Prediction: Target (TGT) Will Be Worth $120 by the End of 2026
Source: Motley Fool
2026-03-10 10:51:39 ET
Target (NYSE: TGT) , one of America's top retailers with nearly 2,000 stores, saw its stock plunge by more than 30% over the past five years. At $120, it looks cheap at 15 times this year's earnings, but it could stay flat through the end of 2026 for three simple reasons.
Target's comparable store sales only rose 2.2% in fiscal 2022 (which ended in Feb. 2022), declined 3.7% in fiscal 2023, rose just 0.1% in fiscal 2024, and fell 2.6% in fiscal 2025. For fiscal 2026, it anticipates a "small increase in comparable sales."
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