Target Stock (TGT) Faces Turbulence Amid CEO Transition, Analysts See Rebound Potential

Target Corporation (TGT) finds itself at a crossroads as CEO Brian Cornell steps down unexpectedly, sending shares tumbling 6% post-earnings. The retailer's stock now languishes 60% below its 2021 peak, battered by inflationary pressures, political controversies, and weakening consumer demand.

Yet beneath the surface, glimmers of hope emerge. At current valuations, the market may have overcorrected—the 4.3% dividend yield provides downside protection while investors await a potential turnaround. Q2 results contained muted positives, and fresh leadership could catalyze operational improvements.

The path forward remains uncertain, but with negative sentiment fully priced in, contrarian investors are beginning to circle. Like a phoenix rising from retail's ashes, this embattled big-box chain may yet reclaim its former glory.