Target Sees Slowdown But Is Still a Strong Retail Buy

By Travis Hoium – Aug 22, 2023 at 10:14AM

NYSE: TGT

Target

Market Cap

$75B

Today's Change

(-0.72%) -$1.19

Current Price

$163.13

Price as of May 10, 2024, 4:00 p.m. ET

Target is facing headwinds, but is still well positioned to grow in retail.

The end of the pandemic has had some strange effects on Target (TGT -0.72%). Sales are down but profits are up, and the stock is now bouncing off lows. In this video, Travis Hoium covers the latest results and why there are some positives for investors to look at.

*Stock prices used were end-of-day prices of Aug. 16, 2023. The video was published on Aug. 22, 2023.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. 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.