Target (NYSE:TGT) Stock Analysis: Price Target Raised Amid Q1 Earnings Anticipation

Font: Financial Modeling Prep  • May 15, 2026

• Telsey Advisory raised its price target for Target (NYSE:TGT) to $148, maintaining an "Outperform" rating, signaling strong investment confidence.
• Analysts project Target's Q1 earnings at $1.35 per share and revenues at $24.28 billion, despite a slight 0.3% downward revision in consensus estimates.
• Technical analysis indicates a "hammer pattern" for Target stock, suggesting a potential reversal from recent declines, with its market capitalization currently at $55.18 billion.

Target (NYSE:TGT) is a leading American general merchandise retailer, operating stores across the United States. The company offers a wide range of products, from clothing and electronics to groceries. It competes with other large retailers like Walmart and Costco for robust consumer spending.

On May 15, 2026, Telsey Advisory showed confidence in Target by raising its price target to $148 from $145. The firm kept its "Outperform" rating, suggesting the stock may perform better than the overall market. At the time, Target's shares were priced at $121.93.

This positive investment outlook comes as the company prepares for its upcoming Q1 earnings report. Analysts forecast earnings of $1.35 per share, a 3.9% increase from last year. Projected revenues are also expected to grow by 1.8% to $24.28 billion, indicating steady business performance.

However, the consensus earnings estimate has been revised down by 0.3% in the last month. As highlighted by Zacks Equity Research, such revisions can influence short-term stock prices. Still, the broader retail sector performance shows positive momentum, helped by resilient consumer spending.

A stock technical analysis, as highlighted by FXEmpire, notes that Target's stock formed a "hammer pattern." This chart formation often suggests that a recent price decline may be ending. The stock's 52-week range is between $83.44 and $133.10, with a current market capitalization of $55.18 billion.