Target Shares Tumble 16% Premarket After Earnings Fall Short
Portfolio Pulse from
Target's shares fell by 16% in premarket trading after the company reported third-quarter earnings and revenue that did not meet analyst expectations. This marks a significant drop for the stock, potentially its worst day in over two years.
November 20, 2024 | 2:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Target's stock dropped 16% in premarket trading due to disappointing third-quarter earnings and revenue, missing analyst expectations. This could be the stock's worst day in over two years.
The significant drop in Target's stock price is directly linked to the company's failure to meet earnings and revenue expectations for the third quarter. Such a miss typically results in a negative market reaction, as seen with the 16% premarket decline. This indicates a strong likelihood of a negative short-term impact on the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100