Target (NYSE:TGT) Price Target Raised to $160.00 at Citigroup

Key Points

• Citigroup raised Target’s price target to $160 from $148 while maintaining a “neutral” rating, implying just 0.43% upside. Analysts overall rate the stock “Hold,” with a consensus target of $159.52.
• Target reported strong quarterly results, including $4.11 in EPS versus $2.35 expected and revenue of $26.54 billion, up 5.3% year over year. Management raised fiscal 2026 guidance to $9.90–$10.90 in EPS and approximately 5% sales growth.
• The shares recently traded at $159.31 after a sharp rally, near their 52-week high of $161.98. Investors remain focused on whether earnings gains can persist, as roughly $994 million in tariff refunds provided a significant, nonrecurring boost to quarterly profitability.

Target (NYSE:TGT - Get Free Report) had its price objective boosted by Citigroup from $148.00 to $160.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a "neutral" rating on the retailer's stock. Citigroup's target price points to a potential upside of 0.43% from the stock's current price.

A number of other brokerages have also recently commented on TGT. Wolfe Research set a $169.00 price target on shares of Target in a research note on Monday, August 3rd. DA Davidson upped their price objective on Target from $170.00 to $185.00 and gave the company a "buy" rating in a research note on Wednesday. Bank of America reissued an "underperform" rating and issued a $124.00 target price (up from $110.00) on shares of Target in a report on Wednesday, August 12th. Guggenheim raised their target price on Target from $150.00 to $175.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, UBS Group boosted their price target on Target from $166.00 to $185.00 and gave the company a "buy" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $159.52.

Target Stock Performance

Target stock traded up $0.31 on Thursday, hitting $159.31. The company's stock had a trading volume of 3,634,230 shares, compared to its average volume of 5,430,640. The firm has a market cap of $72.36 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.47 and a beta of 0.97. The company has a quick ratio of 0.30, a current ratio of 0.93 and a debt-to-equity ratio of 0.87. The company has a fifty day moving average price of $139.71 and a 200-day moving average price of $127.38. Target has a one year low of $83.44 and a one year high of $161.98.

Target (NYSE:TGT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $1.76. Target had a net margin of 3.24% and a return on equity of 22.92%. The company had revenue of $26.54 billion during the quarter, compared to analysts' expectations of $26.15 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The business's revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. On average, equities analysts anticipate that Target will post 8.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Cara A. Sylvester sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 29th. The shares were 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 SEC, which is accessible through this link. Corporate insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TGT. WFA of San Diego LLC bought a new position in Target in the 2nd quarter valued at $25,000. Jessup Wealth Management Inc bought a new stake in shares of Target during the fourth quarter worth $25,000. Richardson Financial Services Inc. bought a new stake in shares of Target during the second quarter worth $26,000. Kimelman & Baird LLC acquired a new stake in shares of Target in the second quarter valued at $26,000. Finally, Altshuler Shaham Ltd acquired a new stake in shares of Target in the fourth quarter valued at $26,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Key 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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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