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.

Target will announce its third-quarter earnings before the markets open on Wednesday. Target's earnings growth will likely show sequential deceleration.

Amazon (AMZN) is hitting the right chords when it comes to the grocery business. The online giant continues to invest in delivery services.

Target investors have a lot to celebrate in 2019. Stellar growth, a robust financial performance, and share buybacks have boosted shareholders’ returns.

Amazon (AMZN) is scheduled to announce its third-quarter earnings after the markets close on Thursday. Will the results impact other retailers?

On Thursday, Jefferies downgraded Kroger (KR) stock to “hold” from “buy” and lowered the target price to $26 from $29.

So far, Target (TGT) and Walmart (WMT) stock have recorded stellar gains this year. The shares are trading at record highs.

Target stock has generated stellar returns this year, outperforming broader markets by a wide margin. It had risen 60.6% year-to-date as of Friday.

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.