HSBC raises target for Target stock to USD 190

Published on 10/09/2026 at 16:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 26.54 billion, up 5.30 percent year over year. Target stock costs EUR 137.50 on October 9, 2026.

Key points in brief

HSBC upgraded Target from Hold to Buy and raised its price target from USD 125 to USD 190 on October 3, 2026.
Second-quarter revenue reached USD 26.54 billion, up 5.30 percent year over year, while adjusted earnings per share included a USD 1.65 tariff-refund benefit.
Target stock was at EUR 137.50 at Lang & Schwarz on October 9, 2026 at 4:09 p.m. CEST.
Target trades on the NYSE under ticker TGT, with a market capitalization of USD 69.7 billion and a 52-week range of USD 83.44 to USD 170.75.

Schwarzweiß-Dokumentarfoto einer belebten Einzelhandelsfiliale mit Kunden und Einkaufswagen — Schwarzweiß-Reportagefoto dokumentiert belebten Filialalltag bei Target Corp., ISIN US87612E1064, mit Kunden und Mitarbeitern beim Einkaufen, Illustration mit AI erstellt.

HSBC upgraded Target from Hold to Buy and raised its price target from USD 125 to USD 190 on October 3, 2026, according to GuruFocus. Target stock was at EUR 137.50 at Lang & Schwarz on October 9, 2026 at 4:09 p.m. CEST. The HSBC move gives the retailer's turnaround story a much more bullish valuation reference, but the latest earnings also included a one-off tariff refund.

Three milestones shape the reset

On August 19, 2026, Target reported second-quarter revenue of USD 26.54 billion, up 5.30 percent from the year-earlier period, according to Zacks. Comparable sales rose 3.80 percent, compared with a 1.90 percent decline in the year-ago quarter.

On September 29, 2026, Target announced lower prices on nearly 2,000 household, apparel and accessory items, as Yahoo Finance reported. The company said it had lowered prices on more than 10,000 items over the previous 12 months, putting the strategy's margin trade-off at the center of the investment case.

On October 3, 2026, HSBC upgraded the stock from Hold to Buy and lifted its target by USD 65, a 52.00 percent increase from USD 125 to USD 190, according to GuruFocus. HSBC analyst Joe Thomas cited improving sales momentum while identifying Apparel and Home as areas that still require attention.

What does the earnings beat mean?

Target's adjusted earnings per share reached USD 4.11 in the second quarter, including a USD 1.65 per-share tariff-refund benefit, while earnings per share excluding that benefit rose 20.00 percent year over year to USD 2.46, Zacks reported on September 18, 2026. Operating income rose 94.40 percent year over year to USD 2.56 billion, but the refund contributed 3.70 percentage points to the operating margin.

Target raised fiscal 2026 adjusted earnings per share guidance to USD 9.90-10.90 from USD 7.50-8.50, with the midpoint increasing by USD 1.40. The company also expects fiscal 2026 net sales growth of 5.00 percent and an operating income margin rate of 6.00 percent, including a 0.90-percentage-point tariff-refund benefit, according to Zacks.

Upcoming dates and valuation

Target's next earnings report is scheduled for November 18, 2026, while the next ex-dividend date is November 10, 2026, according to MarketBeat. The quarterly dividend is USD 1.16 per share, equivalent to USD 4.64 on an annualized basis.

Target's market capitalization was USD 69.7 billion on October 9, 2026. Its 52-week range was USD 83.44 to USD 170.75, leaving the Lang & Schwarz euro quote below the upper end of the separately stated NYSE range without a direct currency comparison.

Target stock quote in euros

Target stock was at EUR 137.50 at Lang & Schwarz on October 9, 2026 at 4:09 p.m. CEST. The company is listed on the NYSE under ticker TGT, and the NYSE session was open when the primary-exchange quote was timestamped at 2:18 p.m. UTC on October 9, 2026.

The further course of trading is shown by the continuously updated real-time quote of Target stock.