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
€138.96
-0.430%
With 48 Buy predictions and 1 Sell predictions Target Corp. is one of the favorites of our community.
With a target price of 170 € there is a positive potential of 22.34% for Target Corp. compared to the current price of 138.96 €.
