Shares gained 1.06% to $130.19 on Wednesday, while the S&P 500 rose 1.46% and the Dow added 1.24% in a broad market rally.
Target closed 2.19% below its 52-week high of $133.10 reached on 21 April and outperformed Amazon, Walmart and Costco during the session.
Trading volume was 4.1 million shares, about 1.4 million below its 50-day average of 5.6 million, indicating the advance came on lighter-than-usual activity.
With its stock up 32%, can Target's big spending plan actually win against Amazon and Walmart?
As sales finally recover, can Target overcome declining shopper loyalty to secure its comeback?