Why The Container Store Is Racing 12% Higher Today

Shares of The Container Store (NYSE: TCS) were jumping 12% higher in afternoon trading Monday after an analyst at Goldman Sachs raised her price target on the organization ideas retailer 20% to $12 per share.

While the target price increase undoubtedly helped the stock's momentum, The Container Store has been steadily rising since last fall and in the past month shares are up over 38%.

Image source: Getty Images.

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Source Fool.com