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Target Announces New CEO Amid Leadership Transition

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Target Announces New CEO Amid Leadership Transition

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Target ( (TGT) ) has shared an update.

On August 15, 2025, Target Corporation announced that Michael J. Fiddelke will become the new Chief Executive Officer effective February 1, 2026, following a succession planning process. Current CEO Brian C. Cornell will step down but continue as Executive Chair of the Board, marking a significant leadership transition for the company.

The most recent analyst rating on (TGT) stock is a Buy with a $116.00 price target. To see the full list of analyst forecasts on Target stock, see the TGT Stock Forecast page.

Spark’s Take on TGT Stock

According to Spark, TipRanks’ AI Analyst, TGT is a Outperform.

Target’s overall stock score reflects a balance of stable financial performance, attractive valuation, and positive technical indicators. The company’s strategic initiatives in digital growth and operational improvements are promising, despite challenges in sales and consumer confidence. The recent corporate event further supports a positive outlook, although ongoing economic uncertainties and rising debt levels require careful management.

To see Spark’s full report on TGT stock, click here.

More about Target

Target Corporation operates in the retail industry, offering a wide range of products including apparel, home goods, and groceries, with a focus on providing value and convenience to its customers.

Average Trading Volume: 6,294,976

Technical Sentiment Signal: Sell

Current Market Cap: $47.69B

Learn more about TGT stock on TipRanks’ Stock Analysis page.

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