Bank of America Begins Coverage on Target (NYSE:TGT)

Analysts at Bank of America started coverage on shares of Target (NYSE:TGT) in a research note issued to investors on Friday, Marketbeat Ratings reports. The brokerage set an “underperform” rating and a $103.00 price target on the retailer’s stock. Bank of America‘s price objective would suggest a potential downside of 9.41% from the stock’s current price.

Several other research analysts also recently weighed in on TGT. Argus decreased their target price on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Monday, December 1st. Piper Sandler upped their price objective on shares of Target from $85.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, February 23rd. Jefferies Financial Group restated a “buy” rating and set a $115.00 target price on shares of Target in a research note on Thursday, December 18th. Robert W. Baird cut their price target on Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Finally, Royal Bank Of Canada lowered their price objective on Target from $107.00 to $99.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Ten equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $107.24.

Target Stock Down 1.0%

NYSE TGT opened at $113.70 on Friday. The stock has a market cap of $51.48 billion, a PE ratio of 13.80, a P/E/G ratio of 11.58 and a beta of 1.14. Target has a fifty-two week low of $83.44 and a fifty-two week high of $127.06. The business has a 50 day moving average price of $107.74 and a two-hundred day moving average price of $97.77. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99.

Institutional Trading of Target

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Target by 14.7% during the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after buying an additional 6,607,982 shares during the last quarter. Norges Bank acquired a new position in Target in the fourth quarter valued at approximately $587,903,000. TOMS Capital Investment Management LP bought a new position in shares of Target during the fourth quarter valued at approximately $257,571,000. AQR Capital Management LLC raised its position in shares of Target by 243.8% during the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after purchasing an additional 2,035,298 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Target by 6,639.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after purchasing an additional 1,884,577 shares during the last quarter. Institutional investors own 79.73% of the company’s stock.

Key Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target to $130 and reiterated an “overweight” rating, signaling a sizable upside vs. current levels and offering a strong analyst vote of confidence for the stock. Benzinga
• Positive Sentiment: Target announced it will sell only cereals made without certified synthetic colors by the end of May — a retailer-leading move that supports merchandising authority, ESG positioning, and could strengthen brand perception. PR Newswire
• Positive Sentiment: Target and Roller Rabbit will launch an exclusive spring collection (250+ items) to drive traffic and seasonal sales — a merchandising collaboration that may support comp trends if it resonates with customers. PR Newswire
• Neutral Sentiment: JPMorgan raised its price target to $115 but kept a “neutral” rating — a modest upward revision that offers some support but stops short of a bullish endorsement. Benzinga TickerReport
• Neutral Sentiment: Zacks commentary and multiple analyst pieces flag Target as a “trending” / value candidate ahead of results — useful for investors evaluating relative valuation and estimates but not an immediate catalyst. Zacks
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and $103 price target — a fresh analyst downside that adds selling pressure and gives investors a lower-conviction view. Finviz
• Negative Sentiment: Sanford C. Bernstein cut its price target to $91 and kept an “underperform” stance, representing a material downside and reinforcing a segment of analyst skepticism about near-term performance. Benzinga
• Negative Sentiment: Reuters reports growing investor agitation and leadership scrutiny tied to merchandising and policy decisions over the past three years — governance concerns can pressure the stock if activists push for changes or if execution missteps persist. Reuters

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.