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Markets · Investing · Business
Finance
Target Stock: Next Stop, $166?
The retailer is rolling in 2026, and Wall Street pros are going along for the ride.
One of this year's biggest surprises has to be Target (NYSE: TGT). The discount retailer entered 2026 with three consecutive years of slightly declining sales and a new CEO recruited from inside the company. Target was losing market share to its offline and online competition. Unlike its red-and-white bullseye logo, the chain itself seemed off the mark.
More than seven months later, and Target stock is booming. The shares are up 53% year to date, zooming past many of its publicly traded rivals that continue to grow faster than Target. This might seem like an interesting time to cash out and move on, but Wall Street pros beg to differ.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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