That comes in closer to the five-year average multiple for Target stock. Target is clearly in the winners' camp right now and is set to benefit during the holidays. Moreover, investors may remember the failure of Target Canada. Their average twelve-month price target is $3,297.85, predicting that the stock has a possible downside of 3.06%. This includes a 10.8% surge in comparable sales and an increase of 141% in digital comparable sales. Like most stocks, it fell dramatically in late February and early March. The Nasdaq, the first of the three main indexes to confirm a bull market in June, also closed at an all-time high. Still, both Costco and Amazon support higher valuations. Its larger rival Home Depot Inc and retail behemoth Walmart Inc reported similar results on Tuesday. A 20-times forward multiple on $12.50 in 2025 earnings per share implies a 2024 price target for Target stock of $250.

This comes out ahead of Walmart, Costco, and Amazon (which does not offer a payout). (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)

For the next fiscal year, 2022, analysts forecast earnings of $6.91 per share. Also, this move brings Target closer to the rising population of central cities, a demographic that Target underserved in the past.Also, investors should not give up on foreign markets. Target, Facebook, Ford: Stocks That Defined the Week Aug. 23, 2019 6:57 pm ET Target Corp. However, the stock price surged higher throughout April and …

That dramatically exceeds the average multiple of about 15 over the last five years. @themotleyfool #stocks $TGT $WMT $COST $AMZN Market’s focus is also expected to shift to U.S. presidential elections, which is about 11 weeks away.
U.S. stock index futures edged higher on Wednesday following solid earnings from retailers Target and Lowe's, a day after the S&P 500 completed its fastest recovery from a bear market in history. The Dow is still nearly 6% below February’s record closing high. Target stock has already recovered from the pandemic. The Republican National Convention is slated for next week. This and a safe, growing dividend help to make Target stock a buy.Stock Advisor launched in February of 2002. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.When it comes to the discussion of major retailers, However, like its peers, local governments deemed Target essential, and it has maintained operations while several of its competitors remained shuttered. Furthermore, Target has maintained a streak of annual dividend hikes for decades. The S&P 500 closed at a record high on Tuesday, completing a recovery from a dramatic pandemic-led sell-off.

Home improvement chain Lowe’s Companies Inc rose 2.7% after beating estimates for quarterly same-store sales as it benefited from a surge in demand for its products from consumers stuck indoors. from the University of North Texas, and an MBA in finance and strategy from the University of Texas at Dallas Jindal School of Management.

Let's conquer your financial goals together...faster. Investing Basics Will Healy is a freelance financial writer who has had a lifelong interest in the stock market, along with numerous, less-useful pursuits. Furthermore, Despite this faster sales growth, Target lags behind many of its peers on valuation. While trillions of dollars in fiscal and monetary support and a preference for tech-related stocks have helped the benchmark surge about 55% from its March lows, the country’s battered economy is still far from the pre-pandemic levels. Still, Target's presence in all 50 states may necessitate another attempt to expand across the border.


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