Overview

• Shares have fallen nearly 40% since late 2024, a drop bulls contend is disproportionate to Target’s fundamentals.
• Valuation talking points include roughly 11× forward earnings and a dividend yield near 5% after a June raise to $4.56 annually ($1.14 quarterly).
• Margins were cited near 3.7% due to tariffs and cost inflation, while interest coverage around 8× supports an investment‑grade profile.
• Commentary points to same‑day fulfillment growth, Roundel advertising, the Target Plus marketplace, private‑label expansion, and membership potential as levers.
• A 23‑year company veteran is expected to become CEO in 2026, which proponents view as a possible catalyst for improved execution.