From Nasdaq: 2024-04-10 01:19:10

Target (NYSE: TGT) stock is up 21% YTD, reaching around $172 per share, reflecting investor optimism for growth rebound. FY’23 saw declining sales but improved margins, with EPS at $8.94, up 50% YoY. TGT forecasts $107.9B in revenues for FY’24, expecting a slight EPS increase to $9.42.

TGT anticipates 3-5% comp sales decline in Q1 and introduces Target Circle 360 subscription with new benefits to compete with Amazon and Walmart. Stock is down from 2021 high, but at $172/share, it’s fairly priced. Peers comparison shows TGT return at 138% from 2017 to 2024.



Read more at Nasdaq: TGT Stock Up 21% YTD, What’s Next?