Can Target’s (TGT) Turnaround Justify the 60% YTD Rally?

Target Corporation (NYSE:TGT) has become one of the more surprising retail stocks of 2026. Its shares are up roughly 60% year-to-date, far outpacing Walmart and Costco, which have gained less than 6% over the same period. That raises an obvious question: has Target actually become a much better business, or has the stock simply gotten ahead of itself? The answer may lie somewhere in between. Target's turnaround is showing real signs of progress, but investors are now paying more attention to how much of that improvement is already reflected in the stock. DON'T MISS: Jim Cramer Says Buy Walmart (WMT) as Target's (TGT) Turnaround Gains MomentumCan Target's (TGT) Turnaround Justify the 60% YTD Rally? Ken Wolter / Shutterstock.