Where Will Target Be in 5 Years?
Target's (NYSE: TGT) stock has more than doubled over the past five years as the retailer has impressed investors with its robust growth rates and resilience against Amazon (NASDAQ: AMZN) and other formidable rivals.
But with its stock hovering near all-time highs, can Target continue to attract the bulls over the next five years? Let's take a closer look at its core business, its ongoing expansion efforts, and its five-year outlook to find out.
When Brian Cornell took over as Target's CEO in 2014, the retailer was struggling with sluggish comparable store sales and intense competition from Amazon and Walmart (NYSE: WMT). The company had also just suffered a massive data breach and was racking up big losses from a disastrous expansion into Canada.
Source Fool.com
