Where Will Target Stock Be in 5 Years?

Target (NYSE: TGT), one of the largest retailers in America, was once considered a dependable blue-chip stock for dividend investors. On November 26, 2021, its stock closed at a record high of $238.01 per share, marking a three-year gain of 234%.Target impressed the bulls with its soaring digital sales throughout the pandemic, the expansion of its private-label brands, and its overall pricing power. The broader buying frenzy in stocks -- which was sparked by stimulus checks, social media buzz, and the growing popularity of commission-free trading platforms -- further inflated its valuations.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool