Telsey Advisory Group Upgrades Target (NYSE:TGT) to Outperform

Target (NYSE:TGT) was upgraded by investment analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, MarketBeat reports. The brokerage currently has a $145.00 price objective on the retailer’s stock, up from their prior price objective of $110.00. Telsey Advisory Group’s price objective would suggest a potential upside of 20.35% from the company’s current price.

A number of other research firms have also weighed in on TGT. Wolfe Research upgraded shares of Target from an “underperform” rating to a “peer perform” rating in a research report on Tuesday, January 27th. BMO Capital Markets lowered their target price on Target from $95.00 to $90.00 and set a “market perform” rating on the stock in a report on Thursday, November 20th. Evercore set a $105.00 price target on Target in a research report on Tuesday, February 17th. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $91.00 to $116.00 in a research report on Wednesday. Finally, Robert W. Baird dropped their target price on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Eleven 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $115.76.

Target Stock Performance

Shares of NYSE:TGT opened at $120.48 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.94 and a quick ratio of 0.27. Target has a 1 year low of $83.44 and a 1 year high of $126.00. The firm has a market capitalization of $54.55 billion, a PE ratio of 14.82 and a beta of 1.12. The business’s 50 day moving average price is $109.59 and its 200-day moving average price is $98.22.

Target (NYSE:TGT) last announced its quarterly earnings data on Tuesday, March 3rd. The retailer reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.28. Target had a return on equity of 22.25% and a net margin of 3.54%.The company had revenue of $30.45 billion for the quarter, compared to analyst estimates of $30.52 billion. During the same quarter last year, the firm posted $2.41 EPS. The firm’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. As a group, equities research analysts expect that Target will post 8.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Target

A number of institutional investors have recently made changes to their positions in TGT. CWM LLC raised its stake in shares of Target by 41.5% in the third quarter. CWM LLC now owns 38,819 shares of the retailer’s stock valued at $3,482,000 after acquiring an additional 11,378 shares in the last quarter. Twelve Points Wealth Management LLC acquired a new position in Target during the 3rd quarter worth $1,236,000. QVR LLC purchased a new stake in Target during the 2nd quarter worth about $11,014,000. LJI Wealth Management LLC raised its position in Target by 446.4% in the 3rd quarter. LJI Wealth Management LLC now owns 23,836 shares of the retailer’s stock valued at $2,138,000 after purchasing an additional 19,474 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY boosted its stake 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 buying an additional 19,492 shares during the period. 79.73% of the stock is currently owned by institutional investors and hedge funds.

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.