Target clears fresh analyst hurdles, shares sit above key support levels

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-26, 16:13.

Target Corp. (US87612E1064) remains a focus stock on the NYSE as fresh analyst commentary underpins the ongoing recovery story. Jefferies has recently raised its price target while maintaining a Buy rating, and Wolfe Research has upgraded the shares to Outperform, according to current market reports.

What Jefferies and Wolfe are saying

Jefferies has adjusted its price target on Target to 161 US dollars from 140 dollars and reiterated a Buy recommendation, as shown in a recent analyst update on MarketScreener. This move reflects confidence in Target’s multi-year improvement trajectory and margin recovery potential.

In addition, Wolfe Research analyst Spencer Hanus has upgraded Target from Peer Perform to Outperform and set a price target of 162 US dollars, according to an analysis summarizing the firm’s view on the turnaround potential. Wolfe highlights early progress in merchandising, pricing, and traffic trends after a challenging period for big-box retailers versus peers such as Walmart and Amazon.

Consensus picture and recent share levels

Across the broader analyst community, the average 12-month price target for Target currently clusters around roughly 133 US dollars, according to aggregated estimates cited on MarketScreener. The Jefferies and Wolfe targets therefore sit clearly above this consensus band, signaling a more optimistic stance than the average street view.

On the price side, indicative data from FinancialData.net show Target shares at around 140.97 US dollars on June 26, 2026, up about 1 percent in early trading on the NYSE. Separate technical data point to a last close near 139.57 dollars, with a 50-day moving average of 126.55 dollars and a 200-day moving average of 107.67 dollars, both acting as support zones after the stock’s strong rebound from its 52-week low.

How Target makes its money

Target generates the bulk of its revenue from its roughly 2,000 discount and big-box stores in the United States, complemented by its e-commerce platform Target.com. Key sales categories include apparel, home goods, beauty and household essentials, as well as food and beverage, with the company positioning itself as a mass merchant with a style and value focus.

Where the shares trade today

The Target shares (US87612E1064) trade on June 26, 2026, at around 140.97 US dollars on the NYSE, based on indicative data, after previously closing near 139.57 dollars.

This article is for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities.