How To Earn $500 A Month From Target Stock After Downbeat Q1 Earnings
Portfolio Pulse from Avi Kapoor
Target Corp (NYSE:TGT) reported weaker-than-expected Q1 earnings, with a 3.1% sales decline and adjusted EPS missing estimates. Several analysts lowered their price targets. Despite this, Target's dividend yield of 3.05% remains attractive for income-focused investors.
May 24, 2024 | 1:00 pm
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Target Corp reported weaker-than-expected Q1 earnings with a 3.1% sales decline and adjusted EPS of $2.03 missing estimates. Several analysts lowered their price targets. Despite this, Target's dividend yield of 3.05% remains attractive for income-focused investors.
The weaker-than-expected earnings and sales decline are likely to put downward pressure on Target's stock price in the short term. The fact that several analysts have lowered their price targets further supports this view. However, the attractive dividend yield may provide some support to the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100