These Analysts Increase Their Forecasts On Target Following Better-Than-Expected Q4 Earnings

Core Insights - Target Corporation reported fourth-quarter adjusted earnings per share of $2.44, exceeding the analyst consensus estimate of $2.15 [1] - Quarterly sales amounted to $30.453 billion, a decline of 1.5% year over year, which fell short of the expected $30.512 billion [1] - For 2026, the company anticipates adjusted EPS between $7.50 and $8.50, compared to the analyst estimate of $7.68, and projects sales of $106.876 billion against an estimate of $106.672 billion [1] First Quarter Expectations - For the first quarter, adjusted earnings per share is expected to be more than $1.30, lower than the $1.50 estimate, while GAAP earnings per share is also expected to be more than $1.30, compared to the $1.53 estimate [2] - Following the earnings announcement, Target shares increased by 1% to $122.00 in pre-market trading [2] Analyst Ratings and Price Targets - B of A Securities analyst Robert Ohmes maintained an Underperform rating on Target, raising the price target from $103 to $106 [3] - Bernstein analyst Zhihan Ma upgraded the stock from Underperform to Market Perform, increasing the price target from $91 to $116 [3]