With a 5-year average dividend growth rate of 10.95%, Target Corporation (NYSE:TGT) is included among the 14 Best Dividend Stocks to Buy for Steady Growth.
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On May 12, Wells Fargo raised its price recommendation on Target Corporation (NYSE:TGT) to $140 from $135. It reiterated an Overweight rating on the shares. The firm said the setup around Target looked encouraging, with the potential for Q1 upside and a possible guidance increase, especially on sales.
The same day, Barclays analyst Seth Sigman raised the firm’s price goal on Target to $115 from $108. It kept an Underweight rating on the stock. Barclays said it sees Target “getting back to the baseline” following the sales and margin reset in 2025.
On May 10, CNBC reported that Target is expanding its baby category as part of a broader push to bring families back into stores and improve sales growth under CEO Michael Fiddelke. The retailer has launched “baby boutiques” in around 200 stores. These sections feature premium brands, display models of strollers and car seats, and nearly 2,000 new baby products.
Chief Merchandising Officer Cara Sylvester said families with young children tend to spend more and shop more frequently than the average customer, making them an important group for the company. Target also believes stronger connections with parents can help increase sales in groceries, apparel, and household essentials. The expansion comes as Target deals with rising competition from Walmart and Amazon, while its share of the U.S. baby retail market has slipped in recent years. Even with lower birth rates in the U.S., the company still views the baby category as an important part of building long-term customer loyalty and supporting its broader turnaround efforts.
Target Corporation (NYSE:TGT) is a general merchandise retailer that sells products through its stores and digital platforms. The company offers everyday essentials and differentiated merchandise at discounted prices to its customers, whom it refers to as guests.
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