HSBC raised target for Target stock to USD 190.00

Published on 10/12/2026 at 11:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales reached USD 26.54 billion, up 5.30 percent year over year. Target stock costs EUR 137.30 in trading on October 12, 2026.

Key points in brief

HSBC upgraded Target to Buy and raised its price target from USD 125.00 to USD 190.00 on October 1, 2026.
Target reported USD 26.54 billion in second-quarter net sales, up 5.30 percent year over year.
Target stock was trading at EUR 137.30 at Lang & Schwarz on October 12, 2026 at 11:52 a.m. CEST.
The next earnings release is expected on November 18, 2026, before the market opens.

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HSBC raised its price target for Target stock from USD 125.00 to USD 190.00 after upgrading the retailer from Hold to Buy on October 1, 2026, according to GuruFocus. The report cited stronger customer traffic, higher earnings guidance and a potential profit recovery.

Target's recovery in three figures

On May 20, 2026, Target reported first-quarter net sales of USD 25.40 billion, up 6.70 percent year over year, according to Everything PR.

On August 19, 2026, second-quarter net sales reached USD 26.54 billion, a 5.30 percent year-over-year increase, while adjusted earnings per share rose to USD 4.11 from USD 2.05. MarketBeat reported that analysts had expected USD 2.35 in adjusted earnings per share and USD 26.13 billion in revenue.

On October 1, 2026, HSBC became the latest dated event in the sequence, moving its rating from Hold to Buy and lifting the target by USD 65.00. The upgrade followed the second-quarter improvement, but Target's latest profit also included USD 1.65 per share of tariff refund benefits, which makes the earnings comparison less dependent on underlying retail demand.

What does the upgrade change?

The second-quarter operating picture was stronger than the sales figure alone suggests. Target's comparable sales increased 3.80 percent and traffic rose 3.60 percent, while the average transaction amount increased 0.20 percent, according to Zacks.

The counter-factor is earnings quality. Zacks reported that the USD 1.65 tariff refund benefit contributed to the USD 4.11 adjusted earnings per share result; excluding the refund, earnings per share were USD 2.46, up 20.00 percent year over year.

Dates investors can measure

Target's next ex-dividend date is November 10, 2026, and its next earnings release is expected on November 18, 2026, according to Zacks. The earnings calendar identifies the November report as the next release and gives an expected adjusted earnings per share figure of USD 2.08.

Target stock price in Germany

Target stock was trading at EUR 137.30 at Lang & Schwarz on October 12, 2026 at 11:52 a.m. CEST. The quote was in the regular Xetra session window, while the company's primary listing is on the NYSE under ticker TGT.

The further course of trading is shown by the continuously updated real-time quote of Target stock.