Target (NYSE: TGT) has been posting some fantastic results lately. Shoppers turned to its multichannel shopping platform in droves during the pandemic, and the retailer used its industry clout to gain market share by meeting demand for everything from essentials to home goods and apparel.
That extra business is also generating a level of profitability that seemed impossible as recently as 2019.
But is the stock a buy today, or is too expensive relative to peers like Walmart (NYSE: WMT) and Costco (NASDAQ: COST)? And what if Target's recent wins are just temporary side effects of the global pandemic?
Source Fool.com