TGT
Target’s quarter came in hot
Target didn’t just beat Wall Street on Wednesday — it made the case that the business is still very much alive and kicking. Q1 adjusted EPS came in at $1.71, ahead of the $1.46 consensus, while sales climbed 6.7% to $25.44 billion. Translation: shoppers kept spending enough to make the bears blink.
The part investors really care about
The bigger headline for future you? Management lifted the full-year sales outlook to $108.45 billion-$109.50 billion, up from a prior $106.88 billion forecast and above the Street’s $107.22 billion estimate. It also stuck to its fiscal 2026 adjusted EPS guide of $7.50-$8.50, which is a polite way of saying, “We’re feeling better, but don’t get carried away.”
Analysts hit the replay button
That’s where the analyst updates came in. Baird’s Peter Benedict kept a Neutral rating but raised his price target from $125 to $135, and Piper Sandler’s Peter Keith did the same move, lifting his target from $121 to $127. Not exactly a love letter, but definitely less side-eye.
Big picture
Target’s still trading like a company trying to prove its rebound is real, not just a good quarter wearing a fake mustache. But when sales surprise to the upside and the full-year guide moves higher, Wall Street usually has to at least widen the stance a little.