Target Stock Up More Than 30% in 6 Months: Is It Too Late to Buy TGT?

TGT has rallied 34.4% over the past six months, outpacing retail peers and the broader market. The Minneapolis-based retailer lifted its fiscal 2026 net sales guidance to approximately 5% growth and raised adjusted earnings-per-share guidance to a range of $9.90 to $10.90, according to Zacks Investment Research.

The stock now trades at 15.86 times forward earnings—below the retail industry average but above its one-year median valuation. Zacks assigned TGT a Rank #2 (Buy) rating, though analysts recommend current shareholders hold their positions while new investors consider gradual accumulation rather than immediate full positions.

The upward revision follows improved business trends, stronger consumer engagement across stores, and solid performance in digital channels. The guidance increase signals management confidence in sustained momentum through the current fiscal year.