HSBC raised Target stock target from USD 125.00 to USD 190.00

Target Corp. (ISIN US87612E1064) became the subject of a sharp analyst target increase when HSBC lifted its price target from USD 125.00 to USD 190.00 on September 30, 2026, according to ADVFN. Target stock was trading at EUR 140.40 at Lang & Schwarz on October 23, 2026 at 11:36 a.m. CEST.

Second-quarter results set the baseline

Target reported USD 26.539 billion in revenue for the second quarter of fiscal 2026, up 5.3 percent from USD 25.211 billion a year earlier, according to Target. Diluted GAAP earnings per share reached USD 4.11, compared with USD 2.05 in the prior-year quarter, although the result included USD 994.00 million in tariff refunds.

The company also said digital comparable sales grew 8.7 percent in the quarter, while non-merchandise sales increased more than 20 percent. Target's full-year fiscal 2026 diluted earnings-per-share guidance stands at USD 9.90 to USD 10.90, including USD 1.65 of tariff-refund benefits.

What does the target increase mean?

HSBC's September target implies a more optimistic view of Target's recovery than the operating figures alone suggest. The second-quarter revenue gain was measurable, but the tariff refund was a major contributor to the USD 4.11 earnings-per-share result. That makes future margin quality and sales execution central to the valuation argument.

Three dated steps in the recovery

On August 19, 2026, Target reported USD 26.539 billion in second-quarter revenue and USD 4.11 in diluted earnings per share, according to Zacks. On September 30, 2026, HSBC raised its target from USD 125.00 to USD 190.00. On October 23, 2026, Nasdaq listed a Target release titled 'Target Completes SoHo Store Transformation, Bringing Style and Design to Every Target Run.'

Next date for Target investors

Nasdaq lists November 18, 2026, before the market open, as Target's next earnings date for the fiscal quarter ending in October 2026.

Valuation still depends on execution

Target's market capitalization was USD 71.8 billion as of October 23, 2026, while its 52-week range was USD 83.44 to USD 170.75. The current euro indication sits below the upper end of that range after currency conversion, leaving the next earnings report as the clearest scheduled test of the recovery narrative. Target stock was trading at EUR 140.40 at Lang & Schwarz on October 23, 2026 at 11:36 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Target Corp stock.

Market context: Market report S&P 500.

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