Target Stock Up More Than 30% in 6 Months: Is It Too Late to Buy TGT?

Target shares have rallied 34.4% over the past six months, supported by stronger store traffic, digital-sales momentum and a more favorable higher-margin growth mix. However, the stock's valuation has moved above its one-year median, indicating that much of the operational improvement may already be reflected in the share price and creating a more cautious risk/reward setup.