Target Corporation (TGT) earnings on August 19, 2026

Before the market opens Q2 2026

More Target Corporation earnings

Prior outlook: Optimistic Outcome: Accurate

Target's stock rose after its earnings report, climbing as much as 6.2% during the day and closing up 4.4%. The market responded well to the company's latest numbers.

TGT price around the earnings

159.00

Change: +4.3%

2026-08-19, 20:00 UTC

Start of the measured window End of the measured window
144.70 150.43 156.17 161.90 152.48
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 19, 2026
  • 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
Price series around the event

Prior thesis

Prior outlook: Optimistic Outcome: Accurate

Thesis published
Results released

Analysts see a balanced picture: strong recent price trend and strong earnings history, but their price targets suggest a slight drop. The crowd is very pessimistic, which historically can be a positive sign.

Context analyzed before publication

Playbook
The stock has risen strongly recently and is market review near its support level. Analyst targets are below the current price, and the crowd is extremely pessimistic.
Trend
Outlook improved into the event

Analysts

Drivers

  • Analysts Negative

    The average price target of $144 is about 5.4% below the current price of $151.92, with a hold rating from 34 analysts.

Evidence

Analyst consensus
Hold
Consensus average (1-5)
2.54
Analysts covering the stock
34
Average price target
144.31
Lowest price target
92
Highest price target
177
Upside to price target
-5.4%
Quarterly earnings growth
-24.6%
Revenue growth
6.7%
Forward EPS
9.04
Trailing EPS
7.64
Analyst moves in the last 60 days
10
  • August 17, 2026 · DA Davidson: Maintains rating (Buy → Buy)
  • August 14, 2026 · Telsey Advisory Group: Maintains rating (Outperform → Outperform)
  • August 14, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • August 14, 2026 · Piper Sandler: Maintains rating (Neutral → Neutral)
  • August 14, 2026 · Jefferies: Maintains rating (Buy → Buy)
  • August 12, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
  • August 11, 2026 · BMO Capital: Maintains rating (Market Perform → Market Perform)
  • August 11, 2026 · Oppenheimer: Maintains rating (Outperform → Outperform)
  • August 7, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • August 6, 2026 · UBS: Maintains rating (Buy → Buy)

News and sentiment

Drivers

  • News & sentiment Positive

    On StockTwits, only 20% of posts are optimistic, indicating an extremely pessimistic crowd, which historically can be a contrarian positive.

Evidence

Sentiment
Sentiment
Cautious
Mention volume
High
Normalized volume
99%
News
Sources (2)

Technicals

Drivers

  • Technical Positive

    The stock has gained 9.21% over the past month and is outperforming the S&P 500 by 5.97%. Support is at $152.41 and resistance at $153.34.

Evidence

Price when the context was analyzed
152.49
Average true range (ATR)
2.3%
Distance to 52-week high
-1.9%
14-day change (14d)
+3.0%
30-day change (32d)
+9.2%
30-day relative strength
+6.0%
SPY change (32d)
+3.2%
Nearest support
152.41
Distance to nearest support
0.1%
Nearest resistance
153.34
Distance to nearest resistance
0.6%
Volume accumulation ratio (14d / 46d)
0.9
  • Mid: 152.41 (0.1% away, 0.02 ATR, 14 touches)
  • Mid: 151.76 (0.5% away, 0.21 ATR, 11 touches)
  • Mid: 150.69 (1.2% away, 0.52 ATR, 21 touches)
  • Mid: 153.34 (0.6% away, 0.25 ATR, 11 touches)
  • Mid: 154.29 (1.2% away, 0.53 ATR, 19 touches)
  • Mid: 154.9 (1.6% away, 0.7 ATR, 16 touches)

Trends

Evidence

Average earnings surprise
+8.8%
  • May 20, 2026: actual EPS 1.71 vs estimate 1.46 (surprise +17.3%)
  • 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 2.03 (surprise +0.8%)

Expected move

Drivers

  • Past earnings Positive

    The company has beaten earnings expectations in every quarter, with an average surprise of +8.8%. Recent beats were +17.3%, +13.0%, +4.1%, and +0.8%.

Implied move
+6.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
5.8%
75th percentile move
10.8%
90th percentile move
18.3%
Up / down moves
8 / 12
Average up move
+7.9%
Average down move
-8.3%

Monitoring and close

What Target Corporation reported

Status
Finished
Actual EPS2.46
EPS estimate2.33
EPS surprise+5.6%
Revenue$26,539 million
Revenue estimate$26,141 million
Revenue surprise+1.5%

Target doubles profit to $1.88B in Q2, digital sales up 8.7% and raises annual outlook. Shares hit 52-week highs as turnaround accelerates.

Sources (12)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating -0.1% pre-market, a move below the stock's usual reaction (about 6%). The figures don't confirm the prior scenario: that move is too small to draw conclusions from.

How the stock reacted

Outcome
Accurate
Consolidated
+4.3%
Max favorable move (MFE)
6.2%
Max adverse move (MAE)
5.6%