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The latest announcement is out from Target ( (TGT) ).
On February 1, 2026, Target implemented a leadership transition in which Michael J. Fiddelke became Chief Executive Officer and a member of the board, with his compensation set on January 31, 2026. Fiddelke will receive a $1.30 million annual base salary, a target annual cash incentive equal to 200% of salary under the Short-Term Incentive Plan, and stock-based awards under the 2020 Long-Term Incentive Plan with a target value of $12.1 million, along with continued eligibility for leadership-level benefits as an at-will employee. Effective the same date, former CEO Brian C. Cornell stepped down from that role to serve as Executive Chair of the Board, and on February 2, 2026, Target agreed to provide him with a $1.12 million base salary, a fiscal 2026 cash incentive opportunity at 200% of salary, and a March 2026 restricted stock unit grant valued at $6.0 million, while his prior equity awards continue to vest and he remains an at-will employee expected to serve as executive chair or special advisor until March 13, 2027, though he is no longer entitled to severance under the company’s Income Continuation Plan.
The most recent analyst rating on (TGT) stock is a Sell with a $80.00 price target. To see the full list of analyst forecasts on Target stock, see the TGT Stock Forecast page.
Spark’s Take on TGT Stock
According to Spark, TipRanks’ AI Analyst, TGT is a Outperform.
The score reflects solid underlying financial quality and cash generation despite weak revenue trends, supported by constructive technical momentum and attractive valuation (low P/E and strong dividend). The latest earnings call tempers the rating due to ongoing comparable-sales declines, discretionary softness, and cost pressures even as digital growth and strategic investments provide longer-term positives.
To see Spark’s full report on TGT stock, click here.
More about Target
Target is a large U.S. general merchandise retailer that operates a nationwide chain of stores and an online platform, offering a wide range of products including apparel, home goods, groceries, and everyday essentials to mass-market consumers.
Average Trading Volume: 7,242,866
Technical Sentiment Signal: Buy
Current Market Cap: $51.68B
Find detailed analytics on TGT stock on TipRanks’ Stock Analysis page.