Target Likely To Report Higher Q4 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Target Corporation (NYSE:TGT) is anticipated to report higher earnings for Q4 before the opening bell on March 5, 2024, with expected earnings of $2.41 per share, up from $1.89 per share year-over-year, and projected revenue of $31.83 billion, up from $31.39 billion. The company announced a collaboration with Diane von Furstenberg for a spring collection on Feb. 20. Target's shares fell 3.1% to close at $150.49 recently. Analysts from JP Morgan, Telsey Advisory Group, Oppenheimer, Stifel, and Gordon Haskett have provided various ratings and price targets for Target, indicating a generally positive outlook.
March 05, 2024 | 5:54 am
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Target Corporation is expected to report higher Q4 earnings with a positive year-over-year growth in both earnings per share and revenue. The company's recent collaboration and optimistic analyst ratings suggest a favorable outlook.
The expected increase in earnings and revenue, combined with a strategic collaboration and positive analyst ratings, suggests a potential short-term positive impact on Target's stock price. However, the recent 3.1% drop in shares indicates market volatility that investors should consider.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100