Roth Capital Lifts Target (TGT) PT but Warns Q1 May Have Been a “Goldilocks” Quarter

With an annual dividend yield of 3.63%, Target Corporation (NYSE:TGT) is included among the 10 High Yield Stocks for Lasting Retirement Income.

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On May 22, Roth Capital raised its price recommendation on Target Corporation (NYSE:TGT) to $114 from $88. It reiterated a Neutral rating on the shares. The company posted a strong first-quarter comparable sales and earnings beat and also raised its FY26 guidance. The analyst noted that two key concerns still remain. One is that SG&A expenses continue to grow faster than the upside in revenue. The other is the possibility that Q1 represented a “Goldilocks” quarter, helped by the easiest comparisons and a favorable environment for discretionary spending. Roth added that Target’s performance could slow in the coming quarters as comparisons become tougher and fuel prices rise.

Also on May 22, Argus raised its price goal on TGT to $150 from $145. It maintained a Buy rating on the stock. The firm said the shares remain attractively valued, pointing to a dividend yield of roughly 3.7% and meaningful upside to the new price target. The analyst also said the company’s new management team has a clear roadmap to invest in the business and make its merchandise more appealing to customers. Target has increased its dividend for 54 consecutive years and is expected to extend that streak to 55 years in FY27, according to the research note.

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

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