Where Will Target Stock Be in 1 Year?

It's been a difficult few years for Target (NYSE: TGT) shareholders. The cheap and chic U.S. retailer has lost some of its cachet as pressured consumers hold off on discretionary purchases, saving their paychecks for the weekly Costco Wholesale run or other essentials shopping.But there's still a lot to love about Target. Let's see where it is today and where it might be in a year from now.Target was on top of the world when its digital channels took off early in the pandemic, but it's slipped since then as it deals with one challenge after another. Most of its woes center around its business model as a hub for discount discretionary shopping, with a focus on apparel and home improvement. That's in contrast to retailers like Walmart and Costco, which are usually described as Target's competitors but actually are different in their focus on grocery and essentials.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool