HSBC raises target for Target stock from USD 125 to USD 190
Published on 10/26/2026 at 17:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- HSBC changed its Target rating from Hold to Buy on September 30, 2026.
- Target reported USD 26.54 billion in second-quarter sales for the period ended August 1, 2026.
- Target stock stood at EUR 134.20 at Lang & Schwarz on October 26, 2026 at 5:12 p.m. CEST.
- The next earnings report is expected on November 18, 2026.
Target stock (ISIN US87612E1064) received an HSBC upgrade to Buy with a USD 190.00 price target from USD 125.00 on September 30, 2026, according to MarketScreener. Target stock was trading at EUR 134.20 at Lang & Schwarz on October 26, 2026 at 5:12 p.m. CEST.
Sales growth carries a qualification
Target's fiscal second-quarter sales reached USD 26.54 billion for the period ended August 1, 2026, up 5.30 percent from USD 25.21 billion a year earlier. Adjusted and GAAP earnings per share were USD 4.11, compared with USD 2.05 in the prior-year quarter, according to Zacks.
The same report attributed USD 1.65 of the quarterly earnings-per-share result to tariff refunds. Excluding that benefit, earnings per share still increased 20.00 percent year over year, while comparable sales rose 3.80 percent and comparable digital sales advanced 8.70 percent.
Target stock stays inside its range
On the NYSE, Target last traded at USD 150.10 on October 26, 2026 at 12:22 p.m. EDT. Its 52-week range was USD 83.44 to USD 170.75, leaving the stock 12.14 percent below the high and 79.90 percent above the low. Target's market capitalization was USD 68.20 billion.
The trailing price-to-earnings ratio was 15.58, while the annualized dividend yield was 3.04 percent. Target's year-to-date gain was 56.30 percent, giving the valuation discussion a strong market backdrop while the latest earnings figure still includes the tariff refund effect.
Dates investors can quantify
Target's next earnings report is expected on November 18, 2026, and its next ex-dividend date is November 10, 2026, according to MetaCap. MarketBeat reported a quarterly dividend of USD 1.16 and a consensus rating of Hold from 31 analysts, with an average target of USD 159.33 on October 25, 2026.
For investors, the key comparison is between Target's sales recovery and the quality of its profit improvement. The USD 994 million tariff refund lifted reported margins, so the November report will provide a cleaner test of traffic, merchandise demand and recurring earnings power.
Target stock and valuation
HSBC's USD 190.00 target stands 26.58 percent above the USD 150.10 NYSE price. That gap is wider than the MarketBeat consensus target of USD 159.33, leaving the analyst range as an important counterweight to the recent 56.30 percent year-to-date advance.
Target stock was trading at EUR 134.20 at Lang & Schwarz on October 26, 2026 at 5:12 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Target stock.
Target stock at a glance
- Company: Target Corporation
- ISIN: US87612E1064
- Ticker: TGT
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 5:12 p.m. CEST): EUR 134.20
- Market capitalization: USD 68.20 billion (as of October 26, 2026)
- 52-week range: USD 83.44-170.75 (as of October 26, 2026)
- Sector / Industry: Consumer Discretionary / Department and Specialty Retail Stores
- Index membership: S&P 500
- Next earnings date: November 18, 2026
Market context: Market report S&P 500.
