Goal (TGT) is about to report fourth-quarter earnings on Tuesday morning, with analysts seeing substantial upside for the retailer’s inventory.

Analysts’ scores are cut up practically evenly, with 5 «purchase» and 6 «maintain» ratings among the many brokers who at the moment observe Goal and are tracked by Seen Alpha. Their common worth goal of slightly below $145 suggests about 18% upside to Friday’s shut and would put the inventory again at late-January ranges.

The retailer is predicted to report income of $30.77 billion for the quarter and adjusted earnings per share of $2.26, down 3.6% and 24%, respectively, from the identical time a yr in the past. On the identical time, analysts anticipate comparable store sales to rise 1.39% year-over-year, a consensus determine that Morgan Stanley analysts famous this week has risen since Goal lifted its comparable sales projection in January.

Analysts Anticipate Conservative 2025 Outlook, Query CEO Succession

Analysts from JPMorgan, Oppenheimer, and Morgan Stanley all mentioned in latest notes that they anticipate Goal will seemingly observe a few of its retail rivals like Walmart (WMT) and Home Depot (HD) and stay conservative of their first-quarter and 2025 projections.

Regardless of a possible conservative 2025 forecast—and considerations over the impression of tariffs and inflation on discretionary spending—Oppenheimer analysts mentioned they «proceed to imagine shares have bottomed» and mentioned they’d «make the most of any volatility» after the report. They famous that Goal shares have fallen after two of the previous 4 earnings studies, with double-digit swings after 4 of the final 5.

JPMorgan and Morgan Stanley analysts additionally raised the query of succession planning coming into 2025, as CEO Brian Cornell lately handed 10 years within the prime job. JPMorgan analysts mentioned Cornell deliberate to remain for 3 extra years as of September 2022, and mentioned they imagine an inner candidate to exchange him is «almost definitely.»

Goal shares are down about 18% during the last 12 months. They rose Friday, ending the week a bit above $124 apiece.