Target (NYSE:TGT) Stock Price Expected to Rise, Oppenheimer Analyst Says

Target (NYSE:TGT) had its price target lifted by equities researchers at Oppenheimer from $130.00 to $140.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the retailer’s stock. Oppenheimer’s target price indicates a potential upside of 16.20% from the stock’s current price.

Several other research analysts have also recently commented on the company. Argus reduced their target price on Target from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of Target in a report on Thursday, December 18th. Citigroup lifted their target price on shares of Target from $89.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Morgan Stanley increased their price target on shares of Target from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Evercore set a $105.00 price target on shares of Target in a research note on Tuesday, February 17th. Eleven equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.76.

Target Stock Up 0.3%

Shares of TGT opened at $120.48 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.27 and a current ratio of 0.94. The company has a 50-day simple moving average of $109.59 and a 200-day simple moving average of $98.22. Target has a 52 week low of $83.44 and a 52 week high of $126.00. The firm has a market capitalization of $54.55 billion, a P/E ratio of 14.82 and a beta of 1.12.

Target (NYSE:TGT) last posted its quarterly 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. Target had a return on equity of 22.25% and a net margin of 3.54%.The firm had revenue of $30.45 billion during the quarter, compared to analysts’ expectations of $30.52 billion. During the same quarter in the prior year, the firm posted $2.41 EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Target has set its Q1 2026 guidance at 1.300- EPS and its FY 2026 guidance at 7.500-8.500 EPS. On average, equities research analysts expect that Target will post 8.69 earnings per share for the current year.

Hedge Funds Weigh In On Target

Several institutional investors have recently bought and sold shares of TGT. Vanguard Group Inc. increased its stake in shares of Target by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 58,212,397 shares of the retailer’s stock valued at $5,690,262,000 after buying an additional 286,499 shares in the last quarter. State Street Corp lifted its position in Target by 0.3% during the 4th quarter. State Street Corp now owns 37,772,533 shares of the retailer’s stock worth $3,692,265,000 after buying an additional 124,468 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Target by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,065,926 shares of the retailer’s stock worth $1,668,194,000 after acquiring an additional 561,898 shares during the last quarter. Franklin Resources Inc. increased its position in Target by 2.4% in the 4th quarter. Franklin Resources Inc. now owns 6,194,448 shares of the retailer’s stock valued at $605,507,000 after acquiring an additional 142,937 shares in the last quarter. Finally, Norges Bank acquired a new stake in Target in the 4th quarter valued at about $587,903,000. Institutional investors own 79.73% of the company’s stock.

Target News Roundup

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

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.