Target price target raised to $127 from $112 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the firm’s price target (TGT) on Target to $127 from $112 and keeps a Neutral rating on the shares. Target shares fell 3.9% despite a Q1 earnings beat and raised FY26 guidance, as investors remained concerned about tougher Q2 comparisons, slowing benefits from tax refunds, weak execution in home and apparel, persistent market share pressures from competitors, and the risk that elevated labor, merchandising, and technology costs could weigh on longer-term earnings growth, the analyst says in a research note.