Target Stock Has Been Crushed. Here's Why I'm Not Giving Up on It.

Target’s stock has bounced sharply after a deep downturn, and the case for staying with the retailer is based on an operational recovery, a tariff-refund boost, and improving digital momentum. The article notes shares bottomed near $81.20 in late 2025, then gained 66.28% year to date, aided by CEO Michael Fiddelke’s turnaround, a blowout Q2, and a “tariff-refund tailwind.” It cites a 24/7 Wall St. price target for Target of $183.19, implying 12.2% upside over 12 months with a buy rating. Q2 results included revenue of $26.54 billion (+5.27%), comps up 3.8%, traffic up 3.6%, and adjusted EPS of $4.11, which topped consensus; the quarter included a $1.65 per share benefit from $994 million in IEEPA tariff refunds. The bull view highlights digital comps accelerating to 8.7% and non-merchandise revenue rising over 20%. Potential risks include non-recurring refunds and ongoing underperformance in home and apparel.