Roth Capital Lifts Target (TGT) PT but Warns Q1 May Have Been a “Goldilocks” Quarter

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On May 22, Roth Capital raised its terms proposal connected Target Corporation (NYSE:TGT) to $114 from $88. It reiterated a Neutral standing connected the shares. The institution posted a beardown first-quarter comparable income and net bushed and besides raised its FY26 guidance. The expert noted that 2 cardinal concerns inactive remain. One is that SG&A expenses proceed to turn faster than the upside successful revenue. The different is the anticipation that Q1 represented a “Goldilocks” quarter, helped by the easiest comparisons and a favorable situation for discretionary spending. Roth added that Target’s show could dilatory successful the coming quarters arsenic comparisons go tougher and substance prices rise.

Also connected May 22, Argus raised its terms extremity connected TGT to $150 from $145. It maintained a Buy standing connected the stock. The steadfast said the shares stay attractively valued, pointing to a dividend output of astir 3.7% and meaningful upside to the caller terms target. The expert besides said the company’s caller absorption squad has a wide roadmap to put successful the concern and marque its merchandise much appealing to customers. Target has accrued its dividend for 54 consecutive years and is expected to widen that streak to 55 years successful FY27, according to the probe note.

Target Corporation (NYSE:TGT) is simply a wide merchandise retailer that sells products done its stores and integer channels. The institution offers customers, referred to arsenic guests, a premix of differentiated merchandise and mundane essentials astatine discounted prices.

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