JP Morgan raises Target's price target to $109, maintains Neutral rating due to weaker Q1 earnings.

From : 2025-05-25 09:00:00

JPMorgan analyst Christopher Horvers raised Target Corp.’s price target from $105 to $109 and maintained a Neutral rating following weaker-than-expected Q1 2025 earnings. Sales dropped by 3.8%, EPS fell to $1.30, and core merchandise margins decreased by 125 basis points. The company experienced market share loss in key categories like grocery and household essentials. Despite challenges, management aims to address supply chain issues and maintain an $8.00 to $10.00 GAAP earnings per share outlook. While TGT shows potential, some AI stocks may offer higher returns and lower risks.



Read more at : JP Morgan Keeps Neutral Rating on Target (TGT), Lifts PT