Target Gets $145 Price Target (TGT) at Argus with Buy Rating Maintained

Target Corporation (NYSE:TGT) is included among the Dividend Kings List: Top 15 Stocks.

On March 6, Argus analyst Christopher Graja raised the firm’s price recommendation on Target Corporation (NYSE:TGT) to $145 from $125. The firm reiterated a Buy rating on the shares.

A few days earlier, on March 3, Target’s new CEO, Michael Fiddelke, told investors he plans to restore annual sales growth. His strategy centers on spending billions to remodel stores, improve the shopping experience, and speed up deliveries as the retailer works to regain momentum. Fiddelke expanded on the company’s earlier plan, first outlined in November, to raise annual capital spending to $5 billion. He said Target will spend more than $2 billion across the business this year. That includes about $1 billion for new stores and remodels, along with another $1 billion aimed at improving the overall guest experience.

Target is also making changes on the merchandising side. Merchandising chief Cara Sylvester said the company plans to overhaul about 75% of its decorative accessories assortment. The company is also relaunching its Threshold home brand, speeding up product cycles for trendy apparel, and preparing to introduce a new Target Beauty Studio in 600 stores later this year.

Target has long relied on discretionary categories for a large share of its sales. These products account for nearly one-third of annual revenue, a higher mix than many of its competitors. In recent years, though, those categories have weighed on results as uncertain economic conditions pushed shoppers to limit spending. Under Fiddelke’s leadership, Target is focusing on refreshed merchandising and upgrades to the in-store experience to attract customers back. The company has also pledged to invest about $1 billion more in 2026 to support new stores, remodels, and improvements in same-day delivery and store order pickup.

Target expects net sales to grow about 2% in 2026. If achieved, it would mark the first annual increase after three straight years of declines. Analysts tracked by LSEG currently expect growth of about 1.76%.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer, selling products through its physical stores and digital platforms. The company offers everyday essentials and differentiated merchandise at discounted prices. Most Target stores carry a wide range of general merchandise along with food products.

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