Analysts Hike Price Targets On Target Stock Amid Amazon Rumors

Amazon is currently considering proposals to open a second North American headquarters

Amazon is currently considering proposals to open a second North American headquarters

One analyst thinks so and is predicting a high-profile acquisition in the coming year.

"I shop on Amazon and I shop at Target, so I don't know", said Gia Tebbs, of Observatory Hill.

Target and Amazon spokespersons did not respond to requests from the media to comment on the Loup Ventures analyst's prediction.

The speculation, of course, comes in the wake of Amazon's $13.7 billion takeover of Austin- based Whole Foods Market previous year. "Target is the ideal offline partner for Amazon for two reasons, shared demographic and manageable but comprehensive store count", Munster wrote in a post on Monday.

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"Getting the timing on this is hard, but seeing the value of the combination is easy", Munster wrote. Amazon spent almost $14 billion in 2017 to buy Whole Foods, and the e-commerce giant should have little trouble putting together financing for a deal that would wind up being more than double that.

"Amazon would need to understand what the current Target customer provides in terms of incremental shopping visits and whether they can gain in terms of the number of products in the Target shopping cart vs. the Amazon visit", Fosina said in an email to Retail Dive. Model 3 sedans and more announcements from major automakers about more electric cars, there is this one: "Amazon Will Acquire Target".

The post was full of good reasons why Amazon would want Target, but nothing much to justify why Target would want to throw in with Amazon. "It won't be as big as online, but it would be a measurable part" of the Amazon offering, he said. Besides, Target is no Whole Foods in terms of size and when it comes to the old activist investor burning platform. They have been aggressively promoting and giving prime memberships to first time moms and separately loading Prime Video with kid friendly content because of kind of the shopping presence that, uh, the wallet presence than a mom has.

Over 20 years Amazon boss Jeff Bezos has grown Amazon from a Seattle-based online bookseller into a global retail, tech and logistics leviathan.

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It's shaping up to be a critical year for Target Corporation (NYSE:TGT), as rumors continue to swirl about a possible buyout from (AMZN) later in 2018.

Munster explained that Amazon would have no problem funding the deal.

Another analyst - Ken Leon from CFRA - expects the company to advance in the world of financial services in 2018, by purchasing a small-to-mid sized bank in 2018.

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