Citigroup Issues Positive Forecast for Target (NYSE:TGT) Stock Price

by · The Markets Daily

Target (NYSE:TGT – Get Free Report) had its price objective raised by investment analysts at Citigroup from $148.00 to $160.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. Citigroup’s target price would indicate a potential upside of 0.43% from the stock’s current price.

TGT has been the topic of several other research reports. Argus set a $150.00 price target on Target in a report on Friday, May 22nd. KeyCorp restated a “sector weight” rating on shares of Target in a research report on Thursday. Royal Bank Of Canada raised their target price on shares of Target from $166.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday. Wells Fargo & Company lifted their price objective on Target from $165.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Wolfe Research set a $169.00 price objective on shares of Target in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $159.52.

View Our Latest Analysis on Target

Target Price Performance

Shares of Target stock traded up $0.31 during midday trading on Thursday, reaching $159.31. The company had a trading volume of 3,634,230 shares, compared to its average volume of 5,430,640. The company has a current ratio of 0.93, a quick ratio of 0.30 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $139.71 and a 200 day simple moving average of $127.38. Target has a 1-year low of $83.44 and a 1-year high of $161.98. The company has a market capitalization of $72.36 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97.

Target (NYSE:TGT – Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $1.76. The firm had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.15 billion. Target had a return on equity of 22.92% and a net margin of 3.24%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company earned $2.05 EPS. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities research analysts forecast that Target will post 8.43 earnings per share for the current year.

Insider Transactions at Target

In other news, insider Cara A. Sylvester sold 10,000 shares of Target stock in a transaction on Friday, May 29th. The stock was sold at an average price of $125.89, for a total transaction of $1,258,900.00. Following the completion of the sale, the insider owned 45,930 shares of the company’s stock, valued at approximately $5,782,127.70. This trade represents a 17.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Trading of Target

Large investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in Target by 101.3% in the fourth quarter. Brighton Jones LLC now owns 6,080 shares of the retailer’s stock valued at $822,000 after buying an additional 3,059 shares in the last quarter. Woodline Partners LP grew its holdings in Target by 39.9% during the 1st quarter. Woodline Partners LP now owns 38,712 shares of the retailer’s stock worth $4,040,000 after acquiring an additional 11,047 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Target by 22.8% in the second quarter. NewEdge Advisors LLC now owns 69,660 shares of the retailer’s stock valued at $6,872,000 after purchasing an additional 12,948 shares during the period. Sei Investments Co. increased its stake in shares of Target by 8.0% in the second quarter. Sei Investments Co. now owns 190,860 shares of the retailer’s stock valued at $18,832,000 after buying an additional 14,195 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in Target by 11.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 272,787 shares of the retailer’s stock valued at $26,910,000 after purchasing an additional 27,063 shares during the period. Institutional investors and hedge funds own 79.73% of the company’s stock.

More Target News

Here are the key news stories impacting Target this week:

  • Positive Sentiment: Target reported second-quarter sales of $26.54 billion, up 5.3% year over year and ahead of Wall Street expectations. Comparable sales rose 3.8%, driven by a 3.6% increase in traffic, while digital sales and category performance also improved. Target Corporation Reports Second Quarter Earnings
  • Positive Sentiment: Management raised its fiscal 2026 outlook, projecting approximately 5% sales growth and EPS of $9.90 to $10.90, above the prior consensus estimate of $7.72. The guidance increase suggests improved momentum in traffic, sales and margins. Target lifts annual forecasts again
  • Positive Sentiment: Analyst sentiment improved: RBC raised its price target from $166 to $178 and maintained an “outperform” rating. TD Cowen also raised its target to $160, although it retained a “hold” rating.
  • Neutral Sentiment: Target’s quarterly earnings substantially exceeded estimates, but comparisons vary between reported and adjusted figures. Investors are focusing on the underlying sales recovery as well as the sustainability of the profit improvement.
  • Negative Sentiment: Approximately $994 million of tariff refunds significantly boosted second-quarter profitability. Because this benefit is nonrecurring, investors may question the quality and durability of reported earnings. Target Raises 2026 Guidance as Tariff Refunds Boost Q2 Profitability
  • Negative Sentiment: After a sharp recent rally, Target trades at an elevated valuation, raising the bar for future results. Analysts also cite execution risks and limited upside at current levels; KeyCorp reaffirmed a “sector weight” rating.

About Target

(Get Free Report)

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.

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