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TGT

TGT | SHORTNYSE:TGT Technical Analysis of Target Corporation (TGT) Key Observations: Current Price Action: Price: $139.17 Recent Drop: -7.85 (-5.34%) Support and Resistance Levels: Immediate Support: $137.16 (Bearish Line) Further Supports: $128.21 (Target Price 1), and $111.08 (Target Price 2) Resistance: The price recently broke below a support level at around $141.23. Trendlines: The price has broken below a key upward trendline, indicating a potential shift from a bullish to a bearish trend. Relative Strength Index (RSI): Current RSI: 44.09 The RSI shows a decline, approaching the oversold zone, indicating increasing selling pressure. Target Prices: Target Price 1: $128.21 This level is the immediate support and a potential first target for any continued downward movement. Target Price 2: $111.08 If the price breaks below the immediate support, the next target is around $111.08, a significant support level. Summary: Target Corporation (TGT) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $137.16, $128.21, and $111.08. The RSI indicates potential for further declines if market conditions remain negative.
NYSE:TGTShort
by shkspr
Target (TGT): A Buying Opportunity in the GapAfter three months of waiting and planning this setup on NYSE:TGT , we are finally buying shares following the recent drop into the desired breakout gap. Before this move, the stock hovered around the Point of Control (POC), making a breakout in either direction inevitable. This decline now provides a more favorable risk-to-reward ratio, setting us up to aim for the all-time highs once again. If the level of wave (4) is breached, we will need to reassess our bullish outlook and consider a potential deeper correction. However, the setup remains promising as the 78.6% and 88.2% Fibonacci retracements align perfectly with the lower edge of the gap. Historically, NYSE:TGT ’s oversold RSI since 2019 has led to a minimum 50% pump in four out of six cases, further solidifying our bullish view. The next critical level to watch is $180—reclaiming this resistance will be crucial for continued upward movement. Until then, we will stay patient and monitor the situation. ✅
NYSE:TGTLong
by freeguy_by_wmc
ThorwalletDEX (TGT) ThorwalletDEX!!! This is just idea and not a financial advice. If you like low caps with huge upside/risk, this one is for you. Zoom in on daily time frame. Do your own research. Don't just buy low market cap coins. This chart tells me one simple reason to buy TGT - the chart looks super super bullish. I've been bullish on ThorwalletDEX for a long time. It's more than the fundamentals that speak to me, everything is align. I will not give any price targets, I have no clue, but I really think TGT can explode. TGT is a superb App/DEX, 16 million dollar market cap, cross chain! I don't now what I have missed, it's seems so wrongly priced!
Long
by TaTaTaCrypto
What Wall of Worry? Path of Least Resistance for NowI reviewed an interesting study Tuesday about V bottoms. Over 20 years of data showing the average "V Bottom" takes nearly 1 year to come back and get into positive territory. The fact that all US Indexes and many stocks have done this in 10-15 trading trades is pretty remarkable. Will we more path of least resistance at all-time highs or will we see resistance actual hold for a beat. All US Markets closing green today, Russell 2000 led the indexes today with +1.30% DXY hitting fresh lows, but 101 and 100 are major technical support levels that I'm watching. Review at your convenience. Thanks for watching!!!
CME_MINI:ES1!
by ChrisPulver
2
Target’s Q2 Triumph: Earnings Beat, Surging Stock, & OutlookKey Takeaways: - Target (TGT) shares surged over 13% after a strong Q2 earnings report. - The company’s revenue and net income outperformed expectations, driven by increased store traffic and digital sales. - Target raised its full-year EPS guidance, reflecting confidence in sustained growth. A Strong Quarter Amidst Challenges Target Corporation ( NYSE:TGT ) has delivered an impressive performance in its second quarter of fiscal 2024, surprising analysts and investors alike with stronger-than-expected earnings and a positive outlook for the remainder of the year. The retailer’s stock soared over 13% in pre-market trading on Wednesday, signaling renewed investor confidence in the company’s growth strategy. Target ( NYSE:TGT ) reported second-quarter revenue of $25.42 billion, a 2.6% year-over-year increase, surpassing Wall Street’s expectations. Even more noteworthy was the 40% jump in net income, which reached $1.19 billion, a significant improvement from the previous year’s quarter. This robust financial performance is a testament to Target’s successful cost-cutting measures and strategic investments in key growth areas. Driving Growth: In-Store Traffic and Digital Sales One of the most encouraging signs from Target’s Q2 report was the return to growth in comparable store sales. After experiencing a year-over-year decline in the first quarter, comparable store sales rebounded with a 2% increase. This growth was fueled by a 3% rise in in-store traffic and an impressive 8.7% surge in digital sales. Target’s ability to drive both physical and online traffic highlights the effectiveness of its omnichannel strategy. The company’s same-day services, including curbside pickup and same-day shipping, were particularly successful, contributing to double-digit growth in these areas. Additionally, discretionary sales trends showed meaningful improvement, with categories like apparel and beauty leading the charge. Raising the Bar: Upgraded Profit Outlook Buoyed by its strong second-quarter performance, Target ( NYSE:TGT ) has lifted its full-year earnings per share (EPS) guidance. The company now expects full-year EPS to range between $9.00 and $9.70, up from the previous forecast of $8.60 to $9.60. This upward revision reflects Target’s confidence in its ability to navigate ongoing economic challenges while continuing to deliver value to its customers. For the third quarter, Target ( NYSE:TGT ) projects flat to 2% growth in comparable sales, with EPS expected to range between $2.10 and $2.40. Despite a cautious outlook on sales growth, the company’s profitability remains strong, underscoring its resilience in a competitive retail landscape. Value-Driven Strategy in a Competitive Market During an interview on CNBC’s “Squawk Box,” Target CEO Brian Cornell addressed concerns about inflation and price gouging in the retail industry. Cornell emphasized that Target operates in a “penny business,” with thin profit margins that leave little room for price inflation. He highlighted Target’s commitment to providing value to customers, a strategy that has resonated well in an environment where consumers are increasingly budget-conscious. In response to shoppers’ concerns about rising prices, Target has implemented strategic price cuts on thousands of everyday items, including essentials like diapers and peanut butter. This approach has successfully driven higher traffic to Target’s stores and website, with the company reporting a 3% increase in customer traffic during the quarter. Cornell’s comments reflect Target’s broader strategy of appealing to consumers who are carefully managing their budgets. By focusing on value and competitive pricing, Target has positioned itself as a retailer of choice for price-sensitive shoppers, even as inflationary pressures persist. Financial Strength and Strategic Investments Target’s strong financial performance in the second quarter is also reflected in its operating results. The company’s operating income margin rate increased to 6.4%, up from 4.8% in the same period last year. This improvement was driven by higher gross margins, which benefited from cost improvements that more than offset higher promotional markdown rates. In addition to its earnings performance, Target ( NYSE:TGT ) continued to deploy capital strategically. The company repurchased $155 million of its shares in the second quarter and paid $509 million in dividends, reflecting its commitment to returning value to shareholders. Target’s after-tax return on invested capital (ROIC) also improved, reaching 16.6% for the trailing twelve months, compared to 13.7% in the previous year. Conclusion: A Retailer on the Rise Target’s second-quarter results underscore its resilience and adaptability in a challenging retail environment. The company’s strong earnings, improved profit margins, and upgraded full-year guidance signal that Target is well-positioned to continue its growth trajectory. As it navigates the complexities of inflation and changing consumer behavior, Target’s focus on value, digital expansion, and strategic investments will be key drivers of its success in the coming quarters. Investors and market analysts will undoubtedly be watching closely as Target continues to execute on its growth strategy.
NYSE:TGTLong
by DEXWireNews
Target (TGT): Ready to Break Out of Its DowntrendWith Target, we have another major player in the US retail market, and we prefer its price structure over Walmart's. After completing Wave (3), Target experienced a significant sell-off, forming Wave (4). Currently, it appears that an inverse head and shoulders pattern is developing, which could signal a bullish reversal. The neckline looks particularly strong, and I will have a bullish outlook once this neckline is reclaimed. There is a breakout gap following the completion of Wave (4), which might be revisited. However, for a well-formed head and shoulders pattern, we should see some momentum soon to create two shoulders at the same level. As long as the Wave (4) level at the Point of Control (POC) holds, we expect more upside, either after a slight dip into the breakout gap or immediately following the earnings report next week.
NYSE:TGTLong
by freeguy_by_wmc
3
Target Shares Slides 7.38% After Inflation Hurts EarningsTarget's first-quarter earnings and sales fell by 7.38% due to inflation, causing shares to fall in pre-market trading. Adjusted earnings per share were $2.03, down from $2.05 year on year and worse than analysts expected. Total revenue was $24.53 billion in the first quarter ended May 4, down 3.1% from $25.32 billion in the same period last year. First-quarter comparable sales were down 3.7%, marking the fourth straight quarter of decline. The slowdown in sales was primarily in discretionary categories like home decor and electronics but partially offset by a continued growth in beauty. Target's net income came in weaker, at $942 million compared to $950 million in the same quarter in 2023. The number of transactions and average amount spent at Target stores ( NYSE:TGT ) and digital channels were both down 1.9% in the first quarter, compared to a traffic growth of 0.9% and a decline of 0.9% in average transaction amount in the comparable period last year. Target stock was down more than 9% to about $141 per share in Wednesday’s pre-market trading, following Wednesday’s report. Target's ( NYSE:TGT ) revenue fell slightly last year for the first time in seven years following a weaker growth in visitor numbers that hit retail businesses across the United States. In March 2024, the big-box retailer re-introduced its free loyalty program, Target Circle, and launched a paid membership program that allows customers to get free same-day delivery on orders over $35 in as little as an hour at $99 a year. These initiatives were aimed to stimulate demand and rival existing paid membership programs by Amazon Prime and Walmart+. Target shares ( NYSE:TGT ) slipped ahead of markets opening Wednesday after the retailer reported first-quarter results, with revenue meeting expectations but declining 3% year-over-year. Despite posting a slight earnings beat for the quarter, Target's second-quarter and full-year profit guidance ranges were mostly below estimates. The company said it is still feeling the impact of shoppers lowering their discretionary spending, but added that "discretionary sales trends continued to improve" from previous quarters.
NYSE:TGT
by DEXWireNews
Thorwallet DEX (TGT) - time to rocket soon?!Thorwallet DEX has been building for years now. It may seem irresponsible to recommend a coin with such a low market cap as 22 million, but… The chart speaks for itself. It points upwards. Even in a sideways market. Something is cooking!? The strong connection to Thorchain could also be extremely positive for the price in a bull market. I see Thorwallet as a bargain with such a unique product. Even if the risk is high risk. I think it could be a nice time to look deeper into what Thorwallet DEX is - before a possible explosion in price. If you have high conviction in Thorchain - TGT could be something to look deeper into! DCA and wait for marketing, exchange listings etc.th.. Non financial advice - high risk token with great potential if everything works out well!
Long
by TaTaTaCrypto
1
TARGET $TGT - Mar. 25th, 2024TARGET NYSE:TGT - Mar. 25th, 2024 BUY/LONG ZONE (GREEN): $170.50 - $184.00 DO NOT TRADE/DNT ZONE (WHITE): $163.25 - $170.50 SELL/SHORT ZONE (RED): $150.25 - $163.25 Weekly: Bullish Daily: Bullish 4H: Bullish NYSE:TGT had strong bullish momentum on March 5th, we saw a slight pullback after with steady bearish structure on the 4H timeframe, and then a break back above structure to create a new bullish zone to begin looking for entries. The DNT zone is marked in the event of a breakdown of the bullish structure. The bearish trend would begin at the bottom of the overall structure of the previous bear leg. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trend analysis, technical indicators, support and resistance, targetstock, tgtstock, NYSE:TGT , tgt, target, retailstocks, supermarketstocks, walmart, costco, NYSE:WMT , NASDAQ:COST , targetanalysis, targettrend, targetlong, targetshort,
NYSE:TGTLong
by TonyAiello
Target Beats Expectations Despite Sales Dip.Target Corporation ( NYSE:TGT ) has defied expectations with its latest earnings report, showcasing resilience in the face of challenging market conditions. Despite a dip in holiday sales, the retail giant reported a surge in earnings for the fourth quarter, surpassing analyst estimates and instilling confidence in investors. As the company sets its sights on 2024, it unveils ambitious plans to boost store traffic and reignite sales growth through innovative strategies. Earnings Surge Amidst Sales Decline: In a surprising turn of events, Target ( NYSE:TGT ) reported a significant increase in earnings for the holiday quarter, with adjusted earnings per share (EPS) reaching $2.98 compared to $1.89 in the same period last year. This remarkable surge comes despite a 4.4% decline in comparable sales, which was lower than the 4.6% decline anticipated by analysts. The company attributes this resilience to a recovery in online sales, driven by a robust Black Friday and Cyber Monday performance. Strategic Initiatives Driving Growth: Target's success can be attributed to its strategic initiatives aimed at enhancing customer experience and driving sales. The introduction of same-day pickup services, such as Drive-up, has proven to be a game-changer, accounting for more than 10% of total sales in the quarter. Furthermore, the rollout of new product collections and the launch of a membership program are expected to further stimulate spending at Target stores. Navigating Challenges and Embracing Opportunities: Despite facing challenges such as inflation and retail crime, Target remains steadfast in its pursuit of growth. By focusing on expanding its product offerings and improving service offerings, the company aims to capitalize on emerging opportunities in the retail landscape. Additionally, Target's commitment to innovation, as evidenced by its consideration of a new paid membership program, underscores its determination to stay ahead of the curve. Outlook for 2024: Looking ahead, Target ( NYSE:TGT ) projects adjusted earnings between $8.60 to $9.60 per share for 2024, signaling confidence in its ability to sustain profitability amidst evolving market dynamics. Furthermore, the company expects annual comparable sales to be flat to up 2% this year, demonstrating optimism regarding its sales recovery trajectory. Investor Sentiment and Market Analysis: Target's upbeat earnings report has elicited a positive response from investors, with shares surging by as much as 11% in premarket trading. Despite some moderation in gains, the stock remains undervalued, trading at a favorable forward earnings multiple. This indicates potential upside for investors and reflects market confidence in Target's long-term growth prospects. Conclusion: In conclusion, Target's ( NYSE:TGT ) stellar performance in the face of adversity underscores its resilience and adaptability as a retail powerhouse. With a clear focus on driving innovation, enhancing customer engagement, and delivering shareholder value, the company is well-positioned to navigate challenges and capitalize on opportunities in the dynamic retail landscape.
NYSE:TGT
by DEXWireNews
$TGT Fibonacci Support or Double BottomIn the case of Target Corporation ( NYSE:TGT ), the consideration of whether to rely on Fibonacci support levels or to wait for a potential double bottom formation around $90.17 involves a strategic decision based on technical analysis principles. ### Fibonacci Support Level - **Fibonacci Retracement**: This tool is used to identify potential support levels based on key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 100%) calculated from a prior price move. If NYSE:TGT is currently near a significant Fibonacci level, this could indicate a potential area where the stock might find support and possibly rebound. - **Confirmation**: Traders often look for additional confirmation signals at these levels, such as candlestick patterns, RSI divergences, or volume changes, to validate the strength of the Fibonacci support. ### Waiting for a Double Bottom at $90.17 - **Double Bottom Formation**: This is a bullish reversal pattern characterized by two distinct lows at a similar price level, with a moderate peak in-between. If NYSE:TGT approaches $90.17 and forms a pattern that resembles a double bottom, it could signal a potential reversal from the downtrend. - **Confirmation and Breakout**: Confirmation of a double bottom would require a rally above the peak between the two lows. This breakout is often accompanied by increased trading volume. ### Considerations for Investors and Traders 1. **Risk Tolerance and Time Horizon**: Your decision might depend on your risk tolerance and investment time horizon. Fibonacci levels can provide earlier entry points, but with potentially higher risk if the support level does not hold. Waiting for a double bottom formation may offer more confirmation but could result in a higher entry price. 2. **Market Context**: Consider overall market conditions and sector performance. Macro factors and company-specific news can influence the effectiveness of technical patterns. 3. **Additional Indicators**: Utilize other technical indicators and analysis methods to supplement the Fibonacci and double bottom analysis, ensuring a more comprehensive decision-making process. 4. **Active Monitoring**: Both approaches require active monitoring of the stock’s price action, particularly near the critical levels of interest, to make timely decisions based on the evolving technical landscape. In summary, the choice between relying on Fibonacci support and waiting for a double bottom at $90.17 for NYSE:TGT should be made based on a blend of your trading strategy, risk tolerance, and corroborating signals from other technical indicators and market analysis.
NYSE:TGT
by AlgoTradeAlert