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Is Target Corp (TGT) Stock About to Get Hot Friday?

Friday, February 23, 2024 03:39 PM | InvestorsObserver Analysts

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Is Target Corp (TGT) Stock About to Get Hot Friday?

The market has been high on Target Corp (TGT) stock recently. TGT gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Target Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TGT!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With TGT Stock Today?

Target Corp (TGT) stock is trading at $152.08 as of 3:33 PM on Friday, Feb 23, an increase of $1.74, or 1.16% from the previous closing price of $150.34. The stock has traded between $150.41 and $152.78 so far today. Volume today is light. So far 2,103,428 shares have traded compared to average volume of 3,341,371 shares.

More About Target Corp

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 dcor 19% hardlines 18% and apparel and accessories 17%. Most of Targets stores are large averaging more than 125000 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 Targets revenue is generated from the United States. Click Here to get the full Stock Report for Target Corp stock.

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