Street View: Target keeps giving shoppers a reason to come back

Target

20/08/2026 11:14

**The big box retailer Target TGT.N raised its annual sales forecast for a second time this year as efforts to cut prices and freshen merchandise yielded results, while its quarterly profit received a nearly $1 billion boost from tariff refunds
** Forty analysts rate "hold" on average; median PT is $159.5 - data compiled by LSEG
     
PICKING UP WHERE IT LEFT OFF
** J.P. Morgan ("overweight," PT: $157) says co continues to execute well, benefiting from resilient higher-income consumer spending and general merchandise strength that is driving traffic
** RBC Capital Markets ("outperform," PT: $178) says Target exceeded elevated expectations, adding to evidence that its turnaround strategy is resonating with consumers, and boosting confidence in its ability to sustain sales momentum and grow earnings through 2027
** Piper Sandler ("neutral," PT: $153) says co's improving fundamentals are encouraging, but it remains cautious on the sustainability of strong comparable sales growth and margin expansion through 2027, especially as comparisons become tougher
** Telsey Advisory Group ("outperform," PT: $182) says it was encouraged by co's broad-based sales growth, driven by higher traffic, strength across stores and digital channels, and momentum in higher-margin businesses
     
     

(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))