HSBC upgrades Target stock with a USD 190 price target

Published on 10/08/2026 at 16:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 26.54 billion, up 5.30 percent. Target stock costs EUR 136.60 on October 8, 2026 after EUR 135.20.

Key points in brief

HSBC upgraded Target to Buy and raised its price target from USD 125.00 to USD 190.00 on September 30, 2026.
Target reported USD 26.54 billion in second-quarter revenue, up 5.30 percent year over year, with diluted earnings per share of USD 4.11.
Target stock was trading at EUR 136.60 at Lang & Schwarz on October 8, 2026, plus 1.04 percent versus EUR 135.20.

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Target Corp. stock is trading at EUR 136.60 at Lang & Schwarz on October 8, 2026, up 1.04 percent from the EUR 135.20 prior close. On September 30, 2026, HSBC analyst Joe Thomas upgraded Target to Buy from Hold and raised the price target from USD 125.00 to USD 190.00, according to Investor's Business Daily.

Target's three latest milestones

On August 19, 2026, Target reported diluted earnings per share of USD 4.11 versus a USD 2.35 consensus estimate, while revenue reached USD 26.54 billion, up 5.30 percent year over year, according to MarketBeat. On September 29, 2026, the retailer announced price reductions on nearly 2,000 home and apparel products, following more than 10,000 reductions over the prior year, as reported by AFX News. On September 30, 2026, HSBC raised its target from USD 125.00 to USD 190.00 and changed its rating from Hold to Buy, according to Investor's Business Daily.

What does the upgrade value?

The HSBC target is USD 190.00, while the latest USD 153.26 primary-exchange quote places the target 23.99 percent above that price. The comparison uses the same USD currency and shows how much of the bullish case depends on continued execution rather than the euro quotation.

Target's second-quarter results provide the operating basis for that view. Diluted earnings per share of USD 4.11 exceeded the USD 2.35 consensus by USD 1.76, while fiscal 2026 earnings-per-share guidance stood at USD 9.90-10.90, according to MarketBeat. That combination gives the upgrade a measurable earnings anchor, but the guidance range also leaves execution risk visible.

Next reporting date

Target is scheduled to report its next results on November 18, 2026, before the market opens, according to Gekko. The date gives the market a concrete test for the traffic recovery and earnings expectations cited in the HSBC upgrade.

Target stock price and trading context

On the NYSE, Target was last at USD 153.26 on October 8, 2026 at 10:39 a.m. EDT. Its market capitalization was USD 69.6 billion on October 8, 2026, and its 52-week range was USD 83.44 to USD 170.75.

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