Target (TGT) Stock: What Wall Street Expects from Q2 Earnings on Wednesday
TLDR
- Target reports Q2 FY26 earnings on August 19, with the options market pricing in a 7.08% move in either direction
- TGT stock is up 59% year-to-date and was trading at $155.51, but Bank of America holds an Underperform rating with a $124 price target
- BofA raised its Q2 EPS estimate by 3% to $2.34, forecasting 2.5% comparable sales growth and ~90 basis points of gross margin expansion
- Wall Street consensus expects Q2 EPS of $2.32, up 13.2% year-over-year, with net sales rising 3.6% to $26.12 billion
- Wall Street has a Moderate Buy consensus with 12 Buys, 15 Holds, and 2 Sells; average price target of $143.15 implies about 8% downside
Target is set to report fiscal second-quarter results on August 19, and the setup heading into earnings is a mixed one. TGT stock closed at $155.51 on Thursday, up about 1% on the day, and has now rallied 59% year-to-date.
The options market is pricing in a 7.08% swing in either direction after the print. That works out to roughly an $11 move, putting the implied bullish target at $166.52 and the bearish floor at $144.50.
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