Target (TGT) is slated to post first-quarter results before the bell on Wednesday, with analysts cautiously optimistic about the retailer's stock.

Eight of the 13 analysts who cover Target and are tracked by Visible Alpha call the stock a "hold," with the other five rating the retailer as a "buy." The stock, which has lost more than a quarter of its value this year, has an average price target of 🥃$117.54, suggesting upside of nearly 20% from its closing level Friday.

Target is expected to report Q1 earnings per share of $1.64 on revenue that edged lower to $24.41 billion. Comparable store sales are expected to have fallen 1.5%, though 澳洲幸运5官方开奖结果体彩网:some analysts have warned that the metric could have declined 4%.

澳洲幸运5官方开奖结果体彩网:Last quarter, Target reported better-than-expected fourth-quarter results but warned that tariffs and worsening consumer s﷽entiment w🍃ere likely to affect its future performance.

Analysts Expect Outlook Cut

In a note leading up to the retailer's report, JPMorgan analysts wrote that they believe Target is likely to lower its full-year sales and profit forecasts, but said they "remain on the positive side of the company's long-term relevance to the consumer."

Morgan Stanley analysts also expect lowered guidance, as "sales have likely decelerated further YTD, due to a combination of weaker consumer sentiment, overall slowdown in 澳洲幸运5官方开奖结果体彩网:discretionary categories (to which TGT overindexes, compared to its broadline peers), and TGT-specific execution challenges."

Despite the near-term weakness, Oppenheimer said they "would take advantage of any dips" as they remain bullish on Target's long-term trajectory. UBS analysts, meanwhile, said that Target "needs to stabilize its market share, define its positioning in the market, demonstrate the sustainability of its profitability, and showcase its ability to harvest suitable returns."