Telsey Advisory Group Issues Positive Forecast for Target (NYSE:TGT) Stock Price

21 May 2026, 11:44 by Jessica Moore · The Cerbat Gem

Target (NYSE:TGT – Get Free Report) had its target price boosted by Telsey Advisory Group from $148.00 to $150.00 in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the retailer’s stock. Telsey Advisory Group’s price target indicates a potential upside of 25.05% from the stock’s previous close.

A number of other research firms have also issued reports on TGT. Sanford C. Bernstein upgraded shares of Target from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $91.00 to $116.00 in a report on Wednesday, March 4th. Mizuho set a $120.00 price objective on Target in a research report on Thursday, March 5th. Evercore set a $130.00 price objective on Target in a research note on Monday. BMO Capital Markets lifted their target price on Target from $105.00 to $130.00 and gave the company a “market perform” rating in a report on Wednesday, March 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $132.00 target price on shares of Target in a research note on Friday, May 8th. Eleven investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Target currently has an average rating of “Hold” and an average price target of $122.54.

Check Out Our Latest Analysis on Target

Target Trading Down 1.9%

Target stock traded down $2.38 during midday trading on Thursday, reaching $119.95. 1,049,855 shares of the stock traded hands, compared to its average volume of 5,988,062. The firm has a market cap of $54.48 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 3.78 and a beta of 1.01. The company has a current ratio of 0.94, a quick ratio of 0.36 and a debt-to-equity ratio of 0.89. The company has a 50-day simple moving average of $122.25 and a two-hundred day simple moving average of $109.26. Target has a 12-month low of $83.44 and a 12-month high of $133.10.

Target (NYSE:TGT – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The retailer reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.24. Target had a net margin of 3.54% and a return on equity of 22.25%. The business had revenue of $25.44 billion for the quarter, compared to analysts’ expectations of $24.66 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The business’s quarterly revenue was up 6.7% on a year-over-year basis. Target has set its FY 2026 guidance at 7.500-8.500 EPS. Research analysts expect that Target will post 8.06 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Matthew A. Liegel sold 2,053 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $117.19, for a total value of $240,591.07. Following the transaction, the chief accounting officer owned 12,143 shares in the company, valued at approximately $1,423,038.17. This represents a 14.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.

Hedge Funds Weigh In On Target

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC raised its holdings in Target by 16.0% during the first quarter. Whipplewood Advisors LLC now owns 580 shares of the retailer’s stock worth $70,000 after purchasing an additional 80 shares in the last quarter. Prosperity Consulting Group LLC boosted its holdings in shares of Target by 3.4% in the 1st quarter. Prosperity Consulting Group LLC now owns 2,474 shares of the retailer’s stock valued at $300,000 after buying an additional 81 shares in the last quarter. Howe & Rusling Inc. grew its position in shares of Target by 3.1% in the 1st quarter. Howe & Rusling Inc. now owns 2,951 shares of the retailer’s stock valued at $358,000 after buying an additional 90 shares during the last quarter. Crawford Investment Counsel Inc. grew its position in shares of Target by 0.4% in the 4th quarter. Crawford Investment Counsel Inc. now owns 20,163 shares of the retailer’s stock valued at $1,971,000 after buying an additional 90 shares during the last quarter. Finally, Valtinson Bruner Financial Planning LLC raised its stake in Target by 2.6% during the 4th quarter. Valtinson Bruner Financial Planning LLC now owns 3,604 shares of the retailer’s stock worth $352,000 after acquiring an additional 92 shares in the last quarter. 79.73% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Target

Here are the key news stories impacting Target this week:

Positive Sentiment: Target beat Q1 earnings and revenue estimates, with strong sales growth and traffic gains pointing to improving demand. Target Beats Q1 Earnings Estimates on Strong Sales, Raises View
Positive Sentiment: Management raised its sales outlook, suggesting the turnaround plan is working better than expected and could support earnings momentum. Reuters article
Positive Sentiment: Piper Sandler and Robert W. Baird both raised their price targets, signaling improved confidence in Target’s recovery, even while keeping neutral ratings. Analyst price target updates
Neutral Sentiment: Target hired a new logistics chief, which may help longer-term execution but is not an immediate earnings driver. Target Taps Walmart Vet Jeff England to Head Logistics
Negative Sentiment: Some investors remain cautious about sustainability, with reports flagging cost pressures, execution risk, and weaker consumer sentiment as potential headwinds. Is Target Corp a Buy After Its Latest Earnings Report?
Negative Sentiment: Freedom Capital downgraded Target from strong-buy to hold, reflecting some caution after the stock’s recent rally. Freedom Capital downgrade

About Target

(Get Free Report)

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.