Target Corporation (TGT), a large U.S. retailer, is heading into its second-quarter earnings with strong momentum. TGT stock is up 56% year-to-date (YTD), touching a new 52-week high of $156.47 on Aug. 13. More importantly, Wall Street has high hopes that the company will beat estimates and has already started to price in that possibility. Many **** ysts have raised the target price for Target's stock.
Let's find out what **** ysts are expecting from Target this quarter.
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Analysts have been raising Target's price target before its Q2 earnings report on Aug. 19, believing its turnaround story is gaining momentum. Jefferies initiated coverage with a "Buy" rating and a $177 price target, which is the highest price estimate now, implying a 16% upside from current levels. Telsey Advisory has raised the price target to $170 while maintaining a "Buy" rating. Piper Sandler has lifted its target to $146 from $127, although it retained a "Hold" rating. Truist also moved its target to $147 from $130.

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