Argus Remains Bullish on Target (TGT) as it Increases PT

With an annual dividend yield of 3.62% as of May 29, Target Corporation (NYSE:TGT) is included among the Dividend Aristocrats Ranked By Yield: Top 10 Stocks. 

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On May 22, Argus raised its price recommendation on Target Corporation (NYSE:TGT) to $150 from $145. It reiterated a Buy rating on the shares. The firm said the stock remains attractively valued, pointing to its roughly 3.7% dividend yield and meaningful upside to the new price target. Argus also believes the company’s new management team has a clear roadmap to invest in the business and make its merchandise more compelling. In a research note, the analyst noted that Target has increased its dividend for 54 consecutive years and is expected to extend that streak to 55 years in fiscal 2027.

Also on May 22, Roth Capital raised its price goal on Target to $114 from $88 while maintaining a Neutral rating. The firm said the company delivered a strong first-quarter performance, with comparable sales and earnings coming in ahead of expectations. Target also raised its FY26 guidance. Roth noted that two concerns remain. First, SG&A expenses continue to outpace the surprise growth in revenue. Second, Q1 may have been a Goldilocks quarter, benefiting from the easiest comparison period and a favorable environment for discretionary spending. The analyst added that Target’s performance could slow in the coming quarters as comparisons become more difficult and fuel prices move higher.

Target Corporation (NYSE:TGT) is a general merchandise retailer that sells products through its stores and digital channels. The company offers guests a range of differentiated merchandise and everyday essentials at discounted prices.

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