Update: PS5 consoles are currently sold out at Target; check the PS5 Restock Hub for updates on PS5 restocks and which retailers to check next for availability. The start of a new year means new opportunities for PS5 restocking. Although the holiday season has passed, demand for Sony's next-generation gaming console has not waned, and the console remains extremely hard to find.

The good news is that Target is holding its first PS5 restocking sale for 2022 right now. If you are still looking for Sony's next generation console, head to the retailer where you can currently purchase a PS5 for $499.

This PS5 restocking news originally came from YouTuber and dedicated PS5 inventory tracker Jake Randall. His exclusive tip was once again proven correct.

Randall claims that some larger Target stores currently have as many as 150-200 PS5 consoles. However, many stores have only 20-40 consoles. While this may not sound like a huge amount, retailers have previously restocked their inventory with fewer units per store. If this inventory count is accurate, this will be Target's largest PS5 restock to date.

The exact date and time of this restock is currently unknown. Based on Target's track record of PS5 restocking to date, it is expected that it will most likely take place later in the week on Thursday (January 6) and Friday (January 7). Historically, Target has always opened the gates for orders between 6 a.m. and 9 a.m. ET. Dozens of previous restockings have followed exactly this pattern, and there is no reason to believe that this restocking will change that.

While this PS5 restocking is technically unconfirmed, there is plenty of reason to be optimistic that it will actually happen. Jake Randall has a very reliable source at Target and has accurately reported several Target restockings in the past. Nevertheless, until we hear directly from Target itself, we should not take this tip as an official confirmation.

While we wait for this Target drop to happen, please bookmark our PS5 restocking hub. This comprehensive guide contains the latest restocking information we've obtained, as well as rumors and potential leaks. While this guide won't guarantee you a PS5, it will make the task of acquiring Sony's in-demand gaming console a little easier.

First, make sure you have an account set up with your payment and address details saved. This is an essential step if you want to secure your PS5 when it is restocked. Stocking the basket is only half the battle. You don't want the console to be sold out while you are entering the details. Make sure everything is saved so you can check out in seconds.

Target is known for releasing inventory in waves, usually releasing the regular PS5 first, followed by a restock of PS5 digital versions. Therefore, even if the PS5 is already sold out at the retailer, it is worth sparing the time to go after the second wave.

Randall also recommends using alternative payment methods such as PayPal, Apple Pay, or RedCard if possible. The advantage of these is that using another payment portal avoids Target's own servers, which have collapsed under the burden of trying to secure the order confirmation emails that thousands of people have coveted in the past.

Target also has an app that can be used to secure PS5. A good trick is to try to check out the restock on both your desktop and mobile device. Once you are able to add the PS5 to your cart on one, we recommend switching to the other and completing the checkout process. As long as you are logged in, the contents of your cart will be recorded.

Finally, if the PS5 is sold out at your local store, you can edit your location at checkout to select a store that has it in stock. If this happens, please clear your browser cookies and try again.