Target Is in the Spotlight for All the Right Reasons. Here's Why It's a Buy Now.
The discount retailer is up 74% this year. That is not a typo. The gains can keep coming.
Overview
One of this year's biggest pleasant retail surprises is Target (NYSE: TGT). The mass market chain's stock had fallen in each of the four previous years, shedding 58% of its value in the process. Some of the downticks were earned.
Target wasn't able to sustain its initial grasp on consumers coming out of the pandemic. It began to lose market share. It found a way to upset both political extremes. Sales would go on to decline for three consecutive years.
Details
Target is back on target. A new CEO has a turnaround plan that is initially working. The stock is up a whopping 74% in 2026. Let's take a closer look at why this market laggard is leading the way higher, and why it's not too late to be a Target investor.
Source
Originally published at www.fool.com.