Target Stock (NYSE:TGT): Is There Any Value after Recent Plunge?
December 02 2022 - 03:10PM
TipRanks
Shares of big-box retailer Target (NYSE:TGT) were under quite a bit
of pressure following the release of some bleak results. Following
Target's quarterly crumble, Wall Street analysts have been lowering
their price targets. BMO Capital downgraded the firm to "Hold" from
"Buy" while reducing its price target to $165. That's pretty much
where the stock sits today. Indeed, many analysts don't seem to see
much value after Target's latest flop. Undoubtedly, the firm can
point the finger at macro headwinds. Every firm has been weighed
down by them these days. Still, Walmart's (NYSE:WMT) impressive
number shows that maybe it isn't solely macro that's to blame.
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