Target (NYSE:TGT) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Target (NYSE:TGT) had its price target hoisted by research analysts at Wells Fargo & Company from $115.00 to $130.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the retailer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 14.34% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Guggenheim boosted their price objective on shares of Target from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Roth Mkm set a $88.00 price target on shares of Target in a research note on Thursday, November 20th. Truist Financial raised their price objective on Target from $83.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday, November 20th. Sanford C. Bernstein lifted their price objective on Target from $80.00 to $91.00 and gave the stock an “underperform” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their target price on Target from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Thursday. Ten analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $107.24.

Target Stock Performance

Shares of NYSE TGT opened at $113.70 on Friday. The stock has a market cap of $51.48 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 11.58 and a beta of 1.14. The company has a current ratio of 0.97, a quick ratio of 0.27 and a debt-to-equity ratio of 0.99. Target has a 1-year low of $83.44 and a 1-year high of $127.06. The stock’s 50-day moving average is $107.74 and its 200 day moving average is $97.77.

Institutional Trading of Target

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGT. Vanguard Group Inc. raised its holdings in Target by 14.7% in the 2nd quarter. Vanguard Group Inc. now owns 51,444,338 shares of the retailer’s stock worth $5,074,984,000 after purchasing an additional 6,607,982 shares in the last quarter. Norges Bank bought a new stake in shares of Target during the 4th quarter valued at about $587,903,000. TOMS Capital Investment Management LP purchased a new position in shares of Target during the fourth quarter valued at about $257,571,000. AQR Capital Management LLC raised its stake in Target by 243.8% in the fourth quarter. AQR Capital Management LLC now owns 2,870,210 shares of the retailer’s stock worth $280,563,000 after buying an additional 2,035,298 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its stake in Target by 6,639.1% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,912,963 shares of the retailer’s stock worth $186,992,000 after buying an additional 1,884,577 shares in the last quarter. Hedge funds and other institutional investors own 79.73% of the company’s stock.

More Target News

Here are the key news stories impacting Target this week:

• Positive Sentiment: Wells Fargo raised its price target to $130 and reiterated an “overweight” rating, signaling a sizable upside vs. current levels and offering a strong analyst vote of confidence for the stock. Benzinga
• Positive Sentiment: Target announced it will sell only cereals made without certified synthetic colors by the end of May — a retailer-leading move that supports merchandising authority, ESG positioning, and could strengthen brand perception. PR Newswire
• Positive Sentiment: Target and Roller Rabbit will launch an exclusive spring collection (250+ items) to drive traffic and seasonal sales — a merchandising collaboration that may support comp trends if it resonates with customers. PR Newswire
• Neutral Sentiment: JPMorgan raised its price target to $115 but kept a “neutral” rating — a modest upward revision that offers some support but stops short of a bullish endorsement. Benzinga TickerReport
• Neutral Sentiment: Zacks commentary and multiple analyst pieces flag Target as a “trending” / value candidate ahead of results — useful for investors evaluating relative valuation and estimates but not an immediate catalyst. Zacks
• Negative Sentiment: Bank of America initiated coverage with an “underperform” rating and $103 price target — a fresh analyst downside that adds selling pressure and gives investors a lower-conviction view. Finviz
• Negative Sentiment: Sanford C. Bernstein cut its price target to $91 and kept an “underperform” stance, representing a material downside and reinforcing a segment of analyst skepticism about near-term performance. Benzinga
• Negative Sentiment: Reuters reports growing investor agitation and leadership scrutiny tied to merchandising and policy decisions over the past three years — governance concerns can pressure the stock if activists push for changes or if execution missteps persist. Reuters

About Target

Target Corporation (NYSE: TGT) is a U.S.-based general merchandise retailer headquartered in Minneapolis, Minnesota. The company operates a network of full-line and small-format stores across the United States alongside a national e-commerce platform and mobile app. Target’s retail assortment spans apparel, home goods, electronics, groceries and household essentials, plus beauty, baby and pet categories. The firm complements national brands with a portfolio of owned and exclusive labels and partnerships that help differentiate its merchandise assortment.

Target traces its roots to the Dayton Company, founded by George Dayton in 1902; the Target discount chain was launched in 1962 and the parent company later adopted the Target Corporation name.