Why Target Stock Is Getting Crushed Today
Target(TGT) The Motley Fool·2024-11-21 02:58
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 ...