Minneapolis, Minnesota-based Target Corporation (TGT) operates as a general merchandise retailer in the United States. With a market cap of $43.5 billion, the company offers apparel for women, men, young adults, kids, toddlers, jewelry, accessories, and shoes, beauty products, and food and beverage products as well.

Companies worth $10 billion or more are generally described as "large-cap stocks." TGT fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the discount stores industry. With over 440,000 employees, TGT benefits from being one of the biggest chain stores in the United States.

The company has pulled back 43.9% from its 52-week high of $167.40, recorded on Aug. 21 last year. Shares of TGT have fallen 19.8% over the past three months, underperforming the Consumer Staples Select Sector SPDR Fund’s (XLP) marginal rise over the same time frame.

Longer term, TGT stock is down 30.5% on a YTD basis, significantly lagging behind XLP’s 4.6% rise. Moreover, shares of the company have tanked 37.6% over the past 52 weeks, compared to XLP’s 5.4% return over the same time frame.

To confirm its downtrend, TGT has been trading below its 200-day moving average since late November last year and also below its 50-day moving average since early February.

On May 21, TGT stock declined 5.2% following the release of its Q1 earnings. The company reported a 2.8% year-over-year decline in its net sales, which totaled $23.8 billion, primarily due to a 3.1% decrease in merchandise sales. Moreover, its gross margin for the quarter came in at 28.2%, compared to 28.8% in the previous year’s quarter. Additionally, TGT’s adjusted EPS for the quarter amounted to $1.30 and failed to meet the consensus estimates by 19.8%.

In the discount stores space, its rival, Costco Wholesale Corporation (COST), has outperformed the stock over the past year, with its shares surging 14.8% in 2025 and 27.1% over the past year.

Among the 34 analysts covering the TGT stock, the consensus rating is a “Moderate Buy.” Its mean price target of $110.62 suggests a 17.8% upside potential from current price levels.