Target (NYSE:TGT) Price Target Raised to $130.00

Target (NYSE:TGT) had its price target upped by Wells Fargo & Company from $115.00 to $130.00 in a research report released on Friday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the retailer’s stock.

TGT has been the subject of several other research reports. Evercore set a $105.00 price objective on Target in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a research report on Thursday, January 8th. DA Davidson set a $120.00 price target on shares of Target in a report on Monday, January 12th. JPMorgan Chase & Co. lifted their price objective on shares of Target from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TD Cowen cut their target price on shares of Target from $105.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Ten investment analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.24.

Target Price Performance

Shares of NYSE TGT opened at $113.70 on Friday. The stock’s 50-day simple moving average is $107.74 and its two-hundred day simple moving average is $97.72. Target has a twelve month low of $83.44 and a twelve month high of $127.06. The firm has a market capitalization of $51.48 billion, a P/E ratio of 13.80 and a beta of 1.12. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 1st. Stockholders of record on Wednesday, February 11th were issued a $1.14 dividend. The ex-dividend date was Wednesday, February 11th. This represents a $4.56 annualized dividend and a dividend yield of 4.0%. Target’s payout ratio is currently 55.34%.

Hedge Funds Weigh In On Target

Several institutional investors and hedge funds have recently bought and sold shares of the stock. WFA of San Diego LLC purchased a new stake in shares of Target during the second quarter valued at approximately $25,000. Jessup Wealth Management Inc bought a new stake in Target during the 4th quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in Target during the 4th quarter valued at $26,000. Heartwood Wealth Advisors LLC bought a new stake in Target in the 3rd quarter worth $27,000. Finally, Global Wealth Strategies & Associates increased its position in shares of Target by 192.0% in the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares during the period. 79.73% of the stock is currently owned by institutional investors.

Target News Summary

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target to $130 and reiterated an “overweight” rating, signaling a sizable upside vs. current levels and offering a strong analyst vote of confidence for the stock. Benzinga
• Positive Sentiment: Target announced it will sell only cereals made without certified synthetic colors by the end of May — a retailer-leading move that supports merchandising authority, ESG positioning, and could strengthen brand perception. PR Newswire
• Positive Sentiment: Target and Roller Rabbit will launch an exclusive spring collection (250+ items) to drive traffic and seasonal sales — a merchandising collaboration that may support comp trends if it resonates with customers. PR Newswire
• Neutral Sentiment: JPMorgan raised its price target to $115 but kept a “neutral” rating — a modest upward revision that offers some support but stops short of a bullish endorsement. Benzinga TickerReport
• Neutral Sentiment: Zacks commentary and multiple analyst pieces flag Target as a “trending” / value candidate ahead of results — useful for investors evaluating relative valuation and estimates but not an immediate catalyst. Zacks
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and $103 price target — a fresh analyst downside that adds selling pressure and gives investors a lower-conviction view. Finviz
• Negative Sentiment: Sanford C. Bernstein cut its price target to $91 and kept an “underperform” stance, representing a material downside and reinforcing a segment of analyst skepticism about near-term performance. Benzinga
• Negative Sentiment: Reuters reports growing investor agitation and leadership scrutiny tied to merchandising and policy decisions over the past three years — governance concerns can pressure the stock if activists push for changes or if execution missteps persist. Reuters

Target Company Profile

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.