Target Shares Surge as Same-Store Sales Turn Positive. Is It Too Late to Buy the Stock?

With its second-quarter results hitting the mark, shares of Target (NYSE: TGT) soared as investors cheered its quarterly earnings report and guidance. The stock price rose 11% during the session following its results, helping it rally after its shares have languished for most of the summer.

Let's take a look at what got investors excited and whether it's too late to buy the stock after this recent rally.

Target turned in solid Q2 results, with revenue rising nearly 3% year over year to $25.5 billion and its adjusted earnings per share (EPS) soaring 42% to $2.57. That topped the analyst consensus, which was looking for revenue of $25.2 billion and adjusted EPS of $2.18.

Source Fool.com