Target Stock Up More Than 30% in 6 Months: Is It Too Late to Buy TGT?

Target's stock has surged 34.4% over six months, significantly outperforming peers and the broader market, driven by improving business trends, stronger consumer engagement, and solid digital performance. The company raised fiscal 2026 net sales guidance to around 5% and adjusted EPS guidance to $9.90-$10.90. Trading at 15.86x forward earnings—below industry average but above its one-year median—Target receives a Zacks Rank #2 (Buy) rating, with analysts suggesting existing investors hold while prospective investors gradually build positions.