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
€82.82
-0.260%
Our community is currently high on Target Corp. with 25 Buy predictions and 5 Sell predictions.
As a result the target price of 98 € shows a slightly positive potential of 18.33% compared to the current price of 82.82 € for Target Corp..
