Target lifts guidance after Q2 earnings beat

Target Corp (NYSE: TGT ) reported better-than-expected earnings for the second quarter on Wednesday. 33 per share. 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. 10 billion analyst estimate. 50. 50 estimate.

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: Photo via Shutterstock