Target Corporation (TGT), a large U.S. retailer, is heading into its second-quarter earnings with strong momentum. TGT stock is up 56% year-to-date (YTD), touching a new 52-week high of $156.47 on Aug. 13. More importantly, Wall Street has high hopes that the company will beat estimates and has already started to price in that possibility.
Many analysts have raised the target price for Target's stock. Let's find out what analysts are expecting from Target this quarter. Home Depot CEO Takes Medical Leave.
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Analysts have been raising Target's price target before its Q2 earnings report on Aug. 19, believing its turnaround story is gaining momentum. Jefferies initiated coverage with a "Buy" rating and a $177 price target, which is the highest price estimate now, implying a 16% upside from current levels. Telsey Advisory has raised the price target to $170 while maintaining a "Buy" rating.
Piper Sandler has lifted its target to $146 from $127, although it retained a "Hold" rating. Truist also moved its target to $147 from $130. RBC Capital had already raised the price target to $166 from $153 while maintaining a "Buy" rating.
Oppenheimer went even further, raising its target to $170 from $140. Analyst Rupesh Parikh believes that management could raise the fiscal 2026 guidance as Target's turnaround efforts are showing continued traction. Morgan lifted its target to $157 from $129, while UBS raised its target to $166 from $144.
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