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Tanger - SKT Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $29.00
  • Forecasted Upside: 8.98%
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 2 Buy Ratings
  • 0 Strong Buy Ratings
$26.61 As of 04/16/2024 12:33 PM ET
▼ -0.05 (-0.19%)

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 $29.00
▲ +8.98% Upside 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 $29.00, with a high forecast of $33.00 and a low forecast of $26.00. The average price target represents a 8.98% upside from the last price of $26.61.

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 Hold

The current consensus among 6 contributing investment analysts is to hold stock in Tanger. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/23/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
1/21/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/21/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
7/20/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/18/2023
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
1/16/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/16/2024
  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/15/2024

Latest Recommendations

  • 0 strong buy ratings
  • 2 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/5/2024Bank of AmericaUpgradeUnderperform ➝ Neutral$24.00 ➝ $31.00Low
3/22/2024CitigroupUpgradeNeutral ➝ Buy$30.00 ➝ $33.00Low
2/28/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$28.00 ➝ $29.00Low
2/20/2024Evercore ISIBoost TargetIn-Line ➝ In-Line$27.00 ➝ $28.00Low
12/18/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$27.00 ➝ $29.00Low
11/8/2023Compass PointDowngradeBuy ➝ Neutral$26.00Low
10/12/2023JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$24.00 ➝ $25.00Low
8/24/2023CitigroupBoost TargetNeutral ➝ Neutral$20.00 ➝ $24.00Low
8/22/2023Bank of AmericaBoost TargetUnderperform ➝ Underperform$18.50 ➝ $20.00Low
8/16/2023The Goldman Sachs GroupDowngradeBuy ➝ Neutral$26.00Low
8/7/2023Evercore ISIBoost TargetIn-Line ➝ In-Line$22.00 ➝ $23.00Low
8/7/2023Compass PointUpgradeNeutral ➝ Buy$21.00 ➝ $26.00Low
5/31/2023888Reiterated RatingMaintainsLow
5/31/2023Evercore ISIBoost Target$20.00 ➝ $22.00Low
3/21/2023The Goldman Sachs GroupInitiated CoverageBuy$22.00Low
1/30/2023Compass PointDowngradeBuy ➝ Neutral$21.00Low
12/14/2022CitigroupBoost Target$15.00 ➝ $20.00Low
9/27/2022Evercore ISILower Target$17.00 ➝ $15.00Low
8/15/2022Evercore ISIBoost Target$17.00Low
6/22/2022Compass PointLower TargetBuy$23.00 ➝ $21.00Low
11/3/2021Compass PointUpgradeNeutral ➝ BuyHigh
6/28/2021ScotiabankBoost TargetUnderperform$13.00 ➝ $15.00High
3/15/2021The Goldman Sachs GroupReiterated RatingNeutral ➝ Sell$11.00 ➝ $12.50N/A
3/9/2021The Goldman Sachs GroupDowngradeNeutral ➝ Sell$11.00 ➝ $12.50Low
12/15/2020Smith Barney CitigroupBoost Target$6.00 ➝ $10.50Medium
11/9/2020Compass PointUpgradeSell ➝ Neutral$7.50High
9/21/2020KeyCorpUpgradeUnderweight ➝ Sector WeightMedium
7/2/2020CitigroupBoost TargetUnderweight ➝ Neutral$4.50 ➝ $6.50High
7/1/2020The Goldman Sachs GroupInitiated CoverageNeutral$7.70Low
6/18/2020JPMorgan Chase & Co.Lower TargetUnderweight$15.00 ➝ $8.00Low
6/4/2020Compass PointInitiated CoverageSell$6.00High
4/7/2020CitigroupLower TargetNeutral$13.50 ➝ $4.50High
4/3/2020KeyCorpLower TargetUnderweight$12.00 ➝ $3.00High
3/23/2020Bank of AmericaDowngradeNeutral ➝ Underperform$11.00 ➝ $5.50High
1/28/2020KeyCorpLower TargetUnderweight$13.00 ➝ $12.00Low
12/17/2019KeyCorpLower TargetUnderweight$14.00 ➝ $13.00High
6/28/2019CitigroupSet TargetHold$16.00High
5/9/2019The Goldman Sachs GroupDowngradeNeutral ➝ Sell$19.80 ➝ $15.00Low
(Data available from 4/16/2019 forward)

News Sentiment Rating

0.72 (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
  • 10 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/19/2023
  • 7 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/19/2023
  • 7 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/18/2023
  • 5 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/18/2023
  • 2 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
1/17/2024
  • 9 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/16/2024
  • 14 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
3/17/2024
  • 11 very positive mentions
  • 8 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
4/16/2024

Current Sentiment

  • 11 very positive mentions
  • 8 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

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: $26.61
Low: $26.16
High: $26.61

50 Day Range

MA: $28.34
Low: $26.04
High: $29.80

52 Week Range

Now: $26.61
Low: $18.00
High: $29.98

Volume

141,545 shs

Average Volume

764,544 shs

Market Capitalization

$2.91 billion

P/E Ratio

28.92

Dividend Yield

3.89%

Beta

1.83

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: 888 Holdings plc, Bank of America Co., Citigroup Inc., Compass Point, Evercore ISI, JPMorgan Chase & Co., StockNews.com, and The Goldman Sachs Group, Inc..
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 $29.00, suggesting a possible upside of 8.9%. Citigroup Inc. has the highest price target set, predicting SKT will reach $33.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $26.00 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 4 hold ratings and 2 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in SKT, but not buy more shares or sell existing shares.
View the latest ratings for SKT.

What other companies compete with Tanger?

Other companies that are similar to Tanger include Macerich, Acadia Realty Trust, Retail Opportunity Investments, Kite Realty Group Trust and Alexander's. 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.