Jim Cramer Declares 'Target Is Back' As Strong Earnings Report From Retail Giant Assures Rebound
Portfolio Pulse from Benzinga Neuro
Jim Cramer announced on CNBC's 'Mad Money' that Target Corporation (NYSE:TGT) is rebounding strongly after surpassing market expectations in its recent earnings report. Target's stock has rallied significantly since last November, and its recent earnings report showed a 43% year-over-year growth. The company raised its full-year 2024 adjusted EPS outlook, fueling analyst optimism.
August 27, 2024 | 1:19 pm
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Target Corporation's recent earnings report exceeded expectations, showing a 43% year-over-year growth. The company raised its full-year 2024 adjusted EPS outlook, leading to increased analyst optimism. Jim Cramer believes Target is in a strong strategic position and could close the valuation gap with competitors.
Target's earnings report showed significant growth, surpassing market expectations. The raised EPS outlook indicates strong future performance, which is likely to positively impact the stock price. Jim Cramer's positive remarks further boost investor confidence.
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