Target Stock Keeps Missing the Mark. Is It Time to Grab It From the Bargain Bin?

Investors in Target (NYSE: TGT) may struggle to imagine an earnings report worse than the one released for the third quarter of 2024. The stock fell by 22% in the following trading session as the company released disappointing results.With that, Target's stock price has fallen to lows last seen more than one year ago. Now, the question for investors is whether that means the pessimism is overdone, or is Target a stock that investors need to avoid? Let's take a closer look.Admittedly, Target's recent financials are not likely to inspire most investors. In the third quarter of 2024, revenue came in at just over $26 billion, an increase of just under 1% from year-ago levels. This included a comparable sales increase of only 0.3%. Although digital sales surged 11% higher during that time, those did little to offset the dismal in-store performance.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool