Analysts Bump Up Price Targets on Target Corporation (TGT)

With an annual dividend yield of 3.53%, Target Corporation (NYSE:TGT)  is included among the 10 Best Fortune 500 Dividend Stocks to Invest in Right Now.

Analysts Bump Up Price Targets on Target Corporation (TGT)

Ken Wolter / Shutterstock.com

Target Corporation (NYSE:TGT) operates as a general merchandise retailer in the United States.

On April 21, Evercore ISI bumped up its price target on Target Corporation (NYSE:TGT) from $120 to $125, while keeping an ‘In Line’ rating on the shares. However, the raised target still reflects a downside of 3% from the current price levels.

Similarly, the analysts over at Guggenheim also turned more bullish on Target Corporation (NYSE:TGT) on April 20, raising their price target on the stock by $10 while reiterating its ‘Buy’ rating (read more details here).

Target Corporation (NYSE:TGT) expects an adjusted EPS in the range of $7.50 to $8.50 for FY 2026, indicating a YoY growth of 5% to 6%. The company is targeting to grow its net sales in a range of around 2% versus last year, and its operating margin is expected to be approximately 20 basis points higher than the 4.6% adjusted rate delivered in 2025.

Target Corporation (NYSE:TGT) also announced to spend $2 billion in incremental investment across the business this year, “including an additional $1 billion in CapEx to support new stores and remodels and another $1 billion to elevate the guest experience”. The company also revealed plans to open more than 30 new stores this year and over 300 new stores by 2035.

While we acknowledge the risk and potential of TGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TGT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Nuclear Energy Stocks to Buy for Dividends and 10 Best Global Stocks to Buy According to Wall Street Analysts

Disclosure: None. Follow Insider Monkey on Google News.