Target Corp (NYSE: TGT). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Marginal positive changes in Target Corp (NYSE: TGT) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
TGT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Target has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Target has a neutral Appreciation Score of 47 and a neutral Power Rating of 52, with the Neutral Value Trend Rating the result.
Recent Price Action
Target Corp (NYSE: TGT) stock declined modestly by -1.5% on 8/22/24. The stock closed at $156.82. Moreover, trading volume in this decline was unusually high at 168% of normal. The stock has risen 15.5% during the last week and has performed in line with the market over the last nine months.
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