Target Price Target Raised to $130 by BMO Capital Markets

Analysts cite retailer's strong performance and growth potential.

Published on Mar. 4, 2026

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Target Corporation (NYSE:TGT) had its price target increased from $105 to $130 by analysts at BMO Capital Markets. The firm maintained a 'market perform' rating on the stock, citing Target's solid financial results and growth outlook. Several other equity research firms have also recently adjusted their price targets for Target, with the consensus estimate now at $115.23.

Why it matters

Target's strong financial performance and growth prospects have caught the attention of Wall Street analysts, leading to an increased price target that suggests further upside potential for the stock. This reflects confidence in the retailer's ability to navigate a challenging retail environment and capitalize on consumer trends.

The details

In a research report, BMO Capital Markets raised Target's price target from $105 to $130, representing a potential upside of 7.35% from the stock's current trading price. The firm maintained a 'market perform' rating, indicating the shares are fairly valued at current levels. Other analysts have also recently adjusted their price targets for Target, with the consensus estimate now at $115.23 across 35 firms covering the stock.

  • Target reported Q4 2025 earnings on March 3, 2026.

The players

Target Corporation

A major U.S. general merchandise retailer headquartered in Minneapolis, Minnesota, operating a network of full-line and small-format stores as well as an e-commerce platform.

BMO Capital Markets

An investment bank and financial services firm that provides research coverage and analysis on Target and other publicly traded companies.

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The takeaway

The raised price target for Target by BMO Capital Markets reflects the firm's confidence in the retailer's ability to navigate the evolving retail landscape and capitalize on consumer trends, suggesting continued growth potential for the stock.