TGT Rises 2.36%, Eyes $98 Breakout

$Target(TGT)$

TGT Gains +2.36%: Retail Giant Consolidates, Eyes $98 Breakout

Latest Close Data

Closed at $96.53 (+2.36%) on 2025-12-26, now ~33.4% below its 52-week high of $145.08.

Core Market Drivers

The stock's rise aligns with positive holiday season retail sector sentiment.

The company's robust 4.66% dividend yield continues to attract income-focused investors, providing a solid valuation floor.

Technical Analysis

Volume was light at 3.3M shares (VR 0.63), suggesting consolidation.

The RSI (12) at 57.8 indicates neutral momentum, while the MACD (0.026) is flat and close to the zero line, signaling a potential inflection point. The setup suggests balanced supply and demand.

Key Price Levels

Primary Support: $91.54. Recent low providing a strong base.
Immediate Pivot: $96.53. Today's close; a break above is key.
Strong Resistance: $97.54. The immediate hurdle; a close above targets $100+.

Valuation Perspective

Forward P/E of 13.26x sits below its historical average (16.07x) and the broader Consumer Discretionary sector average (~20x), indicating potential undervaluation.

Analyst Targets

32 analysts have an average price target of $98.92. Consensus is "Hold" with 11 Buy/Strong Buy ratings, 22 Holds, and 6 Sell/Underperform ratings.

Weekly Outlook

Expect consolidation between $94 and $98. A decisive break above $97.54 resistance could propel the stock toward the $100-$102 zone. A drop below $94 risks a retest of the $91.54 support.

Risk Disclaimer

This analysis is for informational purposes only and not financial advice. Past performance is not indicative of future results. Investing involves risk, including potential loss of principal. Conduct your own research before making any investment decisions.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.