Target falls more than 20% after cutting full-year profit outlook
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Target's stock dropped over 20% after the company cut its full-year profit outlook and missed Wall Street's earnings and revenue estimates for Q3.
November 21, 2024 | 12:00 am
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NEGATIVE IMPACT
Target's stock fell over 20% after the company reduced its full-year profit outlook and missed Q3 earnings and revenue estimates.
Target's significant stock drop is due to the company's reduced profit outlook and failure to meet earnings and revenue expectations, which are critical indicators for investors.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100