TGT Should I Buy
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Target Corp (TGT) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the technical indicators show some bullish trends, the company's financial performance is declining, and the overall sentiment from analysts and news is mixed. The lack of significant positive catalysts and the absence of proprietary trading signals further support a hold recommendation.
The MACD is positive and contracting (0.235), indicating a mild bullish trend. The RSI is neutral at 54.128, and the moving averages are bullish (SMA_5 > SMA_20 > SMA_200). The stock is trading above the pivot level (110.606) with resistance at 116.263 and support at 104.949. However, the stock's short-term trend suggests a potential decline of -1.67% in the next week.
Target's leadership reshuffle under the new CEO Michael Fiddelke aims to enhance management stability and accelerate growth. Wolfe Research upgraded the stock to Peer Perform, citing a wide margin of safety and signs of underlying business improvement.
The company's financial performance in Q3 2026 showed declines in revenue (-1.55% YoY), net income (-19.32% YoY), EPS (-18.38% YoY), and gross margin (-1.00% YoY). Analysts have mixed ratings, with some maintaining neutral or hold positions. Competitive pressures, tariff-related challenges, and reduced consumer spending are weighing on the company's outlook.
In Q3 2026, Target's revenue dropped to $25.27 billion (-1.55% YoY), net income fell to $689 million (-19.32% YoY), EPS declined to 1.51 (-18.38% YoY), and gross margin decreased to 25.66% (-1.00% YoY). These figures indicate a challenging financial environment for the company.
Analysts have mixed views on Target. Wolfe Research upgraded the stock to Peer Perform, citing a wide margin of safety. Citi raised its price target to $110 but maintained a Neutral rating. Evercore ISI raised its price target to $103 but kept an In Line rating. Overall, the sentiment remains cautious, with no strong buy recommendations.
