Target Corporation stock reports stronger sales and higher guidance

Published on 10/06/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Target Corporation stock was trading at USD 154.31 on October 6, 2026, while Q2 revenue reached USD 26.54 billion. HSBC lifted its target to USD 190 from USD 125.

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Target Corporation stock was trading at USD 154.31 on the NYSE on October 6, 2026 at 11:19 a.m. ET, up 0.87 percent from the previous close of USD 152.99. The latest operating signal remains the company's second-quarter fiscal 2026 performance, which combined stronger sales with higher full-year earnings guidance.

Q2 earnings beat consensus

According to MarketBeat on September 7, 2026, Target reported Q2 revenue of USD 26.54 billion, up 5.3 percent year over year, and EPS of USD 4.11 versus the USD 2.35 consensus. The quarter ended August 1, 2026, and the earnings comparison also improved from USD 2.05 in the year-earlier quarter.

The company set fiscal 2026 EPS guidance at USD 9.90-10.90, while the same MarketBeat report cited current-year analyst expectations of USD 8.85. The gap between the guidance range and the consensus estimate gives Target room to demonstrate that the traffic recovery can translate into durable profit growth rather than a single-quarter improvement.

HSBC raises its price target

As Investor's Business Daily reported on September 30, 2026, HSBC analyst Joe Thomas upgraded Target to Buy from Hold and raised the price target to USD 190 from USD 125. The move followed the Q2 report and the retailer's continued price reductions across frequently purchased products.

Markets Insider reported on September 30, 2026, that Target had a Moderate Buy consensus among 28 analysts, based on 12 Buy, 14 Hold and two Sell ratings. The average target was USD 165.96, placing the published analyst view above the October 6 intraday price, while the distribution of ratings still showed a clear majority of Hold recommendations.

Stock remains below yearly high

Target's October 6 price stood USD 16.44 below the 52-week high of USD 170.75 and USD 70.87 above the 52-week low of USD 83.44. The USD 70.1 billion market capitalization and 660,600-share volume give the turnaround story a substantial valuation base as the company enters the holiday sales period.

Simply Wall St lists November 18, 2026 as Target's next earnings date. That report will put the USD 9.90-10.90 fiscal EPS range, the 5.3 percent Q2 revenue increase and the traffic-led recovery under a new test.

Target stock price and key data

Target Corporation stock was last trading at USD 154.31 on the NYSE on October 6, 2026 at 11:19 a.m. ET. The stock was up 0.87 percent from the prior close.