Target Stock Posts Largest 1-Day Gain in 4 Years. Here's Why It's Still Cheap.
On Nov. 15, Target (NYSE: TGT) stock posted its largest single-day gain since Aug. 21, 2019, after the company crushed expectations for its fiscal Q3 earnings. Wall Street is reacting favorably to Target's improving operating margin and profitability. But zoom out, and the company is still nowhere near its all-time high earnings year in fiscal 2021.
Let's dig into the numbers to find out what Target is doing to turn its business around, and why the dividend stock is still cheap even after its recent rally.
Image source: Getty Images.
Source Fool.com
Target Corp. Stock
€136.66
0.610%
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 24.4% for Target Corp. compared to the current price of 136.66 €.
