Target Stock:
Check out Target Backtesting, Target Valuation, Target Correlation, Target Hype Analysis, Target Volatility, Target History as well as Target Performance.
For more information on how to buy Target Stock please use our How to Invest in Target guide.
Note that the Target information on this page should be used as a complementary analysis to other Target's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Target Stock analysis

When running Target's price analysis, check to measure Target's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Target is operating at the current time. Most of Target's value examination focuses on studying past and present price action to predict the probability of Target's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Target's price. Additionally, you may evaluate how the addition of Target to your portfolios can decrease your overall portfolio volatility.
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Is Target's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Target. If investors know Target will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Target listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.574
Dividend Share
4.36
Earnings Share
8.94
Revenue Per Share
232.745
Quarterly Revenue Growth
0.017
The market value of Target is measured differently than its book value, which is the value of Target that is recorded on the company's balance sheet. Investors also form their own opinion of Target's value that differs from its market value or its book value, called intrinsic value, which is Target's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Target's market value can be influenced by many factors that don't directly affect Target's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Target's value and its price as these two are different measures arrived at by different means. Investors typically determine if Target is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Target's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.