2026 forecast
Analysts are wary of Target, with analyst consensus mostly hold or neutral as of March.
Target reported earnings on March 3, beating analyst expectations with earnings per share (EPS) of $2.44, which could influence how analysts adjust their outlooks. That said, Wells Fargo raised its price target twice in recent weeks -- from $115 to $130 in late February and from $130 to $135 in early March. Several other major banks and research firms also modestly increased their price targets.
Even with that increase, the broader analyst price target range remains wide at about $81 to $160, with an average near $125, only slightly higher than the March 12 closing price of $115.75.
CoinCodex, a technical analysis website that specializes in long-term predictions, is slightly bullish on the stock in the short run but sees major long-term downside. Its average forecast price is just $83.25 through the end of 2026.
2030 forecast
In Target's timeline, 2030 is so far away that it might as well be never, given all the changes underway with the company. Its new leadership is still unproven. Also, the economic instability that's been hurting non-discount retailers could ease before 2030.
CoinCodex predicts a grim future for the stock, though, with an average annualized price of $57.03 in 2030.
However, I'm really not so sure it will be that bad. I'm still a holder of Target stock. While it's been a rough road, 2026 has already seen some recovery, with the stock up about 16% since Jan 1.
If we assume a generally conservative non-inflation-adjusted CAGR of 8%, which is well below that of both the five-year and 10-year for the S&P 500, Target stock could reach a price of about $155. A more aggressive CAGR of 10% puts it at roughly $166. Although I'm not ready to count Target out, the company may have a difficult recovery ahead. I tend to think the lower price is going to be closer to accurate.
