Guggenheim Rates Target (TGT) buy, $145 Price Target
Guggenheim continues to back Target with a buy rating and a $145 price target, a 9.70% upside from the current price.
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Guggenheim rated Target Corporation ($TGT) "buy" with a $145 price target on June 12, 2026.
Since the rating, $TGT is down 4.1% after 1 week, down 0.3% after 1 month and up 14.9% to date (from the $134.20 close on Jun 12, 2026).
TGT
Target Corporation
Key Points
- Guggenheim has reiterated its buy rating on Target Corporation (NYSE: TGT) with a price target of $145.00 as of June 12, 2026.
- Target shares closed at $132.18 on the day of the announcement, providing a potential upside of about 9.7% to the new target.
- The company is set to report its next earnings on November 18, 2026, after generating $107.7 billion in revenue for the last year.
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Guggenheim's Continued Support for Target
Guggenheim has reiterated its buy rating on Target Corporation (NYSE: TGT) with a price target of $145.00 as of June 12, 2026. This decision comes as Target's stock closed at $132.18 on that day, suggesting a potential upside of about 9.7% to the target price.
Analysts Set New Price Targets
This rating reflects Guggenheim's confidence in Target's business model amid a competitive retail environment. Other analysts have also been active with their ratings. For example, on October 13, Evercore ISI Group maintained an In-Line rating with a target of $165.00, down from $170.00. Meanwhile, HSBC upgraded Target to a Buy with a target of $190.00 on September 30, indicating growing optimism from multiple fronts.
Stock Performance Insights
Target's shares have been fluctuating, with a 52-week low of $83.44 and a high of $170.75. The stock trades below its 200-day moving average of $131.35, which may signal a buying opportunity for some investors. With a P/E ratio of 16.3, Target is positioned in a solid range compared to its peers in the consumer defensive sector.
$TGT price target
Target Corporation daily closes and this analyst's $145 target. Not advice.
Recent Earnings
In the last fiscal year, Target generated approximately $107.7 billion in revenue, with a net margin of 4.08% and an ROE of 26.4%. This performance showcases the company's ability to maintain profitability despite market fluctuations. Target is expected to report its next earnings on November 18, 2026, which will be closely watched by analysts and investors alike.
What Target Corporation Does
Target Corporation is a major retailer based in Minneapolis, Minnesota. It sells a wide variety of products, including clothing, electronics, groceries, and household essentials through both physical stores and online channels. This broad product offering helps Target attract diverse customer segments, contributing to its stable revenue stream.
What's Ahead for Target Corporation
As Target prepares for its upcoming earnings report, investors will be keen to see how the company performs in the current economic climate. Guggenheim's continued support adds a layer of confidence, but the market will be watching closely for any changes in consumer behavior and the overall retail landscape.
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Source: Guggenheim's rating change on $TGT (Jun 12, 2026). Written by software, not financial advice. How we make alerts