RBC Raises Price Target on Target to $132 Ahead of Q1: Is the Turnaround Finally Resonating?

RBC Capital raised Target's price target to $132 from $130 and kept an Outperform rating ahead of next week's Q1 FY2026 earnings report. The update is a modest positive for sentiment, signaling continued analyst confidence into the print. The move is likely to have limited price impact on its own, but it may support expectations heading into earnings.

Analysis

RBC Capital raised Target's price target to $132 from $130 and kept an Outperform rating ahead of next week's Q1 FY2026 earnings report. The update is a modest positive for sentiment, signaling continued analyst confidence into the print. The move is likely to have limited price impact on its own, but it may support expectations heading into earnings.