Target Corp
TGT: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$253.00 | Zzsl | Vzgfryqhr |
Target Earnings: Theft, Mix Weigh on Earnings, but Distribution Improvements Should Help in Long Term
Our $171 per share valuation of no-moat Target should not change much after it announced first-quarter earnings that suggest it is on pace to approximate our full-year targets. We see no reason to alter our long-term forecast materially, as we are still expecting mid-single-digit yearly revenue growth and high-single-digit operating margins forecast on average. We advise prospective investors to await a more attractive entry point.