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Target showed a big pop in November sales
I've been watching this closely lately. The stock didn't rally today and is flat after hours but it seems like it has bottomed. Thoughts?
Target is an early winner of the U.S. holiday shopping season.
The Minneapolis-based retailer chain increased sales approximately 10% in November, according to Bloomberg Second Measure, which analyzes anonymized U.S. consumer transactions to measure revenue.
Target's gains doubled the rate of top rivals Walmart and Amazon. Of course, December could be a different story with the arrival of the COVID-19 omicron variant.
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Ilona : Recognia says it will likely drop down to like $175-180 in the near term, I think it’s a good time to buy then.
Target is not going anywhere and their app is really good, shopping experience is better than Walmart and they now are making their own store brands more prominent.