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.

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

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TGT and that has 100x upside potential, check out our report about this cheapest 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.