What Are Wall Street Analysts’ Target Price for Target Stock?
Based in Minneapolis, Minnesota, Target Corporation (TGT) is a general merchandise retailer that offers a wide range of products including apparel, home goods, electronics, groceries, and more. Valued at a market cap of $44 billion, the company operates nearly 2,000 stores across the country and is known for its curated assortment of owned and national brands.
Shares of this discount stores operator have considerably lagged behind the broader market over the past 52 weeks. TGT has declined 39.3% over this time frame, while the broader S&P 500 Index ($SPX) has surged 9.2%. Moreover, on a YTD basis, the stock is down 28.3%, compared to SPX’s 3.7% drop.
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