Where Will Target Stock Be in 3 Years?

Pick a timeline -- almost any timeline -- and Target (NYSE: TGT) has been a market laggard. Shares of the discount retailer have fallen 20%, 33%, and 41% over the past one-, three-, and five-year periods, respectively. Wall Street has taken its shots at Target's bull's-eye.The one recent stretch of time in which Target is a market thumper is the shortest. The retail stock has soared 11% year to date, ahead of more than 80% of the other S&P 500 components. Speaking to its merit as an undervalued investment, among the S&P 500 stocks that have posted double-digit percentage gains this young year, only four have a lower P/E ratio than Target's trailing multiple of 13. The cheap chic retailer is cheap. It's also starting to feel chic. Can its early momentum in 2026 make the stock a winner over the next few years? Let's take a look at where Target shares might be three years from now. Spoiler alert: Target stock is unlikely to lose another third of its value between now and early 2029, as it has over the last three years.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool