Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Target expects strong Q1 but warns of tougher sales as tax refund boost fades

Market News
13 May 2026
Proactive Investors
View Source
Bearish
pluang ai news

Target Corp is forecasted to report strong first-quarter earnings with a 6% rise in EPS to $1.42 and 2% comparable sales growth, supported by tax refund-driven clothing sales. However, Bank of America maintains an Underperform rating, citing challenges ahead including fading tax refund benefits, tariff-related pricing pressures in H2 2026, and high gas prices. The retailer's outlook for Q2 is cautious but optimistic on merchandising, with new apparel partnerships and store investments expected to take time to impact earnings. Upside risks include better earnings flow-through and positive Q2 commentary.

More News (TGT)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App