JP Morgan Keeps Neutral Rating on Target, Reduces Price Target to $100
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2025
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Source: Benzinga
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Analyst Views on TGT
Wall Street analysts forecast TGT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TGT is 98.83 USD with a low forecast of 80.00 USD and a high forecast of 126.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
8 Buy
14 Hold
4 Sell
Hold
Current: 102.840
Low
80.00
Averages
98.83
High
126.00
Current: 102.840
Low
80.00
Averages
98.83
High
126.00
About TGT
Target Corporation is a general merchandise retailer selling products to its guests through its stores and digital channels. The Company offers customers, referred to as guests, everyday essentials and fashionable, differentiated merchandise at discounted prices. The majority of its stores offer a wide assortment of general merchandise and food. Its merchandise categories include apparel and accessories, beauty and household essentials, food and beverage, hardlines, and home furnishings and decor. Most of its stores are larger than 170,000 square feet, offer a variety of general merchandise and a full line of food items comparable to traditional supermarkets. Its digital channels include a wide merchandise and food assortment, including many items found in its stores, along with a complementary assortment sold by the Company and third parties. Its brands include A New Day, Ava & Viv, Cloud Island, Favorite Day, and others. It serves guests at nearly 2,000 stores and at Target.com.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Target Corporation to Open 30 New Stores in 2026
- Store Expansion Plan: Target Corporation is set to add approximately 30 new locations in 2026, part of a broader multiyear goal to open around 300 stores over the next decade, reflecting its strong commitment to brick-and-mortar growth.
- Location Distribution: The new stores will open in March across various locations including Bakersfield and Delano in California, Springfield in Missouri, Jersey City and West Orange in New Jersey, Fuquay-Varina in North Carolina, and the Oak Cliff area of Dallas, Texas, enhancing its market presence.
- Service Enhancements: Each new store will offer Drive Up curbside pickup, in-store pickup, and same-day delivery options, not only improving customer shopping experiences but also serving as distribution points for online orders, thereby strengthening the integration of online and offline services.
- Capital Investment Strategy: Target plans to invest an additional $1 billion in 2026 as part of a total capital expenditure of approximately $5 billion, with a significant portion allocated for new stores, remodels, and upgrades to the shopping experience, aimed at enhancing overall business performance.
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Three Dividend Kings Worth Buying
- Abbott's Stability: Abbott Laboratories (ABT) has increased its dividend for 50 consecutive years, currently paying $2.52 per share with a yield of 2.4%, surpassing the S&P 500's 1.1%, indicating strong free cash flow and a diversified healthcare business that supports ongoing dividend payments.
- Target's Recovery Potential: Despite challenges like low-margin essential sales and theft, Target (TGT) is implementing turnaround strategies under new CEO Michael Fiddelke, which could drive stock recovery; with a dividend yield of 4.5%, it offers investors a reliable source of passive income.
- Johnson & Johnson's Growth Outlook: After spinning off its consumer health business, Johnson & Johnson (JNJ) focused on innovative medicine and medtech, achieving a 6% sales increase to over $94 billion last year, with adjusted EPS rising over 8%, indicating strong revenue growth potential and a dividend of $5.20 per share at a yield of 2.3%.
- Investment Value of Dividend Stocks: In the current market environment, dividend stocks like Abbott, Target, and Johnson & Johnson provide investors with a safe source of passive income, especially during market volatility, making them suitable for those seeking long-term stable returns.
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