Target (TGT) News Today

Target Corp. (NYSE:TGT) shares have pulled back amid growing caution ahead of its first‐quarter earnings release. Investors are digesting a series of analyst revisions and potential margin headwinds that have weighed on sentiment.

• Analyst cuts: Barclays trimmed its price target from $140 to $102 and moved to an “equal weight” rating. Telsey Advisory Group lowered its Q1 EPS estimate to $1.72 (from $1.79) while keeping an “Outperform” rating and a $130 target.
• Earnings outlook: Wall Street forecasts center on roughly $1.78 in adjusted Q1 EPS and a 1% drop in comparable sales, reflecting softer discretionary spending and cost pressures.
• Tariff and cost risks: Rising duties on imports and freight costs are clouding margin expectations. Investors will parse management’s commentary on pricing actions and supply‐chain impacts during tomorrow’s conference call.
• Member perks boost: On the positive side, Target rolled out no‐markup same‐day delivery for over 100 third‐party retailers through its Target Circle 360 program, aiming to drive loyalty and incremental revenue.
• Upcoming catalyst: The company will webcast its Q1 earnings conference call before the market opens on May 21. Guidance on sales trends, promotional cadence and tariff exposure will be key for the next leg of the stock’s move.