Where Will Target Stock Be in 3 Years?
(NYSE: TGT) stock investors haven't had much to celebrate lately. The retailer's shares are down nearly 40% in the three years ended in mid-August, as compared to a 57% rally in the wider market. To add insult to injury, peers like Costco (NASDAQ: COST) and (NYSE: WMT) outperformed the S 500 by a wide margin in that period.
Yet investing is about the future, not the past, and it is possible that Target's bad run is setting shareholders up for a multi-year rally. With that prospect in mind, let's look at the potential for this struggling stock to return to its prior winning ways.
Image source: Getty Images.
Source Fool.com
Target Corp. Stock
€101.60
0.200%
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 101.6 € for Target Corp., so the potential is actually -3.54%.
