This High-Yielding Dividend Stock Has Soared Past the "Magnificent Seven" in 2026

Target (TGT) has been one of 2026’s biggest standouts, rising about 57% while many so-called “Magnificent Seven” tech names have struggled as enthusiasm for AI has cooled. The article contrasts Target’s move with Tesla’s 18% decline and highlights Apple’s 26% gain. It attributes Target’s rally to years of low valuation and an improving narrative under a new CEO. Even so, performance isn’t portrayed as booming: the most recent quarter ended Aug. 1 showed a 5,3% growth rate and 3,6% in comparable terms. Still, Target trades at a P/E of 16 versus roughly 23 for the S&P 500, and yields about 3%, with 55 consecutive years of dividend increases.