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Why Target Stock Lost 12% in November

TheMotleyFool 
0 0 04.12.24
Why Target Stock Lost 12% in NovemberPhoto, wide shot, wide-angle lens, Grocery store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/9a6c3fc6-53ff-4c6e-848b-263660ac3eb0.png
 

Shares of Target (NYSE: TGT) were sliding last month, as a broader recovery in the stock market wasn't enough to overcome another disappointing earnings report from the retail giant.

Target missed estimates on the top and bottom lines and cut its guidance. It's still struggling with weak consumer discretionary spending and challenges with inventory management.

According to data from S&P Global Market Intelligence, the stock finished the month down 12%. Target was trading similarly to the S 500 for most of the month before plunging on its earnings report.

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Source Fool.com

Target Corp. Stock

€129.40
0.310%
Target Corp. gained 0.310% compared to yesterday.
Our community is currently high on Target Corp. with 34 Buy predictions and 12 Sell predictions.
However, we have a potential of -8.04% for Target Corp. as the target price of 119 € is below the current price of 129.4 €.
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