Target Corporation (TGT) was well-positioned in 2020 to benefit from the pandemic, thanks to its digital sales channel. Target operates as a general merchandise retailer in the United States that operates approximately 1,897 stores. Although the company has seen strong growth in the past year, it's likely to return to single-digit growth, going forward. As a result, we remain neutral on the stock. (See Target stock charts on TipRanks) Growth Catalysts Target operates in the retail industry, which is expected to grow at a CAGR of 4.5% from 2021 to 2026. This does not sound exciting, but, it demonstrates that the industry is still healthy and viable.
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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.