Target stock: Evercore ISI cuts its target to USD 165.00 for Target stock
Published on 10/20/2026 at 16:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Evercore ISI lowered its Target price target from USD 170.00 to USD 165.00 on October 13, 2026.
- Target reports third-quarter 2026 results on November 18, 2026, before the market opens.
- Target stock costs EUR 137.90 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST.
- Second-quarter net sales reached USD 26.54 billion, up 5.30 percent year over year.
Evercore ISI lowered its price target for Target from USD 170.00 to USD 165.00 on October 13, 2026, according to MarketScreener. At the latest NYSE quote of USD 155.18 on October 20, 2026, the revised target stood 6.33 percent above the US share price. Target stock was trading at EUR 137.90 at Lang & Schwarz on October 20, 2026 at 4:32 p.m. CEST.
Sales growth meets a one-off boost
Target's second-quarter fiscal 2026 net sales reached USD 26.54 billion for the period ended August 1, 2026, up 5.30 percent from USD 25.21 billion a year earlier. Comparable sales increased 3.80 percent after declining 1.90 percent in the prior-year quarter, according to Ticker Scout.
Net earnings rose to USD 1.88 billion from USD 935.00 million, while diluted earnings per share increased to USD 4.11 from USD 2.05. The quarter included a USD 994.00 million pretax tariff refund, which helped lift the reported result and is an important qualification for investors assessing the underlying earnings trend.
Valuation and November dates
Target's trailing price-to-earnings ratio was 16.13 on October 20, 2026, with a market capitalization of USD 70.5 billion. The stock's 52-week range was USD 83.44 to USD 170.75, placing the latest NYSE quote 9.12 percent below its yearly high.
Target's next earnings report is scheduled for November 18, 2026, before the market opens, according to MetaCap. The same release calendar gives investors a near-term test of whether the sales recovery can continue without another tariff-related benefit.
What does the lower target mean?
The Evercore ISI revision leaves its USD 165.00 target above the latest USD 155.18 NYSE quote, but the reduction from USD 170.00 narrows the valuation cushion. Target's second-quarter sales growth was stronger than the 0.90 percent decline reported for the comparable quarter of fiscal 2025, while the reported earnings comparison was affected by the tariff refund.
Target valuation in context
Target traded at a trailing price-to-earnings ratio of 16.13 and carried a market capitalization of USD 70.5 billion on October 20, 2026. Walmart traded at a price-to-earnings ratio of 43.17 and a market capitalization of USD 948.5 billion, while Costco traded at 48.13 and USD 443.1 billion, respectively, on the same date.
Price and upcoming results
The revised analyst target, the November reporting date and the 52-week range give Target investors three separate reference points. The next quarterly figures will show whether comparable sales growth can hold after the one-off tariff benefit fades.
The further course of trading is shown by the continuously updated real-time quote of Target stock.
Target Corporation stock facts
- Company: Target Corporation
- ISIN: US87612E1064
- Ticker: TGT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 4:32 p.m. CEST): EUR 137.90
- Market capitalization: USD 70.5 billion (as of October 20, 2026)
- 52-week range: USD 83.44-170.75 (as of October 20, 2026)
- Sector / Industry: Consumer Defensive / Discount Stores
- Index membership: S&P 500
- Next earnings date: November 18, 2026
Market context: Market report S&P 500.
