Piper Sandler Forecasts Strong Price Appreciation for Target (NYSE:TGT) Stock

Target (NYSE:TGT) had its price target lifted by investment analysts at Piper Sandler from $102.00 to $119.00 in a report released on Wednesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the retailer’s stock. Piper Sandler’s price objective would indicate a potential downside of 1.23% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Sanford C. Bernstein raised Target from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $91.00 to $116.00 in a research note on Wednesday. Mizuho increased their price target on Target from $88.00 to $100.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley reissued an “overweight” rating and set a $125.00 price objective on shares of Target in a research report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft set a $108.00 target price on shares of Target in a research report on Thursday, January 8th. Finally, Robert W. Baird dropped their price target on shares of Target from $100.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, November 20th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $115.76.

Target Stock Up 0.3%

NYSE TGT opened at $120.48 on Wednesday. The business’s fifty day simple moving average is $109.59 and its 200-day simple moving average is $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 firm has a market cap of $54.55 billion, a PE ratio of 14.82 and a beta of 1.12. Target has a 52 week low of $83.44 and a 52 week high of $126.00.

Target (NYSE:TGT) last issued its earnings results on Tuesday, March 3rd. The retailer reported $2.44 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 3.54% and a return on equity of 22.25%. Target’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm 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, equities analysts anticipate that Target will post 8.69 earnings per share for the current year.

Hedge Funds Weigh In On Target

Several hedge funds and other institutional investors have recently made changes to their positions in TGT. CWM LLC grew its stake in shares of Target by 41.5% during the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock worth $3,482,000 after purchasing an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC purchased a new stake in Target during the 3rd quarter worth about $1,236,000. QVR LLC purchased a new stake in Target during the 2nd quarter worth about $11,014,000. LJI Wealth Management LLC boosted its position in shares of Target by 446.4% during the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock worth $2,138,000 after acquiring an additional 19,474 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY increased its holdings in shares of Target by 12.3% in the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock valued at $15,942,000 after acquiring an additional 19,492 shares during the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

More Target News

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.