Target stock plummeted 6.3% after the COO was named the new CEO, sparking investor skepticism over internal leadership’s ability to reverse sales declines. TGT has struggled YTD, down 27% due to sales sluggishness and cost pressures. Analysts remain divided on whether to buy, sell, or hold TGT stock.

In Q2 2025, Target reported a marginal decline in net sales to $25.2 billion, with comparable sales falling by 1.9%. Adjusted EPS dropped to $2.05, and operating income decreased by 19.4% YOY. The company reaffirmed its fiscal 2025 guidance, expecting a low-single-digit decline in sales and adjusted EPS of $7-9.

Wall Street sentiment towards Target has turned cautious, with multiple downgrades. Truist reduced its price target due to concerns over the new CEO’s ability to drive strategic changes. Jefferies lowered its target but cited digital growth as key. Bank of America downgraded Target, citing sluggish digital sales and competitive pressures.

TGT stock has a consensus “Hold” rating with analysts divided on the outlook. The average price target is $107.87, indicating an 8.7% upside potential. However, the street-high target of $135 suggests a possible 36% rally from current levels. Analysts are closely watching Target’s performance under new leadership.

Read more at Yahoo Finance: Is Target Stock a Buy, Sell, or Hold After Appointing a New Insider CEO?