Target Q2 Earnings Due Wednesday; Wall Street's Most Accurate Analysts Revise Forecasts

Target Corporation is set to report its second-quarter earnings before the market opens on Wednesday, August 19, Eastern Time.

Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings per share of $2.33, up from $2.05 in the same period last year. Target's quarterly revenue consensus stands at $26.13 billion, compared to $25.21 billion in the prior-year period.

On July 22, Target appointed the former CEO of 7-Eleven to its board of directors.

Target shares rose 1% to close at $152.48 on Tuesday. Readers can view the latest analyst ratings on the analyst stock ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change, or other variables.

Let's see how the most accurate analysts have recently rated the company.

Telsey Advisory Group analyst Joseph Feldman maintained an Outperform rating and raised the price target from $150 to $170 on August 14. The analyst has a 64% accuracy rate.

Truist Securities analyst Scot Ciccarelli maintained a Hold rating and raised the price target from $130 to $147 on August 14. The analyst has a 70% accuracy rate.

Piper Sandler analyst Peter Keith maintained a Neutral rating and raised the price target from $127 to $146 on August 14. The analyst has a 67% accuracy rate.

Jefferies analyst Corey Tarlowe maintained a Buy rating and raised the price target from $161 to $177 on August 14. The analyst has a 60% accuracy rate.

RBC Capital analyst Steven Shemesh maintained an Outperform rating and raised the price target from $153 to $166 on August 12. The analyst has a 60% accuracy rate.

Considering buying TGT stock? Here's what analysts think.