HSBC Upgrades Target to Buy from Hold
Fintel reports that on September 30, 2026, HSBC upgraded their outlook for Target (NYSE:TGT) (BMV:TGT) from Hold to Buy.
On September 30, 2026, the latest close for Target was $156.63, following a pre-action close of $156.43 on September 29, 2026. The stock recorded a price change of +0.24% over a one-week period from a baseline close of $156.26 on September 23, 2026. Over a one-month period, the price change was -4.01% from a baseline close of $163.18 on August 28, 2026. In its latest earnings report on August 19, 2026, Target reported an actual EPS of 2.46 and actual revenue of $26,539,000,000.00.
Consensus target price data as of September 15, 2026, showed a current consensus target mean of $165.83 and a median of $163.71. This mean target represents an implied change of +5.87%. The prior consensus target mean was $164.90 as of August 28, 2026, representing a consensus target revision percent of +0.56%.
For the current recommendation period of September 1, 2026, the total recommendation count was 43. This consisted of 7 strong buy, 8 buy, 25 hold, 3 sell, and 0 strong sell recommendations, representing 34.9% positive, 58.1% hold, and 7.0% negative recommendations. In the prior recommendation period of August 1, 2026, the total recommendations were 44, with 8 strong buy, 8 buy, 25 hold, 3 sell, and 0 strong sell recommendations, representing 36.4% positive, 56.8% hold, and 6.8% negative recommendations.
Target Corporation, based in the United States, is a significant player within the retail industry, focusing predominantly on large-format general merchandise and food discount stores. The company operates a wide network of stores across the U.S. and maintains digital channels, offering household essentials, apparel, and electronics.
Recent analyst actions
| Date | Analyst | Prior | Latest recommendation | Action |
|---|---|---|---|---|
| September 30, 2026 | HSBC | Hold | Buy | upgrade |
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This story originally appeared on Fintel.