What Target Does & How It Makes Money (TGT)

Updated October 2026 · reflects Target's latest reported financials

U.S. general merchandise retailer selling everyday goods in stores and online. Target buys merchandise across many categories and resells it to consumers at a markup through its stores and digital channels.

How Target makes money

Target buys merchandise across many categories and resells it to consumers at a markup through its stores and digital channels. Design partnerships and shop-in-shop experiences give shoppers more reasons to visit.

What Target does

Target Corporation is a U.S. general merchandise retailer headquartered in Minneapolis, Minnesota, with roots going back to 1902. Its stores and digital channels, including Target.com, sell a wide range of goods: apparel, shoes and accessories; beauty and personal care; dry and fresh groceries; electronics, toys and sporting goods; home décor, furniture and kitchenware; and household essentials such as cleaning supplies, over-the-counter health products and pet supplies. Beyond its core assortment, Target sells merchandise through periodic design and creative partnerships, runs shop-in-shop experiences, and offers in-store amenities. Together these make it a one-stop destination that mixes everyday necessities with discretionary categories.

Products & services

• Target stores
• Target.com
• Apparel & accessories
• Food & beverage / grocery
• Home furnishings & décor
• Household essentials & beauty

What is Target worth?

On an owner-earnings DCF, Target's most-likely value is about $167 versus a recent price near $154 (8% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$105) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Related companies

Dollar General (DG) · Walmart (WMT) · Dollar Tree (DLTR) · The TJX Companies (TJX) · The Kroger (KR)