#3 - Target (NYSE:TGT)
For investors looking to play the omnichannel trend, there are not many better options than Target (NYSE:TGT). The company was investing in this transformation before the pandemic. And in late 2019, TGT stock began its slow and steady climb upward. That climb accelerated during the pandemic.
And while there’s been a couple of sell-offs, the stock appears to be ready to make another run at its 52-week high. One reason for that is the company’s loyal and committed customer base that should continue to frequent the store in spite of inflation.
Target continues to beat year-over-year revenue and earnings numbers and the company’s free cash flow while down from its record amount in 2021 is still solidly above pre-pandemic levels. And while the company doesn’t support a spectacular dividend yield, Target has increased its dividend in each of the last 51 years which makes it a member of the exclusive Dividend Kings club.
About Target
Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.
Read More - Current Price
- $125.01
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 17 Buy Ratings, 14 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $162.13 (29.7% Upside)
