Can Target Corporation (TGT) Continue to Grow?

Costco is also growing its footprint globally, as the revenue contribution from international markets is accelerating. As per the projections offered by Trefis, revenue contribution from international markets is expected to grow past 25% over the next seven years. Positive growth prospects for U.S. retailers in international markets only supports my bullish view of Target.

Foolish bottom line

Large cap retailers such as Target Corporation (NYSE:TGT), Wal-Mart Stores, Inc. (NYSE:WMT), and Costco Wholesale Corporation (NASDAQ:COST) would benefit from decreasing dependence on the U.S. and growing presence in international markets. The resources available to such retailing giants will provide continued growth.  E-commerce is also a hot ticket. So despite some recent bumps in the road, you should be a Target bull.

Ashit Gulati has no position in any stocks mentioned. The Motley Fool recommends Costco Wholesale (NASDAQ:COST). The Motley Fool owns shares of Costco Wholesale.

The article Can Target Continue to Grow? originally appeared on Fool.com.

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