Growth Is Back. Time to Buy Target Stock?
It has been over a year, but growth finally appears to be back at (NYSE: TGT). That was the biggest takeaway from the retail giant's early March earnings update which included other encouraging signs around demand and profit trends.
Target isn't out of its slump just yet. Management is simply calling for a return to comparable-store sales growth in 2024 following last year's decline. Peers like Walmart (NYSE: WMT) and Costco Wholesale (NASDAQ: COST) are expanding much more quickly, too.
Yet there are some good reasons to be feeling bullish on Target stock right now. Let's dive right in.
Source Fool.com
Target Corp. Stock
€127.60
-0.470%
Currently there is a rather positive sentiment for Target Corp. with 34 Buy predictions and 12 Sell predictions.
On the other hand, the target price of 119 € is below the current price of 127.6 € for Target Corp., so the potential is actually -6.74%.
