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Tanger - SKT Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $31.33
  • Forecasted Upside: -6.24%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$33.42 As of 10/4/2024 09:51 PM ET
▲ +0.79 (2.42%)

This chart shows the closing price for SKT by one month, three months, or twelve months.

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Analyst Price Target for SKT

Analyst Price Target is $31.33
▼ -6.24% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for Tanger in the last 3 months. The average price target is $31.33, with a high forecast of $34.00 and a low forecast of $29.00. The average price target represents a -6.24% upside from the last price of $33.42.

This chart shows the closing price for SKT for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 6 investment analysts is to moderate buy stock in Tanger. This rating has held steady since August 2024, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
4/15/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
7/14/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
10/12/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/10/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/9/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
7/8/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/6/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
10/6/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
9/16/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$29.00 ➝ $31.00
9/11/2024Compass PointBoost TargetBuy ➝ Buy$32.00 ➝ $34.00
8/28/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$28.00 ➝ $29.00
8/26/2024ScotiabankBoost TargetSector Perform ➝ Sector Perform$28.00 ➝ $30.00
5/17/2024ScotiabankUpgradeSector Underperform ➝ Sector Perform$20.00 ➝ $28.00
5/2/2024Compass PointUpgradeNeutral ➝ Buy$31.00 ➝ $32.00
5/1/2024Evercore ISILower TargetIn-Line ➝ In-Line$29.00 ➝ $28.00
4/5/2024Bank of AmericaUpgradeUnderperform ➝ Neutral$24.00 ➝ $31.00
3/22/2024CitigroupUpgradeNeutral ➝ Buy$30.00 ➝ $33.00
2/28/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$28.00 ➝ $29.00
2/20/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$27.00 ➝ $28.00
12/18/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$27.00 ➝ $29.00
11/8/2023Compass PointDowngradeBuy ➝ Neutral$26.00
10/12/2023JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$24.00 ➝ $25.00
8/24/2023CitigroupBoost TargetNeutral ➝ Neutral$20.00 ➝ $24.00
8/22/2023Bank of AmericaBoost TargetUnderperform ➝ Underperform$18.50 ➝ $20.00
8/16/2023The Goldman Sachs GroupDowngradeBuy ➝ Neutral$26.00
8/7/2023Evercore ISIBoost TargetIn-Line ➝ In-Line$22.00 ➝ $23.00
8/7/2023Compass PointUpgradeNeutral ➝ Buy$21.00 ➝ $26.00
5/31/2023888Reiterated RatingMaintains
5/31/2023Evercore ISIBoost Target$20.00 ➝ $22.00
3/21/2023The Goldman Sachs GroupInitiated CoverageBuy$22.00
1/30/2023Compass PointDowngradeBuy ➝ Neutral$21.00
12/14/2022CitigroupBoost Target$15.00 ➝ $20.00
9/27/2022Evercore ISILower Target$17.00 ➝ $15.00
8/15/2022Evercore ISIBoost Target$17.00
6/22/2022Compass PointLower TargetBuy$23.00 ➝ $21.00
11/3/2021Compass PointUpgradeNeutral ➝ Buy
6/28/2021ScotiabankBoost TargetUnderperform$13.00 ➝ $15.00
3/15/2021The Goldman Sachs GroupReiterated RatingNeutral ➝ Sell$11.00 ➝ $12.50
3/9/2021The Goldman Sachs GroupDowngradeNeutral ➝ Sell$11.00 ➝ $12.50
12/15/2020Smith Barney CitigroupBoost Target$6.00 ➝ $10.50
11/9/2020Compass PointUpgradeSell ➝ Neutral$7.50
9/21/2020KeyCorpUpgradeUnderweight ➝ Sector Weight
7/2/2020CitigroupBoost TargetUnderweight ➝ Neutral$4.50 ➝ $6.50
7/1/2020The Goldman Sachs GroupInitiated CoverageNeutral$7.70
6/18/2020JPMorgan Chase & Co.Lower TargetUnderweight$15.00 ➝ $8.00
6/4/2020Compass PointInitiated CoverageSell$6.00
4/7/2020CitigroupLower TargetNeutral$13.50 ➝ $4.50
4/3/2020KeyCorpLower TargetUnderweight$12.00 ➝ $3.00
3/23/2020Bank of AmericaDowngradeNeutral ➝ Underperform$11.00 ➝ $5.50
1/28/2020KeyCorpLower TargetUnderweight$13.00 ➝ $12.00
12/17/2019KeyCorpLower TargetUnderweight$14.00 ➝ $13.00
(Data available from 10/7/2019 forward)

News Sentiment Rating

0.98 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 14 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/10/2024
  • 10 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
4/9/2024
  • 11 very positive mentions
  • 20 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
5/9/2024
  • 10 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/8/2024
  • 6 very positive mentions
  • 0 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/8/2024
  • 10 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/7/2024
  • 7 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/6/2024
  • 15 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/6/2024

Current Sentiment

  • 15 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Tanger logo
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies. Tanger is furnishing a Form 8-K with the Securities and Exchange Commission ("SEC") that includes a supplemental information package for the quarter and year ended December 31, 2023.
Read More

Today's Range

Now: $33.42
Low: $32.43
High: $33.43

50 Day Range

MA: $30.19
Low: $26.82
High: $33.43

52 Week Range

Now: $33.42
Low: $21.42
High: $33.43

Volume

501,700 shs

Average Volume

745,656 shs

Market Capitalization

$3.65 billion

P/E Ratio

36.73

Dividend Yield

3.37%

Beta

1.89

Frequently Asked Questions

What sell-side analysts currently cover shares of Tanger?

The following Wall Street sell-side analysts have issued reports on Tanger in the last year: Bank of America Co., Citigroup Inc., Compass Point, Evercore ISI, JPMorgan Chase & Co., and Scotiabank.
View the latest analyst ratings for SKT.

What is the current price target for Tanger?

6 Wall Street analysts have set twelve-month price targets for Tanger in the last year. Their average twelve-month price target is $31.33, suggesting a possible downside of 6.2%. Compass Point has the highest price target set, predicting SKT will reach $34.00 in the next twelve months. JPMorgan Chase & Co. has the lowest price target set, forecasting a price of $29.00 for Tanger in the next year.
View the latest price targets for SKT.

What is the current consensus analyst rating for Tanger?

Tanger currently has 3 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for SKT.

What other companies compete with Tanger?

Other companies that are similar to Tanger include Federal Realty Investment Trust, NNN REIT, Agree Realty, Kite Realty Group Trust and Macerich. Learn More about companies similar to Tanger.

How do I contact Tanger's investor relations team?

Tanger's physical mailing address is 3200 NORTHLINE AVENUE SUITE 360, GREENSBORO NC, 27408. The real estate investment trust's listed phone number is (336) 292-3010 and its investor relations email address is [email protected]. The official website for Tanger is www.tangeroutlet.com. Learn More about contacing Tanger investor relations.