Target (NYSE:TGT) Price Target Raised to $140.00 at Oppenheimer

Target (NYSE:TGT) had its price objective increased by Oppenheimer from $130.00 to $140.00 in a research note published on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the retailer’s stock.

A number of other brokerages have also issued reports on TGT. Guggenheim boosted their target price on shares of Target from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp reissued a “sector weight” rating on shares of Target in a research report on Wednesday. Robert W. Baird dropped their target price on shares of Target from $100.00 to $92.00 and set a “neutral” rating on the stock in a research note on Thursday, November 20th. Piper Sandler lifted their price target on shares of Target from $102.00 to $119.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Zacks Research upgraded Target from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Eleven equities 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.90.

Target Trading Down 0.6%

TGT opened at $120.03 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 stock’s 50 day moving average price is $109.11 and its 200-day moving average price is $98.06. Target has a one year low of $83.44 and a one year high of $126.00. The stock has a market cap of $54.35 billion, a price-to-earnings ratio of 14.76 and a beta of 1.12.

Target (NYSE:TGT) last issued its quarterly earnings results on Tuesday, March 3rd. The retailer reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.28. The firm had revenue of $30.45 billion during the quarter, compared to analyst estimates of $30.52 billion. Target had a return on equity of 22.25% and a net margin of 3.54%.Target’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $2.41 EPS. 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 analysts forecast that Target will post 8.69 EPS for the current year.

Target Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Target by 14.7% in the second quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock valued at $5,074,984,000 after purchasing an additional 6,607,982 shares during the last quarter. Norges Bank purchased a new stake in shares of Target during the fourth quarter valued at about $587,903,000. TOMS Capital Investment Management LP bought a new stake in shares of Target in the 4th quarter valued at about $257,571,000. AQR Capital Management LLC boosted its holdings in shares of Target by 243.8% in the 4th quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock valued at $280,563,000 after buying an additional 2,035,298 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position 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 buying an additional 1,884,577 shares during the last quarter. 79.73% of the stock is owned by institutional investors.

Key Stories 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

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.