FMP
Jan 24, 2023 9:02 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Oppenheimer initiated coverage on Target Corporation (NYSE:TGT) with an Outperform rating and a $190 price target. In 2022, the company’s shares underperformed, down 36% compared to a 19% decline in the S&P 500. Looking forward, the analysts see the potential for a strong multi-year profit recovery, driven by gross margin expansion, management cost actions, and share gains.
Nearer term, the analysts expect bumps along the way as seemingly aggressive Street forecasts for fiscal 2023 and headwinds in certain discretionary categories (CE, Home, etc.) muddle TGT's prospects for at least the next few quarters.
Longer term, the analysts believe the company is well positioned to continue capturing share, driven by digital efforts, store investments, merchandising success on the exclusive brand front, competitor liquidations over time, and partnerships with other brands/retailers.
Oct 31, 2023 8:03 AM - Parth Sanghvi
Free cash flow to the firm (FCFF) and free cash flow to equity (FCFE) are two of the most important metrics used in financial modeling. Both metrics measure the amount of cash that is available to a company's shareholders and creditors, but there is a key difference between the two. FCFF measures...
Nov 25, 2023 6:39 AM - Parth Sanghvi
Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...
Dec 23, 2023 2:19 AM - Parth Sanghvi
Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...