Needham Reiterates Hold on Firm, No New Rating or Target Price

Needham Reiterates Hold on Firm, No New Rating or Target Price

On September 12, 2025, Truist Financial Services has maintained its Hold rating on Target Corporation (NYSE: TGT), with no changes to its price target. The firm's latest research note indicates that Target Corporation's (NYSE: TGT) recent missteps in marketing, merchandising, and other domains have negatively impacted consumer experiences and impressions. Truist believes that Target Corporation (NYSE: TGT) needs to expedite its merchandise innovation and materially accelerate its investment spending to improve its performance. Additionally, Truist has slashed its Q3 comps forecast to down 4% from down 1.3%, citing the drop in Target Corporation’s (NYSE: TGT) sales thus far in the quarter Truist Slashes PT on Target Corporation (TGT) to $83 From $102, Keeps a Hold Rating^[2].

Target Corporation (NYSE: TGT) is a retail giant that operates discount department stores and hypermarkets across the US and Canada. It serves its customers an array of items, including food, everyday essentials, differentiated merchandise at discounted prices, and general merchandise. Its merchandise categories span food and beverages, home furnishing and decor, and others. While Truist acknowledges the potential of TGT as an investment, the firm believes that certain AI stocks offer greater upside potential and carry less downside risk Truist Slashes PT on Target Corporation (TGT) to $83 From $102, Keeps a Hold Rating^[2].