Target Corporation has received a consensus “Hold” rating from 34 sell-side analysts tracked by Marketbeat, with four firms recommending a sell, 20 a hold and ten a buy. The average 12-month price objective across these brokers stands at $103.03. In the past two months, Zacks Research upgraded Target from “strong sell” to “hold,” while BMO Capital Markets and Bank of America both cut their price targets to $90 and $80 respectively, maintaining market-perform and underperform stances. Wolfe Research and DA Davidson continue to back the shares with underperform and buy ratings, with DA Davidson’s target at $120, highlighting the divergence in expectations about Target’s near-term outlook.

In its latest quarter ended November 19, Target reported adjusted EPS of $1.78, beating consensus estimates by $0.07. Revenue totaled $25.27 billion, narrowly missing analyst forecasts by 0.7% and representing a 1.6% year-over-year decline. The company delivered a net margin of 3.58% and a return on equity of 22.74%. Management set full-year 2025 EPS guidance in the range of 7.00–8.00; equity research analysts, on average, forecast 8.69 EPS for the current fiscal year, implying upside to guidance if comparable trends persist.

Target has appointed John Hoke III, former Chief Innovation Officer at Nike, and Steve Bratspies, ex-CEO of HanesBrands, to its board of directors. Hoke will join the Governance & Sustainability and Compensation & Human Capital Management committees on March 1, bringing over 30 years of design-led innovation expertise. Bratspies will serve on the Audit & Risk and Infrastructure & Finance committees beginning April 1, leveraging his deep retail operations background from HanesBrands and Walmart. These moves align with Target’s preparation for a new growth phase under incoming CEO Michael Fiddelke and are intended to bolster its product innovation, merchandising and governance capabilities.

Target declared a quarterly dividend of $1.14 per share, payable March 1 to shareholders of record February 11. This represents an annualized distribution of $4.56 and reflects a 4.3% yield, with a payout ratio of 55.3%. The sustained dividend increase underscores Target’s commitment to returning cash to investors, supported by a stable free cash flow profile and a balanced capital allocation strategy that combines dividends, share repurchases and selective reinvestment in store remodels and digital capabilities.