How to Buy Target Stock [2024]

Summary: Target Corporation is a leading retail company in the United States. This guide will teach you how to buy Target stock through an online investment platform, such as eToro.

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About Target

Target Corporation (NYSE: TGT) operates over 1,900 stores across the US, offering a wide range of products, including groceries, apparel, and household essentials. It is the seventh-largest retailer in the country.

Target stock split history

Target stock has undergone five stock splits:

Date	Split	Cumulative multiple*
2000-07-20	2:1	x48
1998-05-01	2:1	x24
1996-07-18	3:1	x12
1983-07-25	2:1	x4
1981-12-01	2:1	x2

*Cumulative shares are the number of shares that would be held if one share of stock was purchased when Target began trading.

How to buy Target stock: Step-by-step

Target has been publicly traded since 1967. To buy Target stock, simply::

Find a Broker that lists TGT stock;
Research the company;
Register and fund your account;
Place a trade;
Monitor your investment.

Step 1: Find a Broker

To start investing, you need to find a reputable broker that offers Target shares. Compare brokers based on fees, account minimums, account options, and customer support.

Our recommended platform for investing in Target is eToro, which offers:

Commission-free stock and ETF trading;
Over 2,000 stocks from 17 different exchanges;
Fractional shares;
Charting tools;
User-friendly platform.

Highly Rated Stock Trading & Investing Platform

Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Step 2: Research the company

Before buying Target stock, research the company’s financial health and market position. Utilize fundamental analysis to assess Target’s financial statements, including revenue, profit margins, and growth prospects. Conversely, technical analysis can help you analyze stock price trends and chart patterns.

Additionally, consider Target’s market position, expansion strategies, and industry trends in the retail sector.

Step 3: Fund your account

After selecting a broker, register an account. The registration process generally involves identity verification, which may require submitting ID documents. Most brokers offer various funding options, including:

Bank transfers.
Credit/debit cards.
E-wallets.
Third-party payment systems like PayPal.

Step 4: Place a trade

Once your account is funded, follow these steps to buy Target stock:

Log in to your broker’s platform;
Search for Target stock using its ticker symbol, TGT;
Enter the number of shares you want to purchase or the dollar amount you wish to invest;
Choose the type of order you want to place (i.e., market, limit, stop-loss, etc.);
Review the details of your order;
Execute the trade.

Different types of orders can be summarized as follows:

Market order is An instruction to the broker to buy or sell the stock immediately at the current market price;
Limit order lets users set a specific price at which to buy a stock;
Stop-loss order automatically triggers the sale of a stock when its price falls to a predetermined level.

Step 5: Monitor your investment

Regularly monitor Target’s financial reports, quarterly earnings, and press releases. Key performance indicators such as revenue, net income, and market share will help you make informed decisions. Keep an eye on industry trends, competitors like Walmart (WMT), Instacart (CART), and Amazon (AMZN), and broader economic conditions.

By staying informed, you can decide when to hold, buy more, or sell your shares.

Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.

Target stock price today

Pros and cons of investing in Target

Pros

Strong brand recognition: Target is a household name in the US;
Diverse product range: Target’s wide selection of products means diverse revenue streams;
E-commerce growth: Target’s online sales have been growing, boosting overall revenue;
Dividends: Target pays a quarterly dividend.

Cons

Competitive market: Target faces stiff competition from retailers like Walmart and online giants like Amazon;
Economic sensitivity: Target’s performance can be affected by economic downturns as consumer spending declines.

Disclaimer: The content on this site is for informational purposes and should not be considered financial advice. Investing involves risk, and your capital is at risk.

FAQs about how to buy Target stock

Does Target have a stock?

Yes, Target is publicly traded on the NYSE under the ticker symbol TGT.

What is the Target stock symbol?

The Target stock symbol is TGT.