Target shares have surged over 36% in 2026 as CEO Michael Fiddelke's turnaround gains traction.
- Target has been one of retail’s top-performing stocks in 2026, driven by stronger consumer demand and higher store traffic.
- Wall Street analysts recently backed Target’s turnaround strategy, citing stronger execution, improved merchandising, and inventory management.
- Positive Q1 results, including 6.7% revenue growth and higher store traffic, is helping the retailer’s recovery.
Target Corp. (TGT) stock is headed for a monthly gain as the retailer’s rebound gained pace under CEO Michael Fiddelke, who assumed the top role earlier this year.
The stock has emerged as one of the best performers among retailers so far in 2026, with shares climbing more than 36% as the company benefits from stronger consumer spending, improving store traffic, and a growing mix of higher-margin revenue streams.
TGT Expands Design Leadership
On Wednesday, Target named renowned fashion designer Isaac Mizrahi as its first-ever creative director at large, a new role aimed at strengthening the retailer’s design, products, and brand image.
The Minneapolis-based company said the partnership will give Mizrahi a broad role across its design organization, where he will help guide creative strategy and identify new opportunities for collaboration.
"My partners at Target and I have always shared the idea that great design should belong to everybody, and Target is poised to be the design authority in a way only Target can,” said Mizrahi.
Wall Street Backs TGT’s Growth Strategy
Last week, Target earned Wall Street analysts’ support as the retailer advances a multi-year turnaround effort focused on merchandising, inventory management and operational execution.
Guggenheim said management remains committed to a strategy built around what it described as "specialization at scale.” Goldman Sachs said the company’s executives appeared more decisive and focused in their efforts to strengthen Target’s product assortment and brand appeal.
Gordon Haskett said it remains optimistic about Target’s recovery, pointing to the company’s renewed focus on value, ongoing operational improvements and plans to enhance its product selection.
Target’s fiscal first-quarter results showed shoppers returning to categories such as apparel, beauty products and home furnishings rather than focusing only on everyday necessities. Total revenue grew 6.7% to $25.4 billion, while comparable traffic increased 4.4%, reflecting broad-based strength across the retailer’s merchandise portfolio.
What Are TGT Retail Traders Saying
On Stocktwits, retail sentiment around the stock turned to ‘neutral’ from ‘bearish’ territory the previous day with a 600% surge in message volume in 24 hours.
A user expected a ‘breakout’.
View this Stocktwits post
Another user said they started buying the stock after it began showing positive momentum.
View this Stocktwits post
TGT stock has gained over 40% in the last 12 months.
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