Where Will Target Stock Be in 1 Year?
It's been a difficult few years for (NYSE: TGT) shareholders. The cheap and chic U.S. retailer has lost some of its cachet as pressured consumers hold off on discretionary purchases, saving their paychecks for the weekly Costco Wholesale run or other essentials shopping.
But there's still a lot to love about Target. Let's see where it is today and where it might be in a year from now.
Target was on top of the world when its digital channels took off early in the pandemic, but it's slipped since then as it deals with one challenge after another. Most of its woes center around its business model as a hub for discount discretionary shopping, with a focus on apparel and home improvement. That's in contrast to retailers like and Costco, which are usually described as Target's competitors but actually are different in their focus on grocery and essentials.
Source Fool.com
Target Corp. Stock
The stock is one of the favorites of our community with 38 Buy predictions and 1 Sell predictions.
As a result the target price of 149 € shows a very positive potential of 70.29% compared to the current price of 87.5 € for Target Corp..
