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
Currently there is a rather positive sentiment for Target Corp. with 27 Buy predictions and 11 Sell predictions.
On the other hand, the target price of 98 € is below the current price of 103.6 € for Target Corp., so the potential is actually -5.41%.
