Guggenheim Lifts Target (TGT) PT, Sees Turnaround Gaining Traction

Target Corporation (NYSE:TGT) is included among the 10 Best Dividend Aristocrat Stocks to Buy in 2026.

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On April 20, John Heinbockel at Guggenheim Partners raised the price recommendation on Target Corporation (NYSE:TGT) to $140 from $130. It reiterated a Buy rating on the shares. The analyst said year-to-date outperformance has “eliminated the turnaround’s ‘free look,’ but the surprisingly sturdy top-line inflection has bolstered its probability.” He also raised Q1 EBIT and EPS estimates to “Street-high levels” to reflect stronger top-line momentum.

On April 21, Target announced a limited-time collaboration with Parke, a premium brand that has gained traction with Gen Z for its community-first approach and focus on elevated essentials. Parke builds its collections by listening closely to its audience. It uses direct feedback to shape each piece, from what customers like to what they feel is missing from their wardrobes. The result is a product line designed to feel personal and reflective of how customers want to present themselves.

The Parke x Target collection will launch on Saturday, April 25, on Target.com and in select Target stores. It will include nearly 60 items across women’s apparel and accessories, along with a new category for the brand.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer, selling through both physical stores and digital channels. It offers everyday essentials alongside more differentiated, fashion-focused products, positioning them at accessible price points for its customers, referred to as guests.

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