Target Stock Just Reminded Investors of This Timeless Lesson
Target (NYSE: TGT) stock soared over 17% on Nov. 15 after its third-quarter 2023 earnings exceeded expectations. It's uncommon for a Dividend King stalwart like Target to pop that much in a single day. The results must have been unbelievable, right?
Actually, they were just OK, but it serves as a reminder that investing -- at least in the short-term -- is sometimes all about narratives. Let's unpack why the narrative has changed and where, more importantly, this major retailer could be headed over the long term.
Image source: Getty Images.
Source Fool.com
Target Corp. Aktie
141,24 €
-0,76 %
Target Corp. wird von der Community favorisiert: Deutlich mehr Buy- als Sell-Einschätzungen.
Die Community erwartet für Target Corp. ein Kursziel von 171 €, was eine deutliche Steigerung von über 20% gegenüber dem aktuellen Kurs von 141.24 € bedeuten könnte.
