Target's problems are temporary and it's business is hitting on all cylinders.
Target (TGT -0.54%) stock is down big on Wednesday after the company reported third quarter 2022 earnings. The market didn't like margins and guidance, but the company continues to take market share and it's growing as competitors are laying off staff. If we take a long-term view of the stock, it's a great value for investors.
*Stock prices used were end of day prices of Nov. 16, 2022. The video was published on Nov. 16, 2022.
John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Target. The Motley Fool recommends United Parcel Service. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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