Target (TGT) option IV elevated into quarter results

Target (TGT) PT Raised to $195 at Telsey

Telsey analyst Joseph Feldman raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Outperform rating.

The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 EPS guidance. The company... More

Target (TGT) PT Raised to $192 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the price target on Target (NYSE: TGT) to $192.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "TGT is currently up ~13% (vs. the S&P 500 at +0.3%) after its 2Q beat and revised FY24 guidance. The company's... More

Target (TGT) PT Raised to $195 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Buy rating.

The analyst comments "TGT's 2Q top-and bottom-line results came in ahead of Street ests. TGT returned to positive comp growth driven by improving traffic... More

DA Davidson Reiterates Buy Rating on Target (TGT)

DA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "In one of the more surprising prints so far in big box earnings season, Target pivoted back to its winning ways, beating 2Q... More

Telsey Reiterates Outperform Rating on Target (TGT)

Telsey analyst Joseph Feldman reiterated an Outperform rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 profit guidance. The company reported 2Q24 EPS of $2.57, well ahead of our estimate of $2.19 and the FactSet consensus (FS) of $2.18, with a comp of 2.0% vs. our... More

BMO Capital Reiterates Market Perform Rating on Target (TGT)

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $145.00 price target on Target (NYSE: TGT).

The analyst comments "TGT's F2Q25 was better than expectations on comps of 2% y/y vs. 1% expectations and gross margin upside. FY25 EPS guidance was... More

Goldman Sachs Reiterates Buy Rating on Target (TGT)

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $191.00 price target on Target (NYSE: TGT).

The analyst comments "TGT reported 2Q24 EPS of $2.57, above GS/consensus (Refinitiv) of $2.34/$2.18. SSS came in at +2.0%, vs. consensus of +1.2%, with an increase in traffic (+3.0%)... More

JPMorgan Reiterates Neutral Rating on Target (TGT)

JPMorgan analyst Christopher Horvers reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).

The analyst comments "Overall, TGT posted strong results, with $2.57 of EPS well ahead of our $2.24 and the Streets $2.19 per Consensus Metrix, driven by better-than-expected sales growth and a gross margin beat. Comps came in at +2.0%, ahead of our... More

Morgan Stanley Reiterates Overweight Rating on Target (TGT)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT)

The analyst comments "1) That TGT can reinvigorate top-line while generating margin expansion, the crux of our OW thesis in '24, was evident in Q2'24, a nice improvement from Q1'24. Delivering these results amid a tougher quarter for the retail industry shows the power of: 1) the TGT brand, 2) its merchandising efforts, 3) recent price reductions driving sales, and 4)... More

Citi Reiterates Buy Rating on Target (TGT), 'we expect the stock to be up significantly'

Citi analyst Paul Lejuez reiterated a Buy rating and $180.00 price target on Target (NYSE: TGT)

The analyst comments "TGT beat EPS driven by sales and GM (and unlike in 1Q, SG&A was inline w/consensus). Despite some concerns a weak... More

Truist Securities Reiterates Hold Rating on Target (TGT)

Truist Securities analyst Scot Ciccarelli reiterated a Hold rating and $156.00 price target on Target (NYSE: TGT).

The analyst comments "Net/net Target posted its first comp growth in 5 quarters (albeit against the easiest comparisons it has faced in 15+ yrs) at +2.0% (2-year stack of -3.4% was... More

Jefferies Reiterates Buy Rating on Target (TGT)

Jefferies analyst Corey Tarlowe reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "Q2 comp sales of 2.0% beat expectations and was at the high end of guidance (flat-2%). Discretionary category trends continue to improve with apparel growing by... More

Stifel Reiterates Hold Rating on Target (TGT)

Stifel analyst Mark Astrachan reiterated a Hold rating and $147.00 price target on Target (NYSE: TGT).

The analyst comments "Comp increased 2%, better than consensus of 1.1%, with operating income of $1.635bn (consensus $1.385bn). The company maintained F2024 comp guidance (0%-2%), though anticipates... More

Roth/MKM Reiterates Neutral Rating on Target (TGT)

Roth/MKM analyst Bill Kirk reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).

The analyst comments "Target's 2Q (comp sales/profitability beat) eases the dual fears of increased competition and a weakening consumer. Gross margin was ~70bps ahead of... More

Target stock surges as Q2 results top expectations, guidance raised

(Updated - August 21, 2024 9:51 AM EDT)

Target (NYSE: TGT) saw its shares soar 15% on Wednesday after the retailer reported better-than-expected second-quarter earnings and revenue while also raising its full-year profit outlook.

The Minneapolis-based company posted adjusted earnings per share of $2.57, surpassing analyst estimates of $2.19. Revenue for the quarter came in at $25.45 billion, beating the consensus forecast of $25.2 billion and representing a 2.6% YoY increase.

Comparable sales grew 2% in the second quarter, driven by a 3% increase in traffic. Digital comparable sales rose 8.7%, with same-day services experiencing double-digit growth.

Target's operating income margin... More