Target (TGT) stock has been nothing short of a blockbuster performer in 2026, but a senior HSBC analyst believes its rally is not out of steam yet. In a research note this morning, Joe Thomas upgraded TGT to “Buy” and raised his price target as well to $190, indicating potential upside of another 22% from current levels.
HSBC’s bullish call is significant given Target shares are already up more than 60% year-to-date.
