With a market cap of around $62 billion, Minneapolis, Minnesota-based Target Corporation (TGT) is a leading general merchandise retailer. In addition to its retail offerings, Target enhances the customer experience with in-store amenities such as Starbucks, Target Optical, and various food services.
Companies valued at $10 billion or more are generally labeled as “large-cap” stocks, and Target fits this criterion perfectly. With its evolution into an omni-channel entity, Target has modernized its supply chain and expanded services like same-day delivery through its acquisition of Shipt.
