Target Is Up 70% This Year but Still Down 33% From Its Peak. Here's Whether the Recovery Has Further to Run.
Target's sharp 2026 rebound is being driven by a new CEO, heavier investment in stores and merchandise, and faster-growing digital businesses, but the turnaround could be a multi-year effort.
Overview
Target (NYSE: TGT) closed at $163.18 on Friday, Aug. 28, up about 70% year-to-date but still down roughly 33% from its level five years ago.
The recovery this year has been sharp. Over the trailing 12 months, it is up 71.18%. That said, five years ago, Target stock traded at $249.18, so the five-year performance remains negative at 33.46%, and the market capitalization sits near $75.38 billion.
Image source: Target.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.