Target: What’s in Store for Investors
October 06 2021 - 08:43AM
TipRanks
Amid cut-throat competition from Walmart (WMT) and Amazon (AMZN),
Target (TGT) has successfully redefined its business, with
increased emphasis on its digital channel and exclusive
merchandise. I maintain a Bullish outlook on TGT stock. See
today’s analyst top recommended stocks >> Validating the
retailer's solid e-commerce and merchandising strategy is its
growing profitability. Notably, Target’s adjusted earnings have
increased from $4.69 a share in 2017 to $9.42 in 2020. As for its
key digital channel, Target’s comparable digital sales increased
10% during the last reported quarter. This growth comes on top of a
195% increase in its digital sales last year.
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Target (NYSE:TGT)
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