Target Corporation (TGT) Bundle
RBC Capital Upgrades Target to Outperform, Slashes Price Target to $99
On November 20, 2025, RBC Capital upgraded its rating for Target Corporation (NYSE:TGT) to Outperform. The firm simultaneously lowered its price target for the retailer to $99 from $107. The action occurred while the stock was priced at approximately $85.83.
The ratings change follows a challenging period for Target, which recently revised its full-year earnings forecast. The company now projects earnings per share (EPS) in a range of $7 to $8. This adjustment reflects issues with contracting comparable sales and decreased profitability from markdowns.
Target's stock has declined nearly 35% this year, in contrast to the S&P 500's 13% rise. The company has experienced weakness in key categories like apparel and home goods. Investors are also watching the transition to incoming CEO Michael Fiddelke, who will lead the company's recovery efforts.
Despite headwinds, Target is pursuing strategic investments to foster growth. The company reported 35% growth in digital sales, driven by same-day delivery services, and has improved on-shelf availability for top items by 150-basis-points. It is also expanding its physical footprint with new, larger format stores that are exceeding sales expectations.
As of the report, Target's stock is priced at $86.37. The company has a market capitalization of approximately $39.25 billion and a trading volume of 2,993,855 shares.
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