UBS Analysts Say Buy Target Stock for Nice Gains

Buy TGT Stock Right Now

Large investment firm UBS has recommended Target Corporation (NYSE: TGT) as a good buy. UBS has set a $133.85 price target for the stock.

UBS analysts say Target's recent financial performance and upcoming second-quarter earnings report make it an attractive investment.

UBS Thinks Target Will Do Well

UBS analysts raised their price target for Target stock from $130 to $133.85 and reiterated their buy rating.

They wrote that Target has a strong online presence and is well-positioned to benefit from the growing e-commerce market.

Hedge Funds Agree with UBS

Hedge funds, which typically invest in stocks they think will go up, have also recently shown bullish interest in Target.

According to data from FactSet, hedge funds increased their stake in Target by 1.5 million shares in the first quarter of 2023.

Target's Earnings Report Is Coming Soon

Target is scheduled to report its second-quarter financial results on August 16, 2023.

Analysts expect the company will report strong earnings and sales growth, driven by increased consumer spending and its strong online presence.