Target (TGT) stock was up on Wednesday after the retailer confirmed an expansion to its delivery services. Target has revealed it will bring next-day delivery to 35 major metro areas in the U.S. by the end of October. The company noted that this will have it ready to serve customers with speedy deliveries during the busy holiday shopping season.
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Target highlighted that a large percentage of the goods it sells online are available for next-day delivery. That includes 85% of its e-commerce offerings. The company also pointed out that next-day delivery is free to customers who order a minimum of $35 worth of goods. Customers who are part of Target’s Circle 360 subscription service or use a Target Circle Card to complete their order have no minimum requirement for next-day delivery. If none of these criteria are met, customers will pay $5.99 for next-day delivery.
Additionally, Target noted that it plans to further expand next-day delivery in 2026. The company aims to have it available in even more U.S. metro areas, such as Cincinnati, Ohio; Portland, Oregon; and Salt Lake City, Utah. In total, the retailer plans to bring the service to another 20 markets next year.
Target Stock Movement Today
Target stock was up 0.43% on Wednesday but remained down 31.27% year-to-date. The company’s shares have also fallen 41.59% over the past 12 months. Target has suffered due to inflation, tariffs, and its controversial political opinions.
Is Target Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Target is Hold, based on seven Buy, 12 Hold, and four Sell ratings over the past three months. With that comes an average TGT stock price target of $104.38, representing a potential 15.78% upside for the shares.
