Target’s Q3 2026 comparable sales expectations center on the 3%–5% range at 54.5% market-implied odds, reflecting sustained momentum from the retailer’s turnaround under CEO Michael Fiddelke. Q2 results showed 3.8% comps driven by 3.6% traffic growth and 8.7% digital gains, prompting an upward revision of full-year net sales guidance to around 5%. Recent September price reductions on apparel and home categories, alongside assortment refreshes and expanded Beauty Studio offerings, aim to support value-conscious shoppers ahead of the holiday season. Analyst revenue consensus near $27.26 billion for the quarter implies low-to-mid single-digit growth off the prior-year base, consistent with the leading probability band while acknowledging risks from discretionary category softness and competitive pressures.