March 3 (Reuters) - Target TGT.N forecast annual sales above estimates on Tuesday as the retailer prepares for a new era under CEO Michael Fiddelke, betting on demand for categories such as apparel at its stores, as well as benefits from recent cost saving efforts and its advertising business.

Target shares rose 4% in premarket.

The company expects 2026 net sales growth of 2%, compared with expectations of a rise of 1.76%, according to data compiled by LSEG.