Could Target Be a Millionaire-Maker Stock?

It won't deliver the excitement of an investment in a tiny tech stock or cryptocurrency, but Target (NYSE: TGT) might be just the thing your portfolio needs to supercharge returns over the long term. The retailer is primed for a new level of faster, more profitable growth following a record 2020. It is flush with cash thanks to that pandemic-related demand surge, and management has several attractive initiatives it can fund with those resources -- including higher cash returns to shareholders.

With that positive backdrop in mind, let's look at a few ways in which a Target investment could bolster your retirement portfolio over the next few decades.

Image source: Getty Images.

Source Fool.com