Target stock plunged after earnings, but were results that bad?Shares of Target (TGT 2.24%) fell after earnings because the company isn't growing as quickly as some competitors. But was it all bad? Travis Hoium digs into results and context behind Target's long-term trajectory in this video.*Stock prices used were end-of-day prices of Nov. 20, 2024. The video was published on Nov. 21, 2024. ...

Following their Q3 results on Wednesday, Target (TGT)  and Nvidia (NVDA)  are two trending stocks that investors are certainly paying attention to.Target’s stock has plunged over 20% since its lackluster Q3 report while Nvidia shares have been surprisingly flat despite topping estimates and posting another quarterly  record for revenue.  Image Source: Zacks Investment Research Target Misses ExpectationsTarget highlighted strengths in traffic and digital channels as a driver to Q3 sales of $25.66 billion whi ...

Shares of Target Corp TGT recovered slightly in early trading on Thursday, after tanking on the company's third-quarter earnings miss.JPMorgan analyst Christopher Horvers maintained a Neutral rating, while slashing the price target from $167 to $139.Goldman Sachs analyst Kate McShane reiterated a Buy rating, while reducing the price target from $192 to $164.Piper Sandler analyst Alexia Morgan reaffirmed a Neutral rating, while cutting the price target from $156 to $130.KeyBanc Capital Markets analyst Bradle ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Shares in Target (NYSE: TGT ) dropped to a new 52-week low on Wednesday after badly missing Q3 expectations. The sour sentiment contrasts sharply with discount retailers, such as Walmart ( WMT ) and Costco ( COST ), bothAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (othe ...

I retired early after 22 years in the energy industry with roles in engineering, planning, and financial analysis. I have managed my own portfolio since 1998 and have met my goal to match the S+P 500 return over the long term with lower volatility and higher income. I mostly write on positions I already hold or am considering changing. I prefer to hold positions for the long-term unless there is a compelling reason to sell. I look for investment opportunities without regard to asset class, market cap, secto ...

CNBC's Jim Cramer on Wednesday said consumers right now aren't focused on brand names, but on companies that can provide the most value."Prices have gotten so high over the past few years that we're losing our loyalty to brands," he said. "These days, this whole country is about one thing: The Benjamins."Cramer used this dynamic to explain recent quarterly results from Target, which reported its largest revenue miss in two years, sending shares down more than 21% to hit a new 52-week low. The big box retail ...

Key TakeawaysThe S&P 500 was flat on Wednesday, Nov. 20, as markets braced for afternoon earnings news from AI chip powerhouse Nvidia, the world's highest-capitalized company.Target shares plunged as the retailer missed quarterly estimates, noting cautious consumer spending behavior.AI investments helped electronic testing supplier Keysight top quarterly expectations, increasing its shares. Major U.S. equities indexes were mixed and little changed on Wednesday as Nvidia (NVDA) prepared to disclose quarterly ...

Advertisement Target's third-quarter results came up short, with sales growth of 0.3% from last year.The company described a shift in consumer spending from "resilient" to "resourceful."Now, they're waiting "until the last moment of need, focusing on deals, and then stocking up," CEO Brian Cornell said.Target has described US households as "resilient" in recent quarters. Now, the retailer is rolling out a new descriptor for shoppers this fall: "resourceful."Looking to stretch their budgets just a little fa ...

Based on the market reaction, it seems the third quarter couldn't have gone worse for discount retailer Target (TGT -20.56%). And that initial response looks about right. The company missed third-quarter revenue and earnings estimates and slashed its full-year guidance.It was the biggest earnings miss for the company in two years. And the stock got rocked. Shares were holding near session lows down a whopping 21.6% as of 12:40 p.m. ET. But amid all the negativity, there might be room for investors to benefi ...