Target Corporation has received a consensus "Hold" recommendation from 34 research firms, including 4 sell ratings, 20 hold ratings and 10 buy ratings. The average 12-month price objective among these analysts is $103.03. Recent revisions include Zacks Research upgrading Target from "Strong Sell" to "Hold" on December 3, BMO Capital Markets lowering its target from $95 to $90 with a "Market Perform" rating on November 20, Wolfe Research reiterating an "Underperform" rating with an $81 target on December 30, Bank of America cutting its objective from $93 to $80 and maintaining an "Underperform" rating on November 20, and DA Davidson assigning a $120 price target on January 12.

In its latest quarterly report (ended November 19), Target posted adjusted EPS of $1.78, exceeding the consensus estimate of $1.71 by $0.07. Revenue came in at $25.27 billion, slightly below the $25.44 billion analysts expected, representing a 1.6% year-over-year decline. The company achieved a net margin of 3.58% and a return on equity of 22.74%. Target’s fiscal 2025 EPS guidance range is $7.00 to $8.00; the current consensus for the full year stands at $8.69. The balance sheet shows a debt-to-equity ratio of 0.99, a current ratio of 0.97 and a quick ratio of 0.27.

Target has appointed John Hoke III (former Chief Innovation Officer at Nike, with 30+ years of design leadership) to its Governance & Sustainability and Compensation & Human Capital Management committees effective March 1, and Steve Bratspies (former CEO of HanesBrands and ex-Chief Merchandising Officer of Walmart) to its Audit & Risk and Infrastructure & Finance committees effective April 1. The board additions coincide with incoming CEO Michael Fiddelke’s transition. Target also declared a quarterly dividend of $1.14 per share (annualized $4.56, 4.3% yield, 55.34% payout ratio), payable March 1 to shareholders of record on February 11 (ex-dividend February 11).