Tag: Target stock

Target shares rose by 8.5% in premarket trading on Tuesday after the retail giant released its earnings report for 2023. The company's net sales were $31.9 billion, thereby exceeding analysts' estimates of $31.38 billion. Gross profit came in at 25.6%, eclipsing the 22.7% in...

Target's stock has been downgraded from a "buy" to neutral by Citi analyst Paul Lejuez, explaining that the company's high exposure to discretionary sales does not put them in a strong position given the current economic landscape. "Considering the competitive landscape, we believe Walmart is...

Target released its earnings results for the first quarter on Wednesday, expressing confidence about the coming months following a respectable performance. Net sales for the first quarter amounted to $25.3 billion, beating Wall Street estimates of $25.18 billion and achieving a 0.6% year-on-year growth. Despite...

Target shares surged by more than 3.5% during pre-market trading on Tuesday after the company posted better-than-expected fourth-quarter financial results. Revenue for the period was $31.40 billion, outpacing the $30.46 billion that Wall Street predicted. Adjusted earnings per share were also higher than expected, with...

Target shares did well in the past month, jumping more than 20%, but the good ride seems to be over. The retailer released its second quarter report earlier this week that saw the company notch a second-straight earnings miss. This caused the Target stock...

Investors are anxiously awaiting the release of the latest earnings reports in the retail sector in an effort to gauge the direction in which the industry as well as the U.S. economy at large is headed. Retail giants Walmart Inc and Target Corp are...