Target Stock Is Down 13% This Year. Time to Buy?
Big-box retailer (NYSE: TGT) gave investors some fresh numbers to chew on Wednesday morning when the company reported its second-quarter results. Based on the stock's move higher following the earnings reports, the market seems impressed.
Shares, however, are still down about 13% this year. This begs the question: Is now a good time to buy?
Despite the market's upbeat reaction to the report, shares of Target should arguably be avoided at this price. Let's take a look at what Target reported in its quarterly update and why the stock isn't a compelling buying opportunity.
Source Fool.com
Target Corp. Stock
€137.30
0.040%
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 22.36% for Target Corp. compared to the current price of 137.3 €.
