3 Reasons to Buy Target Stock Like There's No Tomorrow
Shares of Target (NYSE: TGT) have struggled this year, dropping by nearly 30% through the week ending May 9. A confluence of factors contributed to that decline, some of which were macroeconomic and others that were of the retail giant's own making.The lingering impacts of high inflation curbed consumer demand, contributing to the 0.8% revenue decline to $106.6 billion that Target experienced in its fiscal 2024 (which ended Feb. 1). President Donald Trump's tariff policies are injecting further economic uncertainty into the situation.Not only that, Target alienated many shoppers by ending its longstanding diversity, equity, and inclusion (DEI) policies in January. Media reports indicate that the decision has led to a notable decline in foot traffic in its stores this year as consumers have boycotted the chain in response.Continue reading
Shares of Target (NYSE: TGT) have struggled this year, dropping by nearly 30% through the week ending May 9. A confluence of factors contributed to that decline, some of which were macroeconomic and others that were of the retail giant's own making.
The lingering impacts of high inflation curbed consumer demand, contributing to the 0.8% revenue decline to $106.6 billion that Target experienced in its fiscal 2024 (which ended Feb. 1). President Donald Trump's tariff policies are injecting further economic uncertainty into the situation.
Not only that, Target alienated many shoppers by ending its longstanding diversity, equity, and inclusion (DEI) policies in January. Media reports indicate that the decision has led to a notable decline in foot traffic in its stores this year as consumers have boycotted the chain in response.
