TGT drawdown: 48.6% below the all-time high
Target Corporation (TGT) is 48.6% below its all-time high, set Nov 16, 2021 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (1975).
- Below all-time high
- −48.6%
- 51.4% of ATH
- All-time high
- $266.4
- Nov 16, 2021
- Time below the high
- 4.7 yrs
- since Nov 16, 2021
- Worst-ever drawdown
- −68.6%
- Nov 20, 2025
- Longest underwater
- 5.8 yrs
- between all-time highs
- Today's level first reached
- Aug 17, 2020
- 5.9 yrs ago
- Last time this deep
- Apr 7, 2009
- in a previous episode
% of all-time high since 1975#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of TGT, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Nov 16, 2021 | Nov 20, 2025 | −68.6% | 4.0 yrs | not yet | 4.7 yrs+ |
| Jul 13, 2007 | Mar 9, 2009 | −63.8% | 1.7 yrs | Apr 25, 2013 | 5.8 yrs |
| Sep 30, 1987 | Dec 4, 1987 | −57.5% | 2 mo | Aug 10, 1989 | 1.9 yrs |
| Feb 26, 2002 | Mar 6, 2003 | −43.0% | 12 mo | Jun 7, 2004 | 2.3 yrs |
| Mar 30, 2000 | Oct 12, 2000 | −41.1% | 6 mo | Feb 28, 2001 | 11 mo |
| Jul 16, 2015 | Jul 10, 2017 | −41.0% | 2.0 yrs | Aug 22, 2018 | 3.1 yrs |
| Jul 16, 1990 | Oct 30, 1990 | −39.8% | 3 mo | May 31, 1991 | 10 mo |
| Jul 20, 1998 | Oct 8, 1998 | −35.9% | 3 mo | Dec 30, 1998 | 5 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1975: how far TGT stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: TGT is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is TGT from its all-time high?
- TGT is currently 48.6% below its all-time high, set Nov 16, 2021 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest TGT drawdown ever?
- The deepest decline on record in our data (since 1975) took the stock 68.6% below its prior high, bottoming Nov 20, 2025. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 1975 (split-adjusted). "All-time" means since our price data begins — TGT may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.