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TGT

Target Corporation

NYSE: TGT · CONSUMER DEFENSIVE · DISCOUNT STORES

$127.87
+0.57% today

Updated 2026-04-29

Market cap
$58.08B
P/E ratio
15.75
P/S ratio
0.55x
EPS (TTM)
$8.12
Dividend yield
3.56%
52W range
$83 – $133
Volume
5.7M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Target Corporation (TGT) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$127.87
Consensus
$118.60
-7.25%
2030 Target
$3,191.93
+2396.23%
DCF
$171.60
+33.21% MoS
27 analysts:
10 Buy14 Hold6 Sell

Management guidance

No specific revenue targets disclosed by CEO Stephen Bratspies (appointed 2026). Recent guidance indicates new CEO prioritizes price cuts and store upgrades as part of turnaround strategy ($2B investment in store modernization announced), but no explicit revenue targets through 2030 have been published. Focus is on regaining market share through value positioning.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$5,311.85
$120.3B Rev × 20x P/S
Base case (2030)
$3,191.93
$120.3B Rev × 12x P/S
Bear case (2030)
$2,119.92
$120.3B Rev × 8x P/S

Financial forecast — research-backed

Metric2024202520262027 (E)2028 (E)2029 (E)2030 (E)
Revenue$107.4B$106.6B$104.8B$110.7B$113.8B$117.0B$120.3B
Revenue growth—-0.8%-1.7%2.6%2.8%2.8%2.8%
EPS$8.93$5.13$7.57$8.26$8.75$9.10$9.45
P/S ratio———12.0x12.0x12.0x12.0x
Implied price———$2,926.94$3,011.25$3,095.57$3,191.93

Catalysts & risks

Growth catalysts
+ New CEO turnaround plan with $2B store modernization and 3,000+ item price cuts
+ Omnichannel expansion with e-commerce and digital capabilities
+ Opening of new stores (reached store #2000 in March 2026) and CVS/Starbucks partnerships driving traffic
+ Margin recovery from operational efficiency and reduced shrinkage initiatives
+ Market share recapture from discount retail competitors through aggressive pricing
Key risks
- Persistent revenue declines (-1.68% YoY FY2026, -0.79% FY2025) indicate structural headwinds in discount retail
- Margin compression from aggressive price cuts may not be offset by volume growth
- Competition from Walmart, Amazon, and dollar stores with superior scale and omnichannel capabilities
- Consumer spending sensitivity to inflation and economic slowdown
- Social/political boycott activities impacting brand perception and foot traffic
- E-commerce penetration cannibalizing store sales without sufficient margin improvement

Methodology

Target Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 27 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.