Target Just Lowered Its Outlook. Is It Time to Sell the Stock?
(NYSE: TGT) missed the mark in its mid-August earnings report. The retailer announced surprisingly weak sales for the second quarter and reduced its revenue outlook for 2023 thanks to soft demand in a few big areas.
There were some bright spots in the report, to be sure. And Target isn't the only company that is seeing sluggish demand for consumer discretionary products right now.
But the latest operating trends raised big questions for investors about the stock's value. Let's look at whether shares are attractive right now.
Source Fool.com
Target Corp. Stock
€135.48
-1.280%
With 43 Buy predictions and 1 Sell predictions Target Corp. is one of the favorites of our community.
With a target price of 168 € there is a positive potential of 24.0% for Target Corp. compared to the current price of 135.48 €.
