Goldman Sachs cuts Tanger stock target to USD 40.00

Published on 10/20/2026 at 21:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Tanger revenue reached USD 156.39 million in Q2 2026, up 11.20 percent. Tanger stock costs EUR 31.81 on October 20, 2026 at 9:34 p.m. CEST.

Target, earnings and trading date

Goldman Sachs cut Tanger's target from USD 46.00 to USD 40.00 on October 7, 2026.
Tanger's second-quarter 2026 revenue reached USD 156.39 million, up 11.20 percent year over year.
Tanger stock costs EUR 31.81 at Lang & Schwarz on October 20, 2026 at 9:34 p.m. CEST.
Tanger will release third-quarter 2026 results on November 4, 2026.

SKT, US8754651060, Illustration mit AI erstellt.

Tanger Inc. (ISIN US8754651060) faces a lower Goldman Sachs valuation target of USD 40.00, down from USD 46.00, in a research note dated October 7, 2026. According to Markets Insider, Goldman Sachs kept a Buy rating. The USD 40.00 target lies 11.79 percent above the USD 35.78 primary-exchange price, last traded on October 20, 2026 at 3:38 p.m. ET. Tanger stock was trading at EUR 31.81 at Lang & Schwarz on October 20, 2026 at 9:34 p.m. CEST.

Revenue rose in the second quarter

Tanger reported USD 156.39 million of revenue for the second quarter of 2026, up 11.20 percent from the same quarter of 2025. Net income available to common shareholders reached USD 33.00 million, or USD 0.29 diluted earnings per share, compared with USD 29.90 million a year earlier. The figures come from Tanger's investor-relations materials for the quarter ended June 30, 2026.

According to Tanger, core funds from operations were USD 0.64 per share and same-center net operating income increased 3.50 percent year over year in the second quarter. The company also raised its full-year 2026 guidance to a core funds-from-operations range of USD 2.45 to USD 2.52 per share.

What does the price position show?

The primary-exchange quote was USD 35.78 on October 20, 2026, while Tanger's 52-week range stood at USD 31.13 to USD 42.53. The stock therefore sat USD 6.75, or 15.87 percent, below its 52-week high and USD 4.65, or 14.92 percent, above its 52-week low.

Valuation and November date

Tanger's market capitalization was USD 4.1 billion and its price-to-earnings ratio was 32.45 on October 20, 2026. The next scheduled report is the third-quarter release on November 4, 2026, after the market close, followed by the conference call on November 5, 2026.

Business Wire reported that Tanger also declared a quarterly dividend of USD 0.3125 per share payable on November 13, 2026 to shareholders of record on October 30, 2026.

Stock price and investor dates

The combination of a USD 40.00 Goldman Sachs target, second-quarter revenue of USD 156.39 million and a November 4 reporting date gives investors three separate reference points for Tanger. The target remains below the earlier USD 46.00 level, while the company entered the next reporting cycle with higher full-year guidance.

Tanger stock was trading at EUR 31.81 at Lang & Schwarz on October 20, 2026 at 9:34 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Tanger stock.