Retailer Target Corporation (NYSE:TGT) could show signs of a continued turnaround when the company reports first-quarter financial results on Wednesday before market open.



Here are the earnings estimates, analyst ratings and the key items to watch.



 • Target shares are advancing steadily. Why is TGT stock trading higher?



<h2>Target Q1 Earnings Estimates</h2>



Analysts expect Target to report first-quarter revenue of $24.32 billion, up from $23.85 billion in last year's first quarter, according to data from Benzinga Pro.



The company missed analyst estimates for revenue in two straight quarters, while beating estimates in six of the past 10 quarters overall.



Analysts expect Target to report first-quarter earnings per share of $1.34, up from $1.30 in last year's first quarter.



The company has beaten analyst estimates for earnings per share in six of the past 10 quarters, including two straight quarters.



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<h2>Target Analyst Ratings and Price Targets</h2>



Here are some of the most recent analyst ratings on Target stock and their price targets:



<ul>
<li>JPMorgan: Maintained Neutral rating, raised price target from $120 to $129</li>



<li>Piper Sandler: Maintained Neutral rating, raised price target from $119 to $121</li>



<li>Truist: Maintained Hold rating, raised price target from $121 to $123</li>



<li>Barclays: Maintained Underweight rating, raised price target from $108 to $115</li>



<li>Wells Fargo: Maintained Overweight rating, raised price target from $135 to $140</li>
</ul>



<h2>Key Items to Watch</h2>



New Target CEO Michael Fiddelke officially took over on Feb. 1, 2026, to start the new quarter, with the first fiscal quarter covering the months of February, March and April.



The new CEO looks to continue the momentum for the company's financials and for the stock price.



Data from Placer.ai shows that Target visits surged during the first fiscal quarter. Here are the year-over-year visits:



<ul>
<li>February: +7.8%</li>



<li>March: +7.3%</li>



<li>April: +5.5%</li>
</ul>



This marks a substantial improvement from the year-over-year visits declines of -1.8% and 4.3% in November and December and the slight growth of 0.3% in January.



This data suggests that first-quarter financials may be strong for Target and keep the momentum going.



Target shares hit new yearly highs in mid-April, with shares up around 24% year-to-date in 2026.



Sales by category could be a key topic to watch to see if Target is gaining or losing market share in key categories against rivals such as Walmart and Amazon. The company saw beauty sales and food and beverage unit sales up year-over-year in the fourth quarter, while apparel and accessories sales fell on a year-over-year basis.



<h2>Target Stock Price Action</h2>



Target stock is up 2.19% to $126.09 on Tuesday versus a 52-week trading range of $83.44 to $133.10.



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Read Also:

Target Cuts Prices On Thousands Of Spring Favorites




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Image via Shutterstock/ happycreator

Target Corporation (NYSE: TGT) is set to announce its Q1 financial results, with analysts predicting a revenue of $24.32 billion, up from $23.85 billion last year. Expected earnings per share are $1.34, an increase from $1.30. Target has exceeded revenue estimates in six of the last ten quarters, although it fell short in the last two. The company's stock has been rising, raising interest in the reasons behind this trend.

benzinga_article

Target

JPMorgan Chase

Piper Sandler Cos

Truist Financial

Barclays

Wells Fargo

Walmart

Amazon

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