Target Stock News

Target Corp. (NYSE: TGT) is likely to face significant challenges in regaining the market share it has lost in recent quarters, according to retail industry veteran Jan Kniffen.

Target's third-quarter results came up short, with sales growth of 0.3% from last year. The company described a shift in consumer spending from "resilient" to "resourceful.

Why Target Stock Is Getting Crushed Today

As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with a volatile financial landscape, many are making deliberate purchasing decisions, prioritizing essentials and seeking value.

Another Wall Street firm is increasing its S&P 500 target for next year, with a view that stocks are poised to extend their bull-market run to at least the end of 2025

Inflation-wary Target shoppers are watching for sales, and stocking up on discounted items, Target said. People haven't had such a strong reaction to promotions in a while, the retailer said.

Target Corp. has reported disappointing third-quarter earnings and revenue despite price-cutting efforts across the board and early holiday promotions.

Target (TGT) shares sank to their lowest point since last November following the retailer's earnings Wednesday, a day after Walmart (WMT) shares set a new record high after the company released its third-quarter report.