Target makes it into Josh Brown's Best Stocks list as the retailer's charts show signs of life

March 5, 2026

TL;DR

Target (TGT) stock has seen a significant turnaround, outperforming Walmart (WMT) in recent performance metrics.
The stock experienced a 7% gain after reporting earnings, beating EPS expectations despite a slight miss on revenue.
Prior to the recent bounce, Target was in a 68% drawdown, worse than its Global Financial Crisis drawdown.
New organizational changes, including a new CEO and board members, have been implemented with a focus on simplicity, speed, and accelerated growth.
Investments include 30 new full-size stores and 130 remodels by 2026, aiming for 2-4% annual sales growth.
Target's retail media network, Roundel, generated $2 billion in revenue and is expected to double in size within five years.
Technical indicators show a positive shift, with the stock reclaiming its 200-day moving average and momentum building.
Key risk management levels are identified around the 50-day ($108) and 200-day ($99-$100) moving averages.

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