Target Stock Surges on Strong Q2 Earnings and Upgraded Guidance

The retail giant's financial results beat expectations, prompting analysts to raise price targets and earnings forecasts.

Target's Q2 earnings per share jumped to $2.57, a 40% increase year-over-year.
Operating margins improved significantly, contributing to a 43% rise in net income.
Management raised the full-year EPS outlook to $9.00-$9.70, up from the previous $8.60-$9.60 range.
Analysts have increased price targets, with some expecting valuations up to $195 per share.
Investments in logistics and store renovations have bolstered cost management and business capacity.