Target Corp (NYSE:TGT) reported better-than-expected earnings for the second quarter on Wednesday.
The company posted quarterly earnings of $2.46 per share which beat the analyst consensus estimate of $2.33 per share. The company reported quarterly sales of $26.539 billion which beat the analyst consensus estimate of $26.141 billion.
Target raised its 2026 net sales growth outlook to about 5% and expects an operating margin of about 6%. The margin forecast includes about 90 basis points of benefit from second-quarter tariff refunds.
The company raised its sales guidance to $110.02 billion from $108.97 billion, beating the $109.10 billion analyst estimate.
Target raised both GAAP and adjusted EPS guidance to $9.90-$10.90 from $7.50-$8.50. The GAAP outlook is above the $8.39 analyst estimate, while the adjusted EPS forecast is above the $8.50 estimate.
Target shares rose 0.2% to trade at $159.40 on Thursday.
These analysts made changes to their price targets on Target following earnings announcement.
- Guggenheim analyst John Heinbockel maintained the stock with a Buy and raised the price target from $150 to $175.
- RBC Capital analyst Steven Shemesh maintained the stock with an Outperform rating and raised the price target from $166 to $178.
- DA Davidson analyst Michael Baker maintained the stock with a Buy and boosted the price target from $170 to $185.
- TD Cowen analyst Oliver Chen maintained the stock with a Hold and raised the price target from $155 to $160.
- Evercore ISI Group analyst Greg Melich maintained the stock with an In-Line rating and raised the price target from $150 to $170.
- Wells Fargo analyst Edward Kelly maintained the stock with an Overweight rating and raised the price target from $165 to $185.
- Piper Sandler analyst Peter Keith maintained the stock with a Neutral and lifted the price target from $146 to $153.
Considering buying TGT stock? Here’s what analysts think:
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