tgt stock
Archived — this story has rotated out of today’s deck. It is kept here in full.
The gist
Target stock hit a 52-week high of $156.47 on Aug. 13, up 56% YTD. Q2 earnings due Aug. 19 will test whether the rally holds.
Background
Target's stock has surged over 50% this year as investors bought into the turnaround plan under new CEO Michael Fiddelke, who took over in February. The rally has pushed the stock above Wall Street's average price target, and analysts have been raising their targets ahead of the Q2 earnings report. The key question is whether Target can deliver results that justify the high expectations, especially given a cautious US consumer.
How it unfolded
- Feb 2026Michael Fiddelke became CEO of Target, initiating a turnaround plan.
- Aug 13, 2026TGT stock touched a new 52-week high of $156.47.
- Aug 14, 2026Shares closed at $154.48, up 53.7% YTD.
- Aug 17, 2026Analysts raised price targets; Telsey set $170, Truist and Deutsche Bank also raised. Stock fell 1.41% as investors took profits.
- Aug 19, 2026Target reports Q2 earnings before market open; consensus EPS $2.30, revenue $26.1B.
Who’s saying what
- Analysts
- Consensus rating is 'Moderate Buy' with price targets up to $180, implying nearly 20% upside.
- Caution
- Some analysts caution the rally may have gone too far, and the recovery could involve setbacks.
- Public
- Retail sentiment on Stocktwits is 'extremely bullish' with message volume up 300% over the past week.
Still unverified
Pzena Investment Management's $49 million purchase of TGT is based on a single source (Barchart) and not independently confirmed.