Mizuho Lifts Target (TGT) PT to $120, Says Investor Day Was a Positive Catalyst

Target Corporation (NYSE:TGT) is included among the 13 Best Defensive Dividend Stocks for 2025.

On March 5, Mizuho raised its price recommendation on Target Corporation (NYSE:TGT) to $120 from $100. It reiterated a Neutral rating on the shares. After the company’s investor day, the firm said the meeting “proved a decidedly positive catalyst for shares.” According to the analyst, Target laid out a credible path toward returning to profitable growth.

Also on March 5, the company shared plans to open more than 30 new stores in 2026. Among them will be its 2,000th location, set to open in Fuquay-Varina, North Carolina. The expansion marks another step in Target’s broader strategy to support long-term, sustainable growth through continued investment in its store base. The retailer plans to add more than 300 new stores by 2035. Seven locations are already scheduled to welcome guests this March as part of the ongoing rollout.

These new stores and planned remodels are backed by Target’s $5 billion capital investment plan for 2026. The spending is aimed at improving the in-store experience while also using technology to make online order fulfillment faster and easier for customers. The company also plans to invest hundreds of millions of dollars in additional store payroll and employee training in 2026. The goal is to strengthen guest service across its locations.

Target said these steps support the growth priorities outlined by CEO Michael Fiddelke, which are expected to guide the company’s decisions in 2026 and the years ahead.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer. The company sells products through its physical stores and digital platforms, offering everyday essentials and differentiated merchandise at discounted prices to customers it refers to as guests.

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