Where Will Target Stock Be in 1 Year?
(NYSE: TGT) isn't due to announce its next quarterly update for a few weeks, but investors are already busy making projections about the struggling retailer's business. On average, Wall Street pros expect sales to fall by about 1% year over year for the selling period that runs through late July following a flat result in the previous quarter.
Target is dealing with major sales and earnings challenges stemming from a sharp demand shift away from merchandise categories that were booming during the pandemic. Yet inventory levels are down, potentially setting the business up for a solid rebound over the next few quarters.
Against that mixed backdrop, let's take a look at the possibilities ahead for this retailer over the next year.
Source Fool.com
Target Corp. Stock
Currently there is a rather positive sentiment for Target Corp. with 38 Buy predictions and 12 Sell predictions.
On the other hand, the target price of 124 € is below the current price of 131.8 € for Target Corp., so the potential is actually -5.92%.
