Target stock plunged after earnings, but were results that bad?
What Nvidia investors should know about earnings.
NEW YORK, NY / ACCESSWIRE / November 22, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Target Corporation ("Target Corporation") (NYSE:TGT) concerning possible violations of federal securities laws. On November 20, 2024, Target reported earnings well below Wall Street's expectations, which the big retail chain blamed on slower-than-expected demand.
EAST NEW YORK, NY / ACCESSWIRE / November 22, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Target Corp. ("Target" or "the Company") (NASDAQ:TGT). Investors who purchased Target securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TGT.
Target's (TGT) stock has plunged over 20% since its lackluster Q3 report while Nvidia shares have been surprisingly flat despite topping estimates and posting another quarterly record for revenue.
NEW YORK, NY / ACCESSWIRE / November 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Target Corporation ("Target Corporation") (NYSE:TGT) concerning possible violations of federal securities laws. On November 20, 2024, Target reported earnings well below Wall Street's expectations, which the big retail chain blamed on slower-than-expected demand.
Shares of Target Corp TGT recovered slightly in early trading on Thursday, after tanking on the company's third-quarter earnings miss.
EAST NEW YORK, NY / ACCESSWIRE / November 21, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Target Corp. ("Target" or "the Company") (NASDAQ:TGT). Investors who purchased Target securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TGT.
EAST NEW YORK, NY / ACCESSWIRE / November 21, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Target Corp. ("Target" or "the Company") (NASDAQ:TGT). Investors who purchased Target securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/TGT.
Target Corporation's weak guidance for the holiday season and softness in discretionary categories lead me to initiate a “Sell” rating with a fair value of $112 per share. Despite 10.8% growth in digital sales, Target's physical stores face challenges, with a 1.9% decline in comparable sales. Internal issues like SKU optimization and supply chain management, along with high competition, contribute to Target's underperformance compared to Walmart.
Target missed the mark in Q3, reporting results well below expectations. Sour investors sent shares in the stock plummeting over 20% during Wednesday's trading hours. While consumers appreciated Target's price promotions, investors were clearly more critical.
Manny Chirico, BCI Brands chairman and former PVH chairman and CEO, joins 'Squawk Box' to discuss the current state of retail following Walmart and Targets's earnings, if the holiday season will positively impact these companies, and much more.