BMO Capital Markets Forecasts Strong Price Appreciation for Target (NYSE:TGT) Stock

Target (NYSE:TGT) had its price target hoisted by BMO Capital Markets from $105.00 to $130.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the retailer’s stock. BMO Capital Markets’ price target indicates a potential upside of 7.90% from the company’s current price.

Several other research firms have also recently weighed in on TGT. Bank of America began coverage on Target in a research report on Friday, February 27th. They set an “underperform” rating and a $103.00 price objective on the stock. UBS Group upped their price target on shares of Target from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Wednesday. Telsey Advisory Group upgraded shares of Target from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $110.00 to $145.00 in a research note on Wednesday. Roth Mkm set a $88.00 target price on Target in a report on Thursday, November 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Eleven equities research 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, the stock has an average rating of “Hold” and an average target price of $115.76.

Target Trading Up 0.3%

Shares of TGT stock opened at $120.48 on Wednesday. The firm has a 50 day moving average price of $109.59 and a two-hundred day moving average price of $98.22. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $54.55 billion, a PE ratio of 14.82 and a beta of 1.12. Target has a 12-month low of $83.44 and a 12-month high of $126.00.

Target (NYSE:TGT) last posted its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, beating the consensus estimate of $2.16 by $0.28. The company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.41 earnings per share. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. As a group, analysts predict that Target will post 8.69 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. WFA of San Diego LLC bought a new position in shares of Target during the 2nd quarter worth approximately $25,000. Jessup Wealth Management Inc acquired a new position in shares of Target during the 4th quarter valued at $25,000. Altshuler Shaham Ltd bought a new position in Target during the fourth quarter worth $26,000. Global Wealth Strategies & Associates boosted its stake in Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock worth $29,000 after acquiring an additional 192 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC acquired a new stake in Target in the third quarter worth $27,000. 79.73% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Q4 beat + clear turnaround roadmap — Target beat adjusted EPS estimates and gave FY/Q1 guidance while unveiling a multi-year growth plan (store investments, remodels, tech/AI). That combination is the primary bullish catalyst. Margins Up, Foot Traffic Down
• Positive Sentiment: Large store expansion and remodel program — Target plans to open >30 stores in 2026 and has a long‑term target of ~300 new stores by 2035, plus >130 remodels this year, which supports comp and square‑foot growth expectations. Target Challenges Retail Rivals With 300-Store Growth Plan
• Positive Sentiment: Investment/AI narrative lifted sentiment — Management’s $2B+ fiscal‑2026 investment plan and AI-driven digital efforts were flagged as growth levers; headlines tied these moves to a notable intraday rally. Target Stock Rises 7% After Unveiling Bold Multi-Year Growth Strategy
• Positive Sentiment: Analyst upgrades and higher price targets — Several firms (UBS, Oppenheimer, Telsey, Guggenheim, BMO and others) raised targets and ratings after the investor day/earnings release, which supports momentum and institutional buying interest. (Multiple broker reports compiled across news outlets.)
• Neutral Sentiment: Mixed analyst moves — Some banks raised price targets but maintained neutral/market‑perform ratings (e.g., JPMorgan, Citigroup, Piper). Those changes are supportive but reflect cautious conviction.
• Negative Sentiment: Top‑line weakness and foot‑traffic headwinds remain — Revenue was down ~1.5% y/y in the quarter and commentary noted weaker foot traffic in some categories, a reminder that execution risk on the turnaround is real. Target: Sales Remain Weak, Shares Fairly Valued
• Negative Sentiment: Cautious / bearish analyst notes persist — Bank of America kept an underperform stance and some firms still express execution risk; BNP Paribas Exane’s underperform view (even with a higher PT) highlights downside scenarios if comps don’t recover. Target’s turnaround faces execution risks, says Bank of America

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.