TGT Stock Forecast: Why Dividend King Target Is a Compelling Buy in 2024

Discount retailer Target (NYSE:TGT) ended 2023 on a strong note rising 40% from its 52-week lows. That’s continuing into the new year despite a big drop on the first day of trading that set back TGT stock. Although a better-than-expected Q3 earnings report helped lift shares ahead of Christmas, the retail environment remains weak. Holiday sales were below expectations and the economy remains precariously balanced. Inflation is nearing the Federal Reserve’s 2% target level, but only if you exclude food and f ...