Target rises after annual forecasts above estimates

Shares of big-box retailer Target TGT.N up ~4% at $117.50 premarket

Co forecasts annual same-store sales above estimates, betting on demand for categories such as apparel at its stores, as well as benefits from recent cost saving efforts and its advertising business

Expects 2026 net sales growth of 2% from 2025 vs estimates for a rise of 1.76% - data compiled by LSEG

Projects full-year earnings per share in the range of $7.50 to $8.50, largely above estimates of $7.68 per share

TGT posts Q4 EPS of $2.44, beating estimates of $2.16

However, quarterly revenue of $30.45 billion slightly misses estimates of $30.48 billion

Stock fell 27% in 2025