Target (NYSE:TGT) Given New $119.00 Price Target at Piper Sandler

Target (NYSE:TGT) had its price objective lifted by Piper Sandler from $102.00 to $119.00 in a research report sent to investors on Wednesday, MarketBeat reports. Piper Sandler currently has a neutral rating on the retailer’s stock.

Several other research analysts have also recently commented on TGT. Zacks Research raised Target from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Argus cut their price objective on shares of Target from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Morgan Stanley reissued an “overweight” rating and issued a $125.00 target price on shares of Target in a research report on Thursday, January 15th. Sanford C. Bernstein upgraded Target from an “underperform” rating to a “market perform” rating and upped their target price for the company from $91.00 to $116.00 in a research report on Wednesday. Finally, DA Davidson set a $120.00 price target on shares of Target in a research report on Monday, January 12th. Eleven analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Target has an average rating of “Hold” and an average target price of $114.90.

Target Trading Down 0.6%

NYSE:TGT opened at $120.03 on Wednesday. The company has a market cap of $54.35 billion, a P/E ratio of 14.76 and a beta of 1.12. Target has a twelve month low of $83.44 and a twelve month high of $126.00. The business has a 50 day moving average price of $109.11 and a two-hundred day moving average price of $98.06. The company has a quick ratio of 0.27, a current ratio of 0.94 and a debt-to-equity ratio of 0.89.

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

Target Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, March 1st. Investors of record on Wednesday, February 11th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Wednesday, February 11th. This represents a $4.56 annualized dividend and a yield of 3.8%. Target’s dividend payout ratio is currently 55.34%.

Institutional Investors Weigh In On Target

Several hedge funds and other institutional investors have recently modified their holdings of the company. SHP Wealth Management bought a new stake in Target during the 4th quarter valued at $75,000. EJMK Ventures LLC purchased a new position in shares of Target in the 4th quarter worth approximately $372,000. Reflection Asset Management bought a new position in Target in the 4th quarter valued at $61,000. MidFirst Bank purchased a new stake in Target during the fourth quarter worth about $31,000. Finally, DGS Capital Management LLC purchased a new stake in Target in the fourth quarter worth $204,000. Institutional investors own 79.73% of the company’s stock.

Key Headlines Impacting Target

Here are the key news stories impacting Target this week:

• Positive Sentiment: Company unveiled a multi‑year turnaround and incremental spending plan (store refreshes, payroll/training, assortment changes, AI personalization and same‑day/digital investments) that supports a return to growth and justifies the earlier rally. Target outlines strategic plan
• Positive Sentiment: Q4 beat on EPS and margin improvement (adjusted EPS $2.44 vs. ~$2.16) plus strong free cash flow arguments (supporting dividend/buyback optionality) which drove a sizable short‑term rally. Q4 results press release
• Positive Sentiment: Multiple brokers raised price targets and issued upgrades (UBS, Oppenheimer, Guggenheim, Telsey and others), reflecting renewed investor confidence in the turnaround’s upside. Analyst reactions / price target moves
• Neutral Sentiment: Management issued FY 2026 EPS guidance above consensus (7.50–8.50 vs. ~7.33), signaling medium‑term improvement, but the company’s sales trajectory remains mixed (some categories growing, total revenue still down year‑over‑year). Guidance and sales context
• Neutral Sentiment: Firm is leaning into AI for personalization and same‑day delivery expansion — a potential multi‑quarter driver for digital sales if execution succeeds, but benefits will accrue gradually. AI personalization article
• Negative Sentiment: Q1 2026 guidance was weak (management offered a low Q1 EPS guide below Street expectations), which introduces near‑term downside risk and explains some of the intraday profit‑taking. Guidance details
• Negative Sentiment: Analysts and investors warned about execution risk — turning around categories, reworking store layouts and ramping AI are capital‑intensive and operationally complex; some firms (e.g., BofA, BNP Paribas Exane) remain cautious or retain underperform calls. Seeking Alpha critique

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.