Is Target (TGT) One of the Stocks That Should Double in 3 Years?

Target Corporation (NYSE:TGT) is one of the stocks that should double in 3 years. On October 24, Mizuho Securities analyst David Bellinger maintained a Hold rating on Target without setting a price target.

Earlier on October 2, Truist lowered the firm’s price target on Target to $83 from $102 and kept a Hold rating on the shares.

Target’s sales performance has significantly deteriorated in the past quarter due to several internal errors, such as missteps in merchandising and marketing that have damaged consumer perception and the overall shopping experience. Citing proprietary card data, Truist sharply cut its Q3 2025 comparable sales forecast from down 1.3% to down 4.0%.

The firm advised that Target must urgently accelerate both its merchandise innovation and its capital investment spending to reverse this negative trend.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer in the US. The company offers apparel, beauty products, food & beverage products, electronics, and other household essentials.

While we acknowledge the potential of TGT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.