Is It Finally Time to Buy Target Stock?
's (NYSE: TGT) stock jumped 11% on Aug. 21 after the retailer posted its second-quarter earnings report. Its revenue rose 3% year over year to $25.45 billion, exceeding analysts' estimates by $240 million, as its comparable sales grew 2%. Its adjusted earnings climbed 42% to $2.57 per share and also cleared the consensus forecast by $0.39.
Target's headline numbers were impressive, but its stock remains more than 40% below its all-time high from November 2021. Let's see if this blue chip retail stock is finally primed for a rebound after its latest earnings beat.
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Source Fool.com
Target Corp. Stock
€132.00
0.000%
Our community is currently high on Target Corp. with 34 Buy predictions and 13 Sell predictions.
However, we have a potential of -9.09% for Target Corp. as the target price of 120 € is below the current price of 132.0 €.
