US Stock Market Move | Target Corporation (TGT.US) rose more than 5% as its fiscal year 2026 earnings guidance exceeded expectations.

On Tuesday, Target Corporation (TGT.US) rose over 5% to $119.51. In terms of news, Target Corporation announced better-than-expected profit guidance for fiscal year 2026 and expects sales to rebound in fiscal year 2026 after three consecutive years of decline, showing that its transformation plan is yielding results. Target Corporation expects adjusted earnings per share of $7.50 to $8.50 for fiscal year 2026, with the midpoint of this forecast at $8.0, higher than the analyst consensus of $7.63. The company also expects net sales for fiscal year 2026 to increase by approximately 2% compared to fiscal year 2025, and added that they anticipate net sales to grow each quarter throughout the year.