On July 2, 2025, Barclays initiated coverage on Tanger (SKT, Financial), setting a price target of $33.00 USD. This new coverage comes with an "Equal-Weight" rating from analyst Richard Hightower.
The announcement did not include any prior price target or rating changes, marking the beginning of Barclays' evaluation of Tanger (SKT, Financial). Investors may look to this initiation as a new benchmark for the stock, which is traded on the NYSE.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Tanger Inc (SKT, Financial) is $34.88 with a high estimate of $38.00 and a low estimate of $32.00. The average target implies an upside of 13.25% from the current price of $30.80. More detailed estimate data can be found on the Tanger Inc (SKT) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Tanger Inc's (SKT, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tanger Inc (SKT, Financial) in one year is $28.49, suggesting a downside of 7.48% from the current price of $30.795. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tanger Inc (SKT) Summary page.
