JP Morgan Raises Price Target on Target Corp. (TGT)

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Target Corporation (NYSE:TGT) operates arsenic a wide merchandise retailer with stores successful each 50 states and the District of Columbia.

On May 15, JPMorgan raised its terms people connected Target Corporation (NYSE:TGT) from $120 to $129, but kept a ‘Neutral’ standing connected the shares. The revised target, which reflects an upside of implicit 6% from the existent stock price, comes aft the expert steadfast updated its estimates successful the retailing radical arsenic portion of a Q1 net preview.

According to JPMorgan, the unit from higher vigor prices was outweighed by the taxation stimulus successful the quarter. However, the steadfast expects minimal revisions to guidance, since the cardinal back-to-school and vacation play are inactive up successful a “high uncertainty” environment.

Target Corporation (NYSE:TGT) expects an adjusted EPS successful the scope of $7.50 to $8.50 for FY 2026, indicating a YoY maturation of 5% to 6% astatine the midpoint. Moreover, the institution is targeting to unfastened much than 30 caller stores this year, and implicit 300 caller stores by 2035.

Target Corporation (NYSE:TGT) was precocious included successful our database of the 14 Best Dividend Stocks to Buy for Steady Growth.

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