Target launches Beauty Studio in 600+ stores with 90 new brands

Target Beauty Studio launches Sept. 10 in more than 600 stores and online. Features 1,600 products from 90 prestige, emerging and global brands. More than two-thirds of the brands are new to Target. Includes dedicated Beauty Advisors and exclusive Target Circle offers.

Target raises full-year guidance as analysts boost price targets

Target shares hit a 52-week high of $163.96 after Q2 results beat estimates and full-year guidance was raised. Net sales reached $26.539 billion, up 5.3% YoY, while adjusted EPS came in at $2.46 vs $2.33 consensus. Full-year sales guidance increased to $110.02 billion and EPS range lifted to $9.90-$10.90. Gross margin expanded to 33.7%, aided by a $994 million pre-tax tariff refund benefit. Multiple analysts raised price targets, with Telsey Advisory Group setting the highest at $182.

KeyBanc maintains Sector Weight rating on Target

KeyBanc analyst Bradley B. Thomas reiterated a Sector Weight rating on Target (NYSE: TGT). The move maintains the firm's neutral outlook on the retailer, with no changes to the previous recommendation.

Target raises FY26 GAAP EPS guidance to $9.90-$10.90 vs $8.39 est

Target Corp raised its fiscal year 2026 GAAP earnings per share guidance from $8.50 to a range of $9.90 to $10.90, significantly exceeding the analyst estimate of $8.39. The retailer also increased its full-year sales guidance to $110.019 billion, surpassing the previous estimate of $108.971 billion and market expectations of $109.096 billion. This upgrade reflects strong operational performance and demand.

Target Q2 earnings preview: analysts raise targets ahead of report

Target Corp (NYSE: TGT) is set to report Q2 earnings on August 19, with analysts expecting EPS of $2.33 and revenue of $26.13 billion. The stock has gained over 50% YTD, closing at $152.48. Key analysts including Jefferies and Telsey Advisory Group have raised price targets to $177 and $170 respectively, citing strong trends. Prediction markets highlight high probabilities for discussions on Beauty partnerships and Target Plus growth.

BofA raises Target estimates but keeps Underperform rating

Bank of America raised its fiscal 2027 EPS estimate for Target to $8.46 and price target to $124, citing margin expansion and traffic gains, but maintained an Underperform rating due to valuation concerns. The analyst expects Q2 adjusted EPS of $2.34, beating consensus, while noting that rising traffic suggests potential market share gains from Walmart.