Target poised for market share gains despite short-term challenges, analysts believe
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Target Corp (NYSE:TGT) is expected to gain market share in the long term despite recent challenges. Analysts at Jefferies maintain a positive outlook as consumer spending is anticipated to rebound. Target's shares fell over 20% following a disappointing quarterly report and weak holiday guidance.
November 20, 2024 | 6:45 pm
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Target's shares dropped over 20% due to a disappointing quarterly report and weak holiday guidance. However, analysts at Jefferies believe the company is well-positioned for long-term market share gains as consumer spending rebounds.
Target's recent quarterly report and guidance were below expectations, leading to a significant drop in share price. Despite this, analysts maintain a positive long-term outlook due to expected consumer spending recovery, suggesting potential market share gains.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100