On August 24, Target rose 3.1% in regular trading, trading at $170.52/share, with turnover of $276 million. The rally extends post-earnings momentum following the company's blowout Q2 results released on August 19.

Target reported fiscal Q2 adjusted EPS of $4.11, nearly double the consensus estimate of $2.34. Net sales reached $26.54 billion, up 5.3% year-over-year, surpassing the $26.13 billion expectation. The company simultaneously raised its full-year adjusted EPS guidance to $9.90–$10.90, far exceeding the prior range of $7.50–$8.50 and the analyst consensus of $8.52. Digital comparable sales grew 8.7%, with same-day delivery surging over 25%.

Following the results, multiple investment banks raised their price targets: Evercore ISI to $170, Goldman Sachs to $161, Mizuho to $150, Barclays to $140, and Jefferies to $177. RBC Capital Markets noted that broad-based comparable sales growth signals further progress in Target's turnaround efforts. The company plans to resume share buybacks in the second half of the year, while management highlighted seven priority growth categories now contributing approximately 50% of total sales.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)