Target/$TGT

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About Target

Target's start dates back to 1962, but now it is one of the largest discount retailers in the United States (where it derives all of its sales), operating just under 2,000 stores and generating over $104 billion in fiscal 2025 sales. The company offers a broad assortment of merchandise across categories including apparel and accessories (16% of fiscal 2025 revenue), beauty and household essentials (30%), food and beverage (24%), hardlines (15%), as well as home furnishings (15%). Target's model is anchored in its physical store base, which fulfills more than 97% of sales. Around 30% of sales are derived from its own private-label brands.
Ticker
$TGT
Primary listing
NYSE
Employees
415,000

Target Metrics

BasicAdvanced
$72B
16.46
$9.64
0.99
$4.58
2.92%

What the Analysts think about Target

Analyst ratings (Buy, Hold, Sell) for Target stock.
Analyst projections of the future price of Target stock.

Bulls say / Bears say

Target’s turnaround is showing early traction: second-quarter comparable sales rose 3.8%, traffic rose 3.6%, and management lifted full-year sales-growth guidance to around 5%. The improvement followed a 5.6% comparable-sales gain in the first quarter, suggesting the recovery is becoming more than a one-quarter event. (Target, AP News)
Digital and higher-margin ancillary businesses are growing faster than the core store base. Second-quarter digital comparable sales rose 8.7%, same-day delivery grew by more than 25%, and non-merchandise sales increased by more than 20% through businesses such as Roundel, Target Circle 360 and Target Plus. (Target, Target)
Target is investing heavily in stores that support both shopping and fulfilment. Its plan for more than 130 remodels and 30 new stores in 2026 could improve assortment, convenience and productivity, while the company says remodelled locations typically deliver a low- to mid-single-digit sales lift. (Target, Target)
The headline earnings rebound overstates the underlying improvement. Target booked a $994 million tariff refund in the second quarter, worth $1.65 per share; excluding it, full-year operating-margin guidance is only about 50 basis points above 2025’s adjusted rate. (Target, CNBC)
The recovery is not yet broad enough to prove a durable turnaround. Target says apparel and home still need substantial work, while analysts remain cautious about whether recent sales growth represents lasting market-share gains rather than a short-term improvement. (CNBC, AP News)
The turnaround carries a high cost base that could limit operating leverage. Target plans roughly $5 billion of 2026 capital spending, while second-quarter capital expenditure rose 27% and the SG&A rate increased as compensation and investment spending grew. (Target, Target)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.

Target Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Target Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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