Target (TGT) is set to report third-quarter results before the opening bell Wednesday, with analysts expecting narrowly rising revenue and profit as markets look for insight on consumer spending ahead of the holiday season.

Analysts are bullish on Target stock, with 10 澳洲幸运5开奖号码历史查询:"buy" ratings and six "hold" ratings among the 16 analysts tracked by Visible Alpha. The average 澳洲幸运5开奖号码历史查询:price target of $179.94 is🌱 about 15% above Target's Monday closing price of $156.56, with all but one having a price target above the stock's current levels.

For the third quarter, analysts expect Target to report a revenue bump of nearly 2% to $25.89 billion, up from $25.40 billion the same time last year, according to estimates compiled by Visible Alpha. Profit is seen rising to $1.05 billion, or $2.28 澳洲幸运5开奖号码历史查询:per share, up from $971 million and $2.10 per share.

Target shar꧑♍es, which slipped less than 1% soon after markets opened Tuesday, have gained about 9% so far this year.

Analysts Looking for Results on Value Push

Bank of America analysts wrote in a recent note that even though Target "has not historically benefited from the same value perception as its large broadline peers" like Walmart (WMT) and Costco Wholesale (COST), the retailer's recent focus on value positions it well to gain market share.

Earlier this year, Target 澳洲幸运5开奖号码历史查询:announced plans to lower prices on thousands of popular products over the summer, and last month announced its schedule for rolling out daily and weekly deals through the holiday shopping season. With 澳洲幸运5开奖号码历史查询:Walmart beating estimates in its earnings report Tuesday, 澳洲幸运5开奖号码历史查询:markets will be watching the reports of Target and other retailers reporting ꦺthis w♑eek for indicators about the health of the U.S. consumer ahead of the holidays.

Executives 澳洲幸运5开奖号码历史查询:said in earnings calls earlier this year that consumers impacted by inflation had shifted away from discretionary spending, and in some cases 澳洲幸运5开奖号码历史查询:away from Target entirely, leading the retailer to lower prices in attempts to win those customers back. 澳洲幸运5开奖号码历史查询:Last quarter, Target said discretionary spen🐠ding trends "continued to improve meaningfully" as categories like apparel and beauty sales grew.