.August 22, 2024 03:13:26 AM

Target’s stock price has hit a record high after revising its profit forecast, indicating strong financial health and future growth. Morgan Stanley has reaffirmed an Overweight rating on Target, expecting market outperformance. Key financials like quarterly revenue of $25.45 billion and net income of $1.19 billion highlight Target’s operational efficiency and profitability. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $2.26 billion and earnings per share (EPS) of 2.58 showcase Target’s financial strength and value generation for shareholders. Overall, Target’s recent success and positive outlook position it as a top performer in the retail industry with promising growth prospects.