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Target Corporation (NYSE:TGT) shares rose around 1. 4% in premarket trading on Wednesday after the retailer posted first-quarter results that came in ahead of Wall Street forecasts.

The main US stock measures were pointing higher in Wednesday's premarket activity as traders await t

Target, which embarked on a turnaround plan under its new CEO three months ago, reported its largest jump in comparable sales in four years Wednesday. More customers buying in all six of Target’s main merchandising categories helped deliver the better-than-expected sales, the company said. Comparable sales — those coming from stores and digital channels operating for at least 12 months, rose 5.6% in the three-month period ended May 2.

Fiddelke said the first quarter “represents the start of our journey.”

General merchandise retailer Target (NYSE:TGT) reported revenue ahead of Wall Street’s expectations in Q1 CY2026, with sales up 6.7% year on year to $25.44 billion. Its non-GAAP profit of $1.71 per share was 17.3% above analysts’ consensus estimates.

After a string of weak results, retailer says more shoppers are gravitating to its refreshed products and stores.

Target CEO Michael Fiddelke says the company saw strength in its consumers across geographies and merchandise categories.

Target Corporation Reports First Quarter Earnings

Micron shares rise on the prospect of a strike affecting rival memory-chip maker Samsung, while Nvidia climbs ahead of its earnings report due after the closing bell Wednesday.

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England previously served as chief supply chain officer at Genuine Parts Company and has spent nearly two decades at Walmart across operations, strategy and finance roles.

US stocks mixed, Nasdaq up 0.39% as Dow down 0.03%. Target Corp beats earnings, oil down 2.4% and mortgage applications decline by 2.3%.

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Here are five key things investors need to know to start the trading day.

The 30-year US Treasury yield touched 5.18% on Tuesday, the highest level since the early days of the 2007 financial crisis. That's not a footnote.

These are the stocks posting the largest moves premarket.

Target (NYSE:TGT) raises FY2026 sales outlook from $106.876 billion to $108.450 billion-$109.500 billion vs $107.224 billion estimate.

Target (NYSE:TGT) affirms FY2026 Adj EPS guidance from $7.50-$8.50 to $7.50-$8.50 vs $8.14 analyst estimate..

Target (NYSE:TGT) reported quarterly earnings of $1.71 per share which beat the analyst consensus estimate of $1.46 by 17.12 percent. This is a 31.54 percent increase over earnings of $1.30 per share from the same period

May 20, 2026, Wednesday: Polymarket traders remain bullish on the S&P 500 despite rising bond yields ahead of Nvidia earnings.

The stock market fell Tuesday as yields hit new highs, but some AI leaders like Micron and Sandisk rebounded. Nvidia earnings loom.

We are more bullish on the sector than we were a year ago, reflecting reduced recession risk and greater tariff visibility.

U.S. stock futures mixed, focus on NVIDIA, Toll Brothers, Target, Roblox, Lowe's earnings. Roblox announces $3B repurchase program. Photo: Shutterstock

The CNN Fear & Greed index showed a decline in market sentiment. Investors await earnings from AS, HD, NVDA, TGT, and LOW.

The stock market fell Tuesday as yields hit new highs, but some AI leaders like Micron and Sandisk rebounded. Nvidia earnings loom.

In mid‑May 2026, Trillium Asset Management urged Target shareholders to vote against Executive Chair Brian Cornell and Lead Independent Director Christine Leahy at the upcoming June 10 annual meeting, while brands like RYZE, Seven Sundays, Ready, and Onside announced new product launches and expansions across Target stores nationwide. These developments highlight how Target is simultaneously facing boardroom pressure over governance and performance while pushing harder into wellness,...

Asking for a Trend host Josh Lipton gets investors ready for the busy trading day ahead on May 20, breaking down the key earnings reports to watch — including Nvidia (NVDA), TJ Maxx (TJX), Lowe’s (LOW), and Target (TGT) — along with the release of the Fed’s April FOMC meeting minutes.