Bernstein Raises Target (TGT) Price Target Ahead of Key Strategy Update Under New CEO

Target Corporation (NYSE:TGT) is included among the 13 Best Long-Term Dividend Stocks to Invest in Right Now.

On February 26, Bernstein raised its price recommendation on Target Corporation (NYSE:TGT) to $91 from $80 and maintained an Underperform rating. The firm noted that Target is scheduled to report its Q4 results on March 3, followed by an Investor Meeting in Minneapolis. This will be the first investor event led by CEO Michael Fiddelke in the company’s home market. Bernstein expects the company to provide a clearer and more detailed update on its strategy than in previous years.

At the same time, Target announced plans to open seven new stores this spring. These locations will expand its presence while bringing its affordable and customer-focused shopping experience to more communities. The new stores will also create jobs across California, Missouri, New Jersey, North Carolina, and Texas.

The company noted that five of the seven new stores will be larger than its average store size of 125,000 square feet. This reflects a shift toward operating bigger formats, which allow Target to offer a broader range of products and services under one roof. These openings are part of a longer-term expansion plan. Target said it intends to open more than 30 stores this year and build over 300 new locations by 2035. The goal is to reach more customers and strengthen its national footprint.

The company said its stores offer a mix of trendy merchandise and everyday essentials, giving customers both value and variety. Shoppers can visit stores in person or use same-day services such as Drive Up, Order Pickup, and same-day delivery through Target Circle 360.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer, serving customers through its physical stores and digital platforms. The company offers everyday essentials and distinctive merchandise at discounted prices.

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