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Including a hyperlink with custom label displayed in LWC

While editing a custom label to include the
<a href="" target="_blank">Example</a>
it displays as text within the modal and not hyperlink on LWC page.

Can a hyperlink be included in custom labels imported within LWC? If so, how?

SwethaSwetha (Salesforce Developers) 
HI DML2020,

Looks like Urls in custom labels are not treated as Hyperlink.
See Idea

Using custom Labels In Lightning Web Component(LWC):

If this information helps, please mark the answer as best. Thank you