Target Corp. (NYSE: TGT) stock hit the bullseye during the first quarter of 2026, with shares climbing as investors grew more confident in the retailer’s turnaround plan. But after the strong run, much of the excitement may already be priced in, leaving Wall Street waiting for more clarity on how the plan plays out.
Shares of Target have risen more than 20% year to date amid optimism that the company’s recovery efforts, aimed at returning the retailer to growth under its new chief executive, Michael Fiddelke, are gaining traction. The renewed confidence has been a much-needed reprieve for investors after a roughly four-year slump that followed the stock’s 2021 high.
