33 Stocks That Should Double in 3 Years

15. Target Corporation (NYSE:TGT)

Target Corporation (NYSE:TGT) is one of the stocks that should double in 3 years. On March 3, Target announced Q4 net sales of $30.5 billion, noting that sales and traffic trends accelerated in the final two months of the year. While full-year net sales decreased 1.7% to $104.8 billion, the company saw strength in non-merchandise categories, with membership revenue more than doubling and same-day delivery via Target Circle 360 growing over 30%. For the full year, Target reported GAAP EPS of $8.13 and Adjusted EPS of $7.57, reflecting a disciplined navigation of what the CEO described as a challenging period.

Despite a 2.5% decrease in quarterly comparable sales, Target’s Q4 gross margin rate improved to 26.6%, up from 26.2% in 2024. This gain was driven by lower inventory shrink and reduced supply chain and fulfillment costs, which helped offset higher product and import expenses. Target Corporation (NYSE:TGT) also highlighted a 25% increase in non-merchandise sales, fueled by the Roundel advertising business and its online marketplace.

Looking ahead to 2026, Target expects a return to growth with a projected net sales increase of ~2%. This forecast is supported by a healthy sales spike observed in February and plans to utilize new stores and non-merchandise revenue streams. The company is guiding for full-year GAAP and Adjusted EPS in the range of $7.50 to $8.50, with operating income margins expected to expand by ~20 basis points.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer in the US. It sells its products through its stores and digital channels, including Target.com.