Will the Holidays Push Target’s Stock Even Higher?
Thanksgiving falls on the fourth Thursday of November. And this year, that day is Nov. 28, the latest possible date it can be. That's bad news for retailers because it shortens the holiday shopping season to 25 days, the shortest season since 2013.
Image source: Target
But Target (NYSE: TGT) aims to make the most out of its limited time to cash in with holiday shoppers. Target's stock hit an all-time high on Oct. 22 ($114.83) and closed Monday at $108.77. Target's strategy to approach or surpass that mark during the holidays would continue to pay off for investors. (If it reaches $112, that would move its market capitalization to an amazing $57 billion!)
Source Fool.com