Vandita Jadeja
5 min read
Quick Read
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TGT has surged 72% year-to-date to $163, and our model puts the $200 milestone within reach by 2030.
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Forward EPS estimates surged 22% in 30 days while only 32% of analysts rate TGT bullish, a gap that history says numbers win.
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Roundel advertising grew nearly 20%, Target Plus GMV surged over 40%, and traffic rose 4%, powering Fiddelke’s multi-year turnaround.
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Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Target didn’t make the cut. Enter your email to see the names that beat TGT. The report is free. Enter your email and see if any of your stocks made the cut.
Target has done something remarkable in 2026. The stock has ripped higher after two brutal years, and CEO Michael Fiddelke’s turnaround is starting to look real. Traffic is up, all six merchandising categories are growing, and a monster Q2 earnings report reset the story.
Target (NYSE:TGT) now trades at $163.33, up 71.62% year to date and 83.19% over the last year. The question I want to answer: can this stock actually push through the $200 milestone, and when?
Why the $200 Barrier Still Feels Distant
Here is the sober part. Shares have gone almost nowhere over the past week, up just 0.09%, and the five-year return is still -21.84%. TGT last traded above $200 in 2021, and the market remembers the margin collapse that followed. Even after the rally, the stock sits 5% off its 52-week high of $170.75.
Investors also know the Q2 blowout was flattered by a $994 million pretax IEEPA tariff refund worth $1.65 per share. Strip that out and adjusted EPS still rose 20%, but the headline number is not fully repeatable. With a beta of 0.986, TGT is not going to lever a market rally into a moonshot.
Free Report, Just Released
Why Didn’t TGT Make The Top 10 List?
24/7 Wall St has helped investors make money for over two decades, and our top analysts just finished ranking the definitive Top 10 Stocks To Buy Now. Not the ten biggest companies. Not the ten everyone is arguing about. The ten best stocks to buy right now.
And TGT didn’t make the cut!
The report is free, and you can see why we think each stock is a top investment today.
Enter Your Email and See the Ten →
Wall Street Sees 1% Downside. I Think They Are Behind the Curve
The consensus analyst target sits at $161.91, which is actually below today’s price. The ratings mix: 2 strong buy, 10 buy, 22 hold, 0 sell, and 4 strong sell. Our own model pegs a one-year base case of $169.90 with a bull case of $178.05 and a bear case of $140.34, confidence rated high at 0.9.
