On August 3, Target rose 3.77% in regular trading, trading at $149.195/share, with turnover of $86.66 million.

On the news front, Citigroup raised its price target on Target from $133 to $148, maintaining a Neutral rating. The upgrade is part of a broader wave of Wall Street optimism, with multiple investment banks recently lifting their targets: Wells Fargo raised to $165, Gordon Haskett raised to $170 maintaining a Buy rating, and Guggenheim raised to $150 maintaining a Buy rating. The consensus mean price target stands at $137.69 according to FactSet.

The cluster of upward revisions reflects growing confidence in Target's multi-year turnaround. The retailer reported Q1 comparable sales growth of 5.6%, its strongest since late 2021, and raised its full-year net sales growth forecast from 2% to approximately 4%. The company has also been executing product strategy initiatives including designer collaborations and back-to-school campaigns to drive traffic recovery.

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