Target (NYSE:TGT) Price Target Raised to $130.00 at Wells Fargo & Company

Target (NYSE:TGT) had its target price lifted by Wells Fargo & Company from $115.00 to $130.00 in a research note published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the retailer’s stock.

A number of other research analysts have also weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Target in a report on Wednesday, January 21st. Piper Sandler lifted their price objective on shares of Target from $85.00 to $102.00 and gave the stock a “neutral” rating in a research note on Monday. Truist Financial boosted their target price on shares of Target from $83.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, November 20th. Wolfe Research raised shares of Target from an “underperform” rating to a “peer perform” rating in a report on Tuesday, January 27th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price target on shares of Target in a research report on Thursday, December 18th. Ten equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Target has an average rating of “Hold” and a consensus price target of $107.24.

Target Price Performance

Target stock traded down $1.09 during midday trading on Friday, reaching $113.70. 6,413,811 shares of the stock traded hands, compared to its average volume of 6,110,919. The stock has a market cap of $51.48 billion, a P/E ratio of 13.80, a PEG ratio of 11.68 and a beta of 1.14. The stock’s fifty day moving average is $107.74 and its 200-day moving average is $97.83. The company has a quick ratio of 0.27, a current ratio of 0.97 and a debt-to-equity ratio of 0.99. Target has a 12 month low of $83.44 and a 12 month high of $127.06.

Target Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Wednesday, February 11th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, February 11th. Target’s dividend payout ratio (DPR) is currently 55.34%.

Institutional Trading of Target

A number of hedge funds and other institutional investors have recently bought and sold shares of TGT. WFA of San Diego LLC bought a new stake in Target during the 2nd quarter valued at about $25,000. Jessup Wealth Management Inc bought a new position in Target in the 4th quarter worth about $25,000. Altshuler Shaham Ltd purchased a new position in shares of Target during the fourth quarter worth approximately $26,000. Global Wealth Strategies & Associates raised its stake in shares of Target by 192.0% during the fourth quarter. Global Wealth Strategies & Associates now owns 292 shares of the retailer’s stock valued at $29,000 after acquiring an additional 192 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Target in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.

Target News Summary

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.