DA Davidson Raises PT on Target (TGT) Stock

Target Corporation (NYSE:TGT) is one of the Best Undervalued Stocks to Buy According to the Financial Media. On May 21, DA Davidson analyst Michael Baker lifted the firm’s price objective on the company’s stock to $155 from $140 and kept a “Buy” rating on the shares. As per the analyst, Target Corporation (NYSE:TGT)’s Q1 results reflect early signs of a potentially strong retail turnaround story. This is backed by the revamped merchandise excellence and improvement in operations.

DA Davidson Raises PT on Target (TGT) Stock

Target Corporation (NYSE:TGT) saw net sales of $25.4 billion in Q1 2026, reflecting an increase of 6.7% compared to the prior year, amidst 6.4% rise in merchandise sales and 24.6% growth in non-merchandise sales. In Q1 2026, capital expenditures came in at $1.0 billion, implying 31% growth relative to the last year, mainly due to the higher investments in new stores and store remodels.

For FY 2026, the company expects net sales growth of ~4% YoY, implying an increase of 2 percentage points compared to the prior range.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer.

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.

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