Why Target Stock Was Soaring Today
Target (NYSE: TGT) stock was flying higher today after the struggling retailer posted better-than-expected results on the bottom line in its third-quarter earnings report.
The report helped reassure investors that the bottom-line challenges Target faced last year are temporary even as it struggles with weak demand for discretionary items and a spike in theft.
As of 12:22 p.m. ET, the stock was up 17% on the news.
Source Fool.com
Target Corp. Stock
€126.60
0.960%
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 126.6 € for Target Corp., so the potential is actually -6.0%.
