Where Will Target Stock Be in 1 Year?
(NYSE: TGT) isn't due to announce its next quarterly update for a few weeks, but investors are already busy making projections about the struggling retailer's business. On average, Wall Street pros expect sales to fall by about 1% year over year for the selling period that runs through late July following a flat result in the previous quarter.
Target is dealing with major sales and earnings challenges stemming from a sharp demand shift away from merchandise categories that were booming during the pandemic. Yet inventory levels are down, potentially setting the business up for a solid rebound over the next few quarters.
Against that mixed backdrop, let's take a look at the possibilities ahead for this retailer over the next year.
Source Fool.com
Target Corp. Stock
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
As a result the target price of 170 € shows a positive potential of 23.56% compared to the current price of 137.58 € for Target Corp..
