Since 2020, Target (TGT) stock has been knocking it out of the ballpark. Thanks to its omnichannel strategy, along with COVID-19 pandemic tailwinds, shares in the big box retailer have zoomed from as low as $90.52 per share after the initial onset of the virus, to around $245 per share today. So, will investors see a repeat of this strong performance in the year ahead? Likely not. Projections of little-to-no growth point to the stock having limited room to rise in the price in the coming year. Also, valuation may be a concern.
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Target (NYSE:TGT)
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Target (NYSE:TGT)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Target Charts.