Target Shares Plunge on Its Holiday Outlook. Should Investors Buy the Dip in the Stock?
TGTTarget(TGT) The Motley Fool·2024-11-23 18:40

Target (TGT 2.81%) is getting labeled as the Grinch heading into the holiday season, after the retailer saw its shares plunge following poor third-quarter results and subdued guidance for the upcoming quarter. This most recent earnings summary was in contrast to rival Walmart (WMT 2.32%), which reported strong quarterly sales and was upbeat approaching the all-important holidays for retailers.The slump in Target's share price now has the stock trading down about 14% on the year, as of this writing. Let's ta ...