Forecast Of The Day: Total Number of Target U.S. Stores
The Total Number of Target (NYSE:TGT) U.S. Stores rose from around 1,856 in 2019 to 1,883 in 2020. Trefis expects the number to rise to about 1,920 in 2021 and to about 1,930 in 2022.
We expect longer-term growth to slow, driven by Target’s increasing focus on e-commerce. However, Target’s brick-and-mortar locations will remain key to its omnichannel strategy.
We think that Target stock is slightly undervalued at current levels. We value Target at about $263 per share, marking a premium of about 5% over the current market price.
See Our Complete Analysis For Target
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