Target rises after forecasting annual sales, profit above estimates

Shares of big-box retailer Target TGT.N rise as much as 5.7% to a one-year high of $119.65

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

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