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Target's equity research: further from stagnation
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This work project conducted a valuation of Target Corporation, an American retail company. The report starts by analysing the macroeconomic context and main drivers that will influence the industry, such as, the COVID-19 pandemic, inflation and the E-commerce’s growth. Thereafter, an industry overview was conducted by comparing Target with the selected peers and then a DCF model to assess TGT’s intrinsic value. The outcome is a recommendation to buy the stock, given the actual share price of $235,28. Target’s share price is expected to amount to $281,56 as of December 2022, providing a return to the shareholders of 22,35%, taking into account the expected dividends per share of $6,30.
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Valuation Growth E-commerce Retail Target Comeback