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Target Corporation (NYSE:TGT) is included among the 10 Best Inflation-Hedge Stocks to Buy for 2026.

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On May 8, RBC Capital analyst Steven Shemesh raised the firm’s price recommendation on Target Corporation (NYSE:TGT) to $132 from $130. It reiterated an Outperform rating on the shares ahead of the company’s Q1 results. The analyst said the firm is cautiously optimistic that Target’s turnaround efforts are starting to connect with consumers.

On April 21, Target announced a limited-time collaboration with Parke, a premium brand that has gained popularity among Gen Z consumers for its community-focused approach and elevated basics. Parke builds its collections by listening directly to its audience, designing products around customer feedback, including what shoppers like and what they believe is missing from their wardrobes. The company said this approach helps create collections that feel more personal and reflective of how consumers want to present themselves every day.

Target Corporation (NYSE:TGT) is a general merchandise retailer that sells products through its stores and digital platforms. The company offers everyday essentials and differentiated merchandise at discounted prices to its customers, whom it refers to as guests.

While we acknowledge the potential of TGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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