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Target Stock Just Lost Over 20%. What Can We Expect From the Stock Going Forward?
TGTTarget(TGT) The Motley Fool·2024-11-27 21:17

I'm a big fan of Target (TGT 2.80%), but it's hard to ignore the pain that was the company's third-quarter results. The retailer reduced its forecast for the year, saw weak traffic even after reducing prices on a lot of items, and faces a challenged consumer base that isn't as inclined to spend on discretionary items the way it was in the past.The result? Shares fell over 20% last week.EarningsTarget reported earnings that came in well below expectations. The company reported Q3 earnings of $1.35 per share ...