TGT · News · 20260806N

Customer Dynamics

TARGET CORP · 2026-08-06 · Importance 37 · Surprise 56

Edible Garden said it secured new or expanded fresh-herb and organic-produce programs with major retailers including Target. The retailer demand followed consolidation in controlled-environment agriculture and the shutdown of a major indoor-farming operator. Edible Garden reported cut-herb sales growth of approximately 45.9%, indicating potential incremental supply opportunities for Target’s grocery assortment.

Key facts

• FMR LLC filed a Schedule 13G disclosing a 5.4% beneficial ownership stake in Target common stock as of June 30, 2026, representing 24,656,695.28 shares, with sole voting power over 19,021,486.45 shares and sole dispositive power over all 24,656,695.28 shares. source
• UBS projects Target's comparable sales growth of 3% or more and increased its price target for Target to $166 from $144. source