Target Stock: Analyst Estimates & Ratings

Minneapolis, Minnesota-based Target Corporation (TGT) is a leading American general merchandise retailer. Valued at $67.1 billion by market cap, the company operates more than 2,000 stores across all 50 U.S. states and the District of Columbia, offering a broad assortment of merchandise, including apparel, beauty products, household essentials, electronics, furniture, groceries, toys, and seasonal goods.

Shares of this retail giant have outperformed the broader market over the past year. TGT has gained 82.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 12.2%. In 2026, TGT stock is up 70.5%, surpassing the SPX’s 10.3% rise on a YTD basis.

Zooming in further, TGT has also outpaced the VanEck Retail ETF (RTH), which has gained about 12.3% over the past year and 13.6% gains in 2026.

On Oct. 22, TGT shares popped 3.8% after the company unveiled the completed transformation of its Target SoHo store in New York City, introducing an immersive, design-focused shopping experience across its home, wellness, toys, and food and beverage categories. The revamped lower level features interactive shopping destinations, including shoppable home displays, expanded wellness and Korean beauty offerings, an experiential toy section, and a New York-inspired food market. The initiative aims to strengthen Target's brand appeal by making everyday shopping more engaging and discovery-driven while showcasing its exclusive brands and emerging merchandise partners.

For the current fiscal year, ending in January 2027, analysts expect TGT’s EPS to grow 17.7% to $8.91 on a diluted basis. The company’s earnings surprise history is solid. It beat the consensus estimate in each of the last four quarters, which is impressive.

Among the 34 analysts covering TGT stock, the consensus is a “Moderate Buy.” That’s based on 10 “Strong Buy” ratings, three “Moderate Buys,” 18 “Holds,” one “Moderate Sell,” and two “Strong Sells.”

This configuration is more bullish than a month ago, when nine analysts suggested a “Strong Buy” suggestion.

On Sept. 30, HSBC upgraded Target to “Buy” from “Hold” and raised its price target to $190 from $125, citing stronger customer traffic, improved earnings guidance, and significant earnings-recovery potential. Analyst Joe Thomas based the revised target on an 18x multiple of his FY2027 EPS estimate of $10.61, in line with Target’s five-year average P/E ratio. 

While TGT currently trades above its mean price target of $164.57, the Street-high price target of $190 suggests a notable upside potential of 14.5%.

On the date of publication, Kritika Sarmah did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.