Overview
- Target will release fiscal Q2 2026 results before markets open on Wednesday, August 19, with Wall Street expecting about $2.35 in earnings per share and $26.15 billion in revenue.
- The stock has climbed roughly 55% year to date and trades near $154, leaving investor expectations elevated and making the report a potential catalyst for a sharp move in the share price.
- Several analysts raised price targets this week, including Telsey to $170, Truist to $147, and Deutsche Bank to $140, but most firms left their ratings unchanged and the average target of $146.44 still sits below the current share price.
- Barclays analyst Seth Sigman remains a notable outlier with a Sell rating and $115 target, reflecting a substantially more bearish view than most of the Street.
- Target announced Chandhu Nair as its first chief AI officer this week, a signal that management is prioritizing technology and operations as part of the effort to prove that recent merchandising and store fixes can drive durable growth into fiscal 2027.