Target Corporation (TGT)
Target Teams With Shopify To Boost Online Sales
Target (TGT) shares advanced in intraday trading Monday after the retailer announced a partnership with the e-commerce platform Shopify (SHOP) to boost its online sales.
Target and Shopify team up to expand Target's third-party marketplace
Shopify merchants can now sell their items to Target's millions of shoppers, thanks to a new partnership. The companies announced on Monday that sellers on the commerce platform can apply to join Target Plus, the retail giant's third-party marketplace where merchants can sell and manage orders.
Target Stock Tumble: Opportunity Knocks for Value Investors
Major American retail department store operator Target Co. NYSE: TGT stock has been struggling to stay positive during the year. The performance against rival big box department store Walmart Inc. NYSE: WMT has been stark as its stock has been hitting new all-time highs on a weekly basis.
Why is the Target (TGT) stock price up $2.75 today?
The Target stock price is up almost 2%, or $2.75, following a couple of significant news announcements from the company today and on last Friday. The TGT share price closed at $143.38 on Friday June 21, and was up to $146.
Target taps Shopify to add sellers to its third-party marketplace
Target has struck a deal with Shopify to discover new brands and hot items for its third-party marketplace. For Target, adding the items could help drive online traffic as the discounter tries to get back to sales and e-commerce growth.
Target: AI-Driven Turnaround
Target has faced challenges, including political backlash, shrinkage, and declining same-store sales, but has successfully navigated competition from e-commerce. Target is using AI to improve customer experience and operational efficiency, with a GenAI-powered chatbot rollout planned for later this year. I believe Target's stock is undervalued with a forward P/E ratio below the sector median, presenting a compelling investment opportunity if operational challenges are addressed.
Coca-Cola Is a Rock-Solid Dividend King, but So Is This Dirt Cheap Stock That's Down 13% in the Past 3 Months
After a monster rally, Target stock is once again selling off. Macroeconomic indicators are working against the retailer.
Target: Dividend King Held Down By Unfavorable Conditions
Target's price has struggled despite strong business fundamentals, because of short-term headwinds caused by macroeconomic conditions. The current dividend yield is 3.1% and the payout ratio remains healthy. Future dividend raises are likely to continue. Factors such as interest rate hikes, inflation, and rising unemployment have impacted Target's growth. However, the company is making active strides to offset these challenges.
Target (TGT) to Roll Out GenAI Tool Store Companion Nationwide
Target's (TGT) introduction of the Store Companion tool marks a significant milestone in the use of GenAI technology in retail.
Target Pilots GenAI-Powered Chatbot Designed for Store Staffers
Target is piloting a generative artificial intelligence (AI)-powered chatbot that answers store staffers' questions about on-the-job processes. The retailer is piloting the Store Companion chatbot at about 400 stores and plans to roll it out to nearly all of its almost 2,000 stores by August, Target said in a Thursday (June 20) press release.
Target Moves Further Into AI Space With 'Store Companion' Chatbot for Employees
Target (TGT) is leaning further into artificial intelligence (AI), announcing plans Thursday to roll out a new generative AI chatbot to all of its stores this summer.
Cathie Wood Just Put a $2,600 Price Target on Tesla. With the Stock Down 54% From Its Highs, Is Now the Time to Buy?
Cathie Wood set a $2,600 price target on Tesla, representing 14 times upside if hit. A prior target with 12 times upside that Wood made on Tesla in 2018 did come to fruition.
