Is Target (TGT) Stock a Buy Ahead of Earnings on Wednesday
TLDR
- Target reports Q2 2026 earnings on August 19, with Wall Street expecting EPS of $2.35 and revenue of $26.15 billion
- TGT stock is up around 55% year-to-date ahead of the print
- Telsey raised its price target to $170 (Buy), Truist to $147 (Hold), and Deutsche Bank to $140 (Hold)
- The average analyst price target of $146.44 implies about 5% downside from current levels
- Barclays analyst Seth Sigman is the most accurate TGT analyst and holds a Sell rating with a $115 target, implying 25% downside
Target Corp. is gearing up to report its second-quarter fiscal 2026 results on August 19, and Wall Street is watching closely. The stock is trading around $154, up roughly 55% year-to-date, which means the bar for a positive reaction is high.
Analysts expect EPS of $2.35, a 13% jump from the same period last year. Revenue is forecast at $26.15 billion, up over 3% year-over-year.
Three analysts raised their price targets ahead of the report, though none moved their overall ratings in a more bullish direction.
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