I've Been Wrong About Target's Stock for 5 Months. Here's Why I'm Finally Changing My Mind.

After predicting Target's stock would stagnate, analyst Leo Sun reverses his stance as the retailer demonstrates a strong turnaround. Target's comparable sales grew 5.6% in Q1 FY2026, store traffic increased 4.4%, and the company raised full-year guidance. With improving margins, new product categories, and a new CEO driving efficiency, Target trades at an attractive 18x forward earnings with a 3.1% dividend yield.