Target Stock: Next Stop, $166?

Target is commanding fresh attention ahead of fiscal Q2 earnings next week, with UBS placing a Street-high price target of $166 on the stock—14% above current levels. The retailer has jumped 53% year-to-date as new CEO Michael Fiddelke's turnaround gains traction following three consecutive years of declining sales.

The company posted 6.7% net sales growth in Q1 and doubled its full-year growth target to 4%, prompting multiple analysts to lift their outlooks. The sharp reversal marks a critical test for Fiddelke's strategy after years of underperformance relative to competitors.

Next week's quarterly report will provide the first major checkpoint on whether the Q1 momentum can hold. Investors are pricing in continued sales acceleration, making the results a high-stakes event for the stock's recent rally.