Target Stock at All-Time High, Will The Rally Continue?

1 hour ago 2

Vandita Jadeja

Mon, June 15, 2026 astatine 7:39 AM CDT 4 min read

Quick Read

Target (TGT) deed an all-time precocious aft a 38% YTD surge, yet 24/7 Wall St. rates it a HOLD with 0% upside.
Target's Q1 EPS of $1.71 bushed estimates by 17%, integer comps jumped 9%, and absorption raised full-year income maturation guidance to 4%.
Recessionary user sentiment of 49.8 and ROIC declining from 15% to 12% underpin a carnivore script with downside to $115.
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Shares of Target (NYSE:TGT) conscionable punched done to a caller all-time precocious aft a singular six-month rebound. The banal closed astatine $132.64 connected June 11, 2026, capping a 38.33% year-to-date surge.

After a blowout Q1 study and raised guidance, the question shareholders are asking is simple: does the rally person different leg, oregon is this wherever it cools off? Our 24/7 Wall St. terms people for Target is $132.64 implicit the adjacent 12 months, implying the banal is trading close astatine just value. Our proposal is hold, with a assurance level of 90%.

24/7 Wall St. Price Target Summary

From the September 2025 Lows to a Fresh Record

Target has rallied 7.1% implicit the past week unsocial and 41.04% implicit the trailing year, climbing from a 52-week debased of $81.83 to a 52-week precocious of $132.96.

The catalyst was a standout Q1 FY2026 study connected May 20, 2026: EPS of $1.71 against a $1.4612 estimation (a 17.03% beat), gross of $25.44 cardinal up 6.7% YoY, and comparable income up 5.6% connected 4.4% postulation growth. Digital comps jumped 8.9% and absorption raised full-year income maturation guidance to astir 4%.

Why Bulls See a Breakout Ahead

The bull lawsuit rests connected momentum. All six halfway merchandising categories posted YoY maturation successful Q1, gross borderline expanded to 29% from 28.2%, and high-margin non-merchandise gross (Roundel ads, Target Circle 360, Target+ marketplace) grew astir 25%.

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CEO Michael Fiddelke called the 4th "stronger than expected" with the clarified strategy "driving broad-based growth." Retail income astatine the macro level conscionable deed $757.1 billion, a 12-month high, providing cardinal support. If Target prints adjacent the precocious extremity of its $7.50 to $8.50 EPS range, our interior bull script points to $139.27 wrong 12 months.

Guggenheim raised the firm's terms people connected Target to $145 from $140 and keeps a Buy standing connected the shares.

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