Target (NYSE:TGT) posted a strong set of Q4 2021 results, with same-store sales rising by 8.9% year-over-year after rising by 20.5% in Q4 2020. The company has guided low- to mid-single-digit revenue growth for 2022.
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Target has done a good job following Covid-19, managing supply chain issues better than many retailers while adjusting to changes in consumer preferences with its drive-up, pickup in-store, and same-day delivery via Shipt services.
Target stock rallied almost 10% in Tuesday’s trading.
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|S&P 500 Return||-1%||-10%||92%|
|Trefis MS Portfolio Return||0%||-11%||252%|
 Month-to-date and year-to-date as of 3/2/2022
 Cumulative total returns since the end of 2016