US Stock Movement | Target (TGT.US) Shares Up Over 5%; FY2026 Earnings Guidance Surpasses Expectations

LootboxPhobia · 2026-03-04T01:49:18+00:00

Target announced its earnings guidance for fiscal year 2026, expecting earnings per share of $7.50 to $8.50, surpassing analyst expectations, and forecasted sales to resume growth, leading to a more than 5% increase in stock price.

LootboxPhobia

2026-03-04 01:49:18

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According to Cailian Press, on Tuesday, Target (TGT.US) rose over 5%, trading at $119.51. In terms of news, Target announced better-than-expected earnings guidance for fiscal year 2026 and expects to return to growth in FY2026 after three consecutive years of sales decline, indicating that its transformation plan is making progress.

Target expects adjusted earnings per share for FY2026 to be between $7.50 and $8.50, with a midpoint of $8.00, higher than the analyst consensus of $7.63. The company also projects that net sales for FY2026 will increase by approximately 2% compared to FY2025, and added that it expects net sales to grow in every quarter of the year.

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