Target Stock Jumps 6.7% on Overweight Rating, Price Target Raised to $145
Morgan Stanley maintained its overweight rating on Target and raised the price target to $145 after the retailer’s fourth-quarter earnings exceeded expectations. Shares surged 6.74%, touching a 2026 high of $122.43 on trading volume of 15.7 million, lifting market cap to about $54.9 billion.
1. Analyst Outlook
Morgan Stanley maintained its overweight rating on Target and increased the 12-month price target to $145, signaling confidence in the retailer’s growth trajectory following its strong quarterly performance.
2. Fourth-Quarter Earnings Performance
Target’s fourth-quarter earnings exceeded analyst expectations, reinforcing positive sentiment and underpinning the decision to hold and raise the price target.
3. Stock Market Reaction
Shares of Target jumped 6.74% in a single session, rising from a low of $115.02 to a one-year high of $122.43 on trading volume of 15.7 million shares.
4. Company Valuation Metrics
Target’s market capitalization reached approximately $54.9 billion following the rally, with the stock trading off its year-to-date low of $83.44, reflecting a substantial recovery over the past year.