The wage rise would begin at all of its 1,800 US stores in April.
The move follows announcements of wage increases by the world's biggest retailer Walmart and TJ owner TJX last month.
US labour groups have been petitioning for a "living wage" at retailers and fast food restaurants.
The US federal minimum wage of $7.25 an hour has not increased since 2009 despite efforts by US President Barack Obama to boost workers' earnings.
Target has said that it pays higher than the federal minimum wage in all its stores.
The company did not respond to BBC requests for comment.
Industry change
Walmart led the charge when it said that it would pay its employees the $9 minimum starting in April and workers with about six months training would receive a minimum of $10 an hour in 2016.
TJX soon followed after, announcing it would match the $9 amount in June at its TJ and Marshalls stores.
In its industry, Target is the leader for raising minimum wage.
The US federal minimum wage was changed in 2009
BBC asked Target on the issue of wage increases.
Obama agrees that workers should earn more money as their wage.
TJ and Marshalls are owned by TJX
The US economy is growing at the rate of 5.5%