Should You Buy Target Corporation (TGT) Stock on Thursday?

Thursday, August 11, 2022 03:40 PM | InvestorsObserver Analysts

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Overall market sentiment has been high on Target Corporation (TGT) stock lately. TGT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Target Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TGT!
See Full TGT Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With TGT Stock Today?

Target Corporation (TGT) stock is trading at $169.47 as of 3:31 PM on Thursday, Aug 11, a decline of -$0.17, or -0.1% from the previous closing price of $169.64. Volume today is 3,096,312 compared to average volume of 3,434,042. The stock has traded between $168.88 and $173.00 so far today. To see InvestorsObserver's Sentiment Score for Target Corporation click here.

More About Target Corporation

With 1,926 stores (as of the end of fiscal 2021), Target is a leading American general merchandise retailer, offering a variety of products across several categories, including beauty and household essentials (26% of fiscal 2021 sales), food and beverage (19%), home furnishings and décor (19%), hardlines (18%), and apparel and accessories (17%). Most of Target's stores are large, averaging more than 125,000 square feet. The company has a significant e-commerce presence, deriving around 19% of sales from the channel (up from about 9% in fiscal 2019, before the pandemic). In addition to its namesake stores, Target owns Shipt, an online same-day delivery platform. After it exited Canada in 2015, virtually all of Target's revenue is generated from the United States. Click Here to get the full Stock Report for Target Corporation stock.

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