Target Stock: Is the Worst Finally Over?
There's no question about it. 2023 has been a disappointing year for (NYSE: TGT).
Weakness in discretionary goods, pressure from inflation and interest rates, and challenges related to product theft have all weighed on the company's performance this year. Comparable sales continue to slide, and the stock trades down 12% year to date, compared to 17% growth for the S 500.
On the plus side, Target delivered a surprising win for investors on Wednesday: The stock jumped 18% after it easily beat earnings estimates in its third-quarter report.
Source Fool.com
Target Corp. Stock
€125.40
-1.120%
Currently there is a rather positive sentiment for Target Corp. with 33 Buy predictions and 12 Sell predictions.
On the other hand, the target price of 119 € is below the current price of 125.4 € for Target Corp., so the potential is actually -5.1%.
