HSBC raises Target stock target to USD 190.00 from USD 125.00

Published on 10/19/2026 at 10:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC lifted its Target target to USD 190.00 from USD 125.00 on September 30, 2026. Target stock costs EUR 138.10 on October 19, 2026.

Turnaround evidence and calendar dates

HSBC raised its target to USD 190.00 from USD 125.00 on September 30, 2026.
Target's second-quarter fiscal 2026 revenue reached USD 26.54 billion, up 5.30 percent year over year.
Target stock trades at EUR 138.10 at 10:00 a.m. CEST at Lang & Schwarz on October 19, 2026.
The next ex-dividend date is November 10, 2026, for a USD 1.16 quarterly dividend.

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Target (ISIN US87612E1064) stock is priced at EUR 138.10 at Lang & Schwarz on October 19, 2026 at 10:00 a.m. CEST. HSBC upgraded Target to Buy and raised its price target to USD 190.00 from USD 125.00 on September 30, 2026, according to ADVFN.

HSBC sees traffic-led recovery

HSBC analyst Joe Thomas based the upgrade on stronger comparable sales and customer traffic after Target's second-quarter fiscal 2026 results. The bank said the recovery was being driven by increased visits rather than higher average transaction values, while its estimates required only 0.50 percent two-year comparable sales growth in the second half to support its forecast, ADVFN reported.

The valuation case still carries a clear qualification. Target's second-quarter results included USD 994.00 million of tariff refunds, which contributed USD 1.65 to diluted earnings per share. HSBC therefore linked its higher target to improving traffic and the possibility of earnings exceeding forecasts, rather than to the refund alone.

Three milestones frame the story

Target reported second-quarter fiscal 2026 results on August 19, 2026, with revenue of USD 26.54 billion, up 5.30 percent year over year, and adjusted diluted earnings per share of USD 4.11 versus USD 2.05 a year earlier, according to Zacks. Target had raised its fiscal 2026 adjusted earnings-per-share guidance to USD 9.90-10.90.

Target lowered prices on nearly 2,000 home and apparel products on September 29, 2026, according to the company release carried by ADVFN. The move added a customer-value element to the turnaround narrative, but the next results will test whether traffic gains can continue without one-time tariff benefits.

Which dates matter next?

Target's next quarterly report is listed for November 18, 2026, according to Simply Wall St. The next ex-dividend date is November 10, 2026, and the USD 1.16 dividend is scheduled for payment on December 1, 2026, according to Finam.

Price stays tied to the euro quote

Target stock was trading at EUR 138.10 at Lang & Schwarz on October 19, 2026 at 10:00 a.m. CEST. The primary listing is on the NYSE, where the stock was last quoted at USD 154.24 on October 16, 2026; its market capitalization was USD 70.1 billion and its 52-week range was USD 83.44 to USD 170.75.

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