The Goldman Sachs Group Forecasts Strong Price Appreciation for Target (NYSE:TGT) Stock

Target (NYSE:TGT) had its target price increased by stock analysts at The Goldman Sachs Group from $91.00 to $112.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the retailer’s stock. The Goldman Sachs Group’s price target points to a potential downside of 7.04% from the stock’s current price.

Several other research firms also recently commented on TGT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Target in a research note on Wednesday, January 21st. Citigroup upped their target price on shares of Target from $89.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Morgan Stanley lifted their price target on shares of Target from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday. Robert W. Baird lowered their price target on Target from $100.00 to $92.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. Finally, Barclays increased their price objective on Target from $91.00 to $108.00 and gave the stock an “underweight” rating in a research note on Wednesday. Eleven research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Target has an average rating of “Hold” and an average price target of $115.76.

Target Stock Up 0.3%

Shares of NYSE TGT opened at $120.48 on Wednesday. Target has a 1 year low of $83.44 and a 1 year high of $126.00. The firm has a 50-day simple moving average of $109.59 and a two-hundred day simple moving average of $98.22. The company has a market cap of $54.55 billion, a P/E ratio of 14.82 and a beta of 1.12. 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 (NYSE:TGT) last announced its quarterly earnings data 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 company had revenue of $30.45 billion for the quarter, compared to the consensus estimate of $30.52 billion. During the same quarter in the prior year, the company posted $2.41 EPS. Target’s quarterly revenue 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. Research analysts anticipate that Target will post 8.69 earnings per share for the current year.

Institutional Trading of Target

Several hedge funds have recently modified their holdings of TGT. CWM LLC grew its holdings in Target by 41.5% in 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 during the last quarter. Twelve Points Wealth Management LLC purchased a new stake in shares of Target during the 3rd quarter valued at $1,236,000. QVR LLC acquired a new stake in shares of Target in the 2nd quarter worth $11,014,000. LJI Wealth Management LLC grew its stake in 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 buying an additional 19,474 shares during the last quarter. Finally, Matrix Asset Advisors Inc. NY grew its stake in Target by 12.3% during the 3rd quarter. Matrix Asset Advisors Inc. NY now owns 177,721 shares of the retailer’s stock worth $15,942,000 after buying an additional 19,492 shares during the last quarter. 79.73% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting 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

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.