**Target's Q3 comparable sales outlook reflects sustained momentum from its second-quarter turnaround.** The retailer posted 3.8% comparable sales growth in Q2 2026, driven by 3.6% traffic gains and broad strength in beauty, hardlines, and food & beverage categories, while apparel and home remained softer. Management raised full-year net sales guidance to around 5%, citing merchandising resets, store remodels, AI-driven operations, and non-merchandise revenue expansion exceeding 20%. Analyst consensus revenue estimates for Q3 imply continued positive comps in the low-to-mid single digits ahead of the November 18 earnings release. The 3%–5% range captures the base case of steady but moderating growth as the company laps easier comparisons and prepares for holiday execution risks in discretionary categories.