Target Corporation has received a consensus recommendation of “Hold” from 34 firms covering the stock. Of those, four analysts rate the shares as a sell, 20 maintain a hold rating and ten recommend a buy. The average 12-month price objective across these brokers stands at 103.03. Recent revisions include Zacks Research upgrading the rating from “Strong Sell” to “Hold” on December 3, while BMO Capital Markets and Bank of America lowered their targets and assigned market-perform and underperform ratings, respectively. Wolfe Research continues to view the shares as underperform with an 81.00 target, and DA Davidson remains the most optimistic with a 120.00 objective.

In its latest quarter, Target reported adjusted earnings per share of 1.78, outperforming the consensus estimate of 1.71. Revenue came in at 25.27 billion, marginally under the 25.44 billion analysts had forecast. The net margin was 3.58% and return on equity measured 22.74%. Compared to the same period last year, revenue declined by 1.6% and EPS dipped from 1.85. For fiscal 2025, management has set guidance between 7.00 and 8.00 EPS, while the analyst community projects full-year EPS of 8.69.

Target has strengthened its board with two high-profile appointments: John Hoke III, former chief innovation officer at Nike with over 30 years leading global design teams, and Steve Bratspies, ex-CEO of HanesBrands who oversaw major brand transactions and previously served as Walmart’s chief merchandising officer. These additions aim to bolster innovation and retail expertise as CEO Michael Fiddelke leads the company’s next growth phase. Concurrently, Target declared a quarterly dividend of 1.14 per share payable March 1 to holders of record on February 11, representing an annualized payout of 4.56 and a shareholder-friendly payout ratio of approximately 55%.