Of 17 analysts covering the stock, 10 have a Buy or Strong Buy rating, and five more have Hold ratings. At a share price of around $7.80, the upside potential based on a median price target of $8.40 is 7.7%. At the high price target of $11.00, the upside potential is 41%.
Second-quarter revenue is forecast at $1.78 billion, up 9.7% sequentially and by 53.4% compared to the year-ago quarter. Analysts expect Nu to post adjusted EPS of $0.04, equal to the prior quarter’s EPS and better than the year-ago quarter’s break-even finish. For the full year, adjusted EPS are forecast at $0.17 per share, up 293% on sales of $7.41 billion, up 54.7%.
The stock trades at 45.2 times expected 2023 earnings, 27.2 times estimated 2024 earnings of $0.29 per share and 15.6 times estimated 2025 earnings of $0.50 per share. Its 52-week trading range is $3.39 to $8.29. Nu does not pay a dividend, and total shareholder return for the past year was 90.20%.
Target
Target Corp. (NYSE: TGT) posted its 52-week high nearly a year ago and plummeted to a 52-week low in June. The stock has dropped by nearly 23% over the past 12 months, including a 12% decline in 2023. Rival Walmart has added about 24% over the past year, including an increase of nearly 14% to date this year.
Both retailers appear to be treading water, however, compared to Amazon. The e-commerce giant’s shares have added nearly 65% so far this year. Target has been focused on cost-cutting and attracting more traffic. This approach, even if it works, will take the company only so far. Target reports results Wednesday morning.
Of 36 analysts covering the company, 17 have a Buy or Strong Buy rating, and 19 rate the shares a5 Hold. At a price of around $131.00 a share, the upside potential based on a median price target of $160.50 is about 22.5%. At the high price target of $220.00, the upside potential is 67.9%.
The consensus second-quarter 2024 revenue estimate is $25.27 billion, down 0.2% sequentially and by 4.7% year over year. Adjusted EPS are forecast at $1.43, down 30.3% sequentially but 266.7% higher year over year. For the full year ending in January, analysts expect Target to report EPS of $7.84, up 30.2%, on sales of $109.27 billion, up 0.14%.
Target stock trades at 16.7 times expected 2024 EPS, 13.6 times estimated 2025 earnings of $9.50 and 12.0 times estimated 2026 earnings of $10.94 per share. The 52-week trading range is $125.08 to $183.89. The company pays an annual dividend of $4.34 (yield of 3.31%). Total shareholder return for the past year was negative 20.73%.
TJX Companies
TJX Companies Inc. (NYSE: TJX) operates around 3,000 retail stores worldwide under well-known names like T.J. Maxx, Marshall’s and HomeGoods. Over the past 12 months, the share price has risen by around 33.3%. A forecast slowdown in retail sales finally appears to have shown up, and some analysts are expecting consumer-facing businesses like clothing stores and restaurants to report slower sales. Off-price retailers like TJX could outperform if consumers get more cautious. The company reports results early on Wednesday.
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