Roth Capital Lifts Target (TGT) PT but Warns Q1 May Have Been a "Goldilocks" Quarter Roth Capital raised its price target on Target Corporation (NYSE:TGT) to $114 from $88, but warned that the company's impressive quarterly performance may be unsustainable.
Analysts caution that Target's sales and earnings growth could slow as it faces tougher comparisons in coming quarters. One concern driving this warning is that Target's success in Q1 was an anomaly.
The "Goldilocks" quarter that boosted its performance was likely due to easy comparisons, rather than a genuine improvement in the company's fundamentals.