Here's What's Going On With Target Stock Thursday
Portfolio Pulse from Adam Eckert
Target Corp (NYSE:TGT) shares are trading higher despite missing Q2 revenue estimates of $25.18 billion by reporting $24.77 billion. The company's traffic was down 4.8%, comparable sales fell 4.3% and digital comps decreased 10.5%. However, Target reported Q2 adjusted earnings of $1.80 per share, beating estimates of $1.39 per share. Several analysts have lowered their price targets for Target, but many still have targets set above current levels.
August 17, 2023 | 3:17 pm
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Target's stock is trading higher despite missing revenue estimates. The company's strong earnings beat has led to mixed reactions from analysts.
Target's stock is trading higher due to the company's strong earnings beat, which has offset the impact of missing revenue estimates. This has led to mixed reactions from analysts, with some lowering their price targets while others maintain targets above current levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100