Shares of Target Are Skyrocketing - Can This Trend Continue?

Target stock is trading -16.47% below its average target price of $174.95 after marking a 1.9% during today's evening session. Analysts are giving the Large-Cap Department Store company an average rating of buy and target prices ranging from $116.0 to $210.0 per share.

Target's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.5%. The stock's short ratio is 2.18. The company's insiders own 0.18% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.

Another number to watch is the company's rate of institutional share ownership, which now stands at 81.2%. In conclusion, we believe there is mixed market sentiment regarding Target.

Institutions Invested in Target

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 10% 44,496,184 $6,502,227,585
2024-03-31 State Street Corporation 7% 34,095,990 $4,982,447,185
2024-03-31 Blackrock Inc. 7% 32,137,496 $4,696,252,447
2024-03-31 Capital World Investors 5% 25,370,342 $3,707,368,200
2024-03-31 Franklin Resources, Inc. 3% 12,102,498 $1,768,538,091
2024-03-31 Massachusetts Financial Services Co. 2% 10,232,574 $1,495,286,088
2024-03-31 Wells Fargo & Company 2% 9,304,936 $1,359,730,343
2024-03-31 Geode Capital Management, LLC 2% 9,048,589 $1,322,270,354
2024-03-31 FMR, LLC 2% 8,740,594 $1,277,263,043
2024-03-31 Morgan Stanley 1% 6,666,899 $974,233,983
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.