Target rises as Guggenheim lifts target to $145

1 min read Updated on 12 Jun 2026, 09:15 PM

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Radhika SScanX News Team

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Guggenheim analyst John Heinbockel maintained a Buy rating on Target and raised the price target to $145 from $140, signaling confidence in earnings momentum. This follows Target's board approving a quarterly dividend increase to $1.16 per share, marking the 55th consecutive annual dividend hike. The stock is trading at a new 52-week high, supported by strong technical indicators and bullish Benzinga Edge scores.

*this image is generated using AI for illustrative purposes only.

Target Corp (NYSE: TGT) shares are trading higher Friday after Guggenheim analyst John Heinbockel reiterated a Buy rating and lifted the price target to $145 from the previous $140. The revision signals increased confidence in the retailer's earnings momentum and margin recovery potential. This adjustment underscores the analyst's positive stance on Target's stock trajectory and suggests expectations of further upside.

The move builds on positive news from Thursday, when Target's board approved a quarterly dividend increase to $1.16 per share from the prior $1.14. This marks the company's 55th consecutive year of raising its annual dividend and its 236th straight quarterly payout since 1967.

Target continues to hold a strong technical trend structure. The stock trades about 8% above both the 20-day and 50-day simple moving averages, roughly 13% above the 100-day, and about 27% above the 200-day. The 20-day sits above the 50-day, and the golden cross that formed in January, when the 50-day moved above the 200-day, keeps the longer-term trend pointed higher.

Metric	Value
Rating	Buy
Previous Price Target	$140
New Price Target	$145
Quarterly Dividend	$1.16

Momentum supports this strength, with the MACD above its signal line and a positive histogram signaling improving upside pressure. With price now above the prior 52-week high at $133.10, that former ceiling can begin acting as support if the breakout holds. Key support is identified at $117.00.

Benzinga Edge rankings highlight Target's strengths: Momentum is Bullish (82.2/100), Quality is Bullish (74.95/100), and Value is Bullish (79.66/100), while Growth is Neutral (68.31/100). Target shares were up 2.25% at $135.62 at the time of publication on Friday, trading at a new 52-week high.

What specific operational strategies is Target implementing to drive the anticipated margin recovery?

How sustainable is Target's current earnings momentum given the neutral growth rating?

What risks could challenge the stock's ability to maintain its position above the new 52-week high?

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Target raises quarterly dividend by 1.8% to $1.16 per share

0 min read Updated on 11 Jun 2026, 04:10 PM

Reviewed by

Suketu GScanX News Team

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Target increases its quarterly dividend by 1.8% to $1.16 per share, payable on September 1, 2026, to shareholders of record on August 12, 2026. This marks the 236th consecutive dividend since October 1967 and puts 2026 on track for the 55th consecutive year of annual dividend growth.

*this image is generated using AI for illustrative purposes only.

Target has raised its quarterly dividend by 1.8% to $1.16 per share, continuing a streak of shareholder returns that spans nearly six decades. The new dividend is payable on September 1, 2026, to shareholders of record at the close of business on August 12, 2026. This increase marks the 236th consecutive dividend paid by the company since it became publicly held in October 1967.

With this adjustment, 2026 is positioned to be the 55th consecutive year in which Target has increased its annual dividend. The company has maintained a consistent policy of returning capital to shareholders through regular distributions.