12:51 PM EST, 02/26/2025 (MT Newswires) -- Target's ( TGT ) Q4 results should at least meet the midpoint of earnings guidance, Oppenheimer said in a report Wednesday.

"TGT is positioned to deliver Q4 EPS at least in line with the midpoint of management guidance of $1.85-2.45," Oppenheimer analysts Rupesh Parikh and Erica Eiler said.

They said this is predicated on a comp increase of about 1.5%, consistent with management's mid-January update.

Amidst accelerating inflation lately, tariff uncertainty, and higher interest rates, the analysts said the discretionary goods rebound is unlikely to be a straight line from here.

"TGT could continue to see some growth challenges in its discretionary categories such as home and hardlines, suggesting to us the potential for a below algorithm top-line guide," they said. Its Q4 results are due March 4.

Oppenheimer kept its outperform rating with a price target of $165.

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