Target (TGT) has maintained its position as a leading omnichannel retailer, using its wide store footprint and digital presence. The company’s ability to adapt through curbside pickup, same-day delivery, and strong private labels gives it an edge over rivals such as Walmart (WMT) and Costco (COST). Further, the year-to-date decline in TGT stock has made shares more attractive relative to peers. Currently, Target stock is a Buy, according to the technical indicators, implying further upside from current levels.
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Analyzing TGT Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, Target stock is currently on an upward trend. The stock’s 20-day Exponential Moving Average (EMA) is 88.60, while its price is $89.80, implying a bullish signal.
Further, the Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.
Another technical indicator, Williams %R, helps traders see if a stock is overbought or oversold. For TGT stock, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Moreover, the Rate of Change (ROC) is a momentum-based technical indicator. It measures the percentage change in a stock’s price between the current price and the price from a specific number of periods ago. Typically, an ROC above zero confirms an uptrend. Target currently has an ROC of 2, which signals a Buy.
Is Target a Buy, Sell, or Hold?
Turning to Wall Street, TGT stock has a Hold consensus rating based on seven Buys, 12 Holds, and four Sells assigned in the last three months. At $97.41, the average Target stock price target implies an 8.47% upside potential.
