Tag: Target stock
Target soared more than 9% in the premarket session today following its robust fiscal 2019 third-quarter results and upbeat earnings outlook.
Walmart stock has risen 27.1% and Target stock is up 62.6% YTD through September 24. Same-day fulfillment and delivery services have pushed their growth.
Given the sharp rise in Target stock, the upside could be limited. However, we expect Target to continue to post healthy comps and earnings growth.