Target Corporation (TGT): A Bear Case Theory

We came across a bearish thesis on Target Corporation (TGT) on wallstreetbets Subreddit Page by maparo. In this article, we will summarize the bears’ thesis on TGT. Target Corporation (TGT)'s share was trading at $92.15 as of April 23^rd. TGT’s trailing and forward P/E were 10.40 and 10.15 respectively according to Yahoo Finance.

[caption id="attachment_1198779" align="aligncenter" width="768"] A woman purchasing groceries at a Target store, with a cart full of products.[/caption]

Target is facing a multi-front crisis that’s pressuring its business model, weakening its...