Target Corporation (TGT) earnings on May 20, 2026
More Target Corporation earnings
Prior outlook: No statistical edge
Target's stock price fell despite the company improving its sales and earnings forecasts. A broker's downgrade and worries about consumer spending also weighed on the shares.
TGT price around the earnings
122.07
Change: -3.7%
2026-05-20, 23:58 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
Guidance raised, but analysts cautious.
The company has raised its sales and earnings outlook, which is a positive sign. However, analysts remain neutral with little expected upside, and the company has a mixed history of earnings surprises.
Context analyzed before publication
- Summary
- Mixed analyst views, minimal expected price movement, and weak recent performance.
- Reasoning
- Analysts are divided on Target, with the average rating being a 'hold' and very little expected price movement. While some news suggests potential operational improvements, recent price trends are weak, and past earnings have been inconsistent.
- Playbook
- The neutral outlook and lack of strong conviction from analysts reflect a scenario where clearer contexts of sustained growth would be needed before an investment could be justified.
- Trend
- Negative 14d momentum, strong 30d but near resistance.
Analysts
Drivers
-
Analysts
Neutral
The average analyst rating is neutral, with price targets suggesting limited upside.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.54
- Analysts covering the stock
- 32
- Average price target
- 127.38
- Lowest price target
- 88
- Highest price target
- 160
- Upside to price target
- 0.1%
- Quarterly earnings growth
- -5.3%
- Revenue growth
- -1.5%
- Forward EPS
- 8.58
- Trailing EPS
- 8.13
- Analyst moves in the last 60 days
- 8
- Strong buy: 2
- Buy: 9
- Hold: 23
- Sell: 0
- Strong sell: 3
- Strong buy
- 2
- Buy
- 9
- Hold
- 23
- Sell
- 0
- Strong sell
- 3
- May 15, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
- May 15, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
- May 13, 2026 · Truist Securities: Maintains rating (Hold → Hold)
- May 12, 2026 · Barclays: Maintains rating (Underweight → Underweight)
- May 12, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
- May 6, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- April 21, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
- April 20, 2026 · Guggenheim: Maintains rating (Buy → Buy)
News and sentiment
Drivers
-
News & sentiment
Positive
Recent reports indicate more customer visits, which could context an improvement in the company's business operations.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (1)
- S&P 500 Falls For Third Straight Session: Investor Sentiment Weakens, Fear Index Remains In 'Greed' Zone — Benzinga
Technicals
Drivers
-
Technical
Neutral
The stock has shown some strength over the last month, but recent performance has been slightly negative.
Evidence
- Average true range (ATR)
- 3.1%
- Distance to 52-week high
- -4.4%
- 14-day change (14d)
- -0.5%
- 30-day change (30d)
- +6.5%
- 30-day relative strength
- +6.5%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 126.38
- Nearest resistance
- 127.44
- Volume accumulation ratio (14d / 46d)
- 1.53
Trends
Evidence
- Average earnings surprise
- -1.0%
- March 3, 2026: actual EPS 2.44 vs estimate 2.16 (surprise +13.0%)
- November 19, 2025: actual EPS 1.78 vs estimate 1.71 (surprise +4.1%)
- August 20, 2025: actual EPS 2.05 vs estimate 2.04 (surprise +0.4%)
- May 21, 2025: actual EPS 1.3 vs estimate 1.65 (surprise -21.3%)
Expected move
Drivers
-
Past earnings
Neutral
While the company often beats earnings estimates, the amount by which it beats them has been small and inconsistent.
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 6.3%
- 75th percentile move
- 11.3%
- 90th percentile move
- 18.8%
- Up / down moves
- 8 / 11
- Average up move
- +7.9%
- Average down move
- -8.7%
Monitoring and close
What Target Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Consolidated
- -3.7%
- Max move
- -7.7%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.