Target shares rise as investors refocus on Q1 beat, raised outlook, and follow-on analyst target hikes

Target Corporation (TGT) is up 4.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to continued digestion of Target’s upbeat Q1 results and higher full-year outlook, which improved confidence in its turnaround narrative. Recent analyst price-target increases may also be reinforcing sentiment after last week’s earnings volatility.

Details:

Target reported first-quarter results that topped expectations, helping investors look past near-term retail noise and focus on improving trends.

The company raised its full-year outlook, including a higher sales growth forecast, signaling better momentum than in prior periods.

Target highlighted strength in digital performance, including faster same-day delivery growth tied to its Circle 360 membership push.

Management emphasized growth in higher-margin revenue streams such as Roundel advertising and the Target Plus marketplace, alongside lower markdown pressure.

Sources:

Target Investor Relations, Target (earnings call transcript), StreetInsider

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$TGT Insider Trading Activity

$TGT insiders have traded $TGT stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $TGT stock by insiders over the last 6 months:

MATTHEW A LIEGEL (Chief Accounting Officer) sold 2,053 shares for an estimated $240,593

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$TGT Hedge Fund Activity

We have seen 908 institutional investors add shares of $TGT stock to their portfolio, and 913 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. added 3,138,056 shares (+9.0%) to their portfolio in Q1 2026, for an estimated $375,844,967
FMR LLC added 3,105,274 shares (+18.5%) to their portfolio in Q1 2026, for an estimated $371,918,666
FRANKLIN RESOURCES INC removed 3,099,531 shares (-50.0%) from their portfolio in Q1 2026, for an estimated $371,230,827
CHARLES SCHWAB INVESTMENT MANAGEMENT INC removed 3,057,726 shares (-17.9%) from their portfolio in Q1 2026, for an estimated $366,223,843
TOMS CAPITAL INVESTMENT MANAGEMENT LP removed 2,635,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $315,593,950
BALYASNY ASSET MANAGEMENT L.P. added 2,525,279 shares (+2995.2%) to their portfolio in Q1 2026, for an estimated $302,452,665
CITADEL ADVISORS LLC added 2,111,449 shares (+306.3%) to their portfolio in Q1 2026, for an estimated $252,888,246

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$TGT Analyst Ratings

Wall Street analysts have issued reports on $TGT in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Argus Research issued a "Buy" rating on 12/01/2025

To track analyst ratings and price targets for $TGT, check out Quiver Quantitative's $TGT forecast page.

$TGT Price Targets

Multiple analysts have issued price targets for $TGT recently. We have seen 24 analysts offer price targets for $TGT in the last 6 months, with a median target of $130.0.

Here are some recent targets:

Joseph Feldman from Telsey Advisory Group set a target price of $150.0 on 05/21/2026
Michael Baker from DA Davidson set a target price of $155.0 on 05/21/2026
Scot Ciccarelli from Truist Securities set a target price of $130.0 on 05/21/2026
Kate McShane from Goldman Sachs set a target price of $127.0 on 05/21/2026
Steven Shemesh from RBC Capital set a target price of $153.0 on 05/21/2026
Peter Keith from Piper Sandler set a target price of $127.0 on 05/21/2026
Peter Benedict from Baird set a target price of $135.0 on 05/21/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.