Skip to content

Target Shares Rise 5% to Within 2% of 52-Week High

Target, the US discount-store chain, has risen more than 5% in Monday's US session so far, a move that ranks fourth-largest of the past six months and leaves the shares 2% below their 52-week high.

Target (NYSE: TGT), the US discount-store chain, was up 5.13% at $166.54 by 7.15pm in London, with the US session still running. The shares have traded between $159.52 and $166.71 so far today, and they also posted a large gain on Wednesday.

TGT.US

That leaves Target 2% below its 52-week high and 104.5% above its 52-week low. The shares are up 75.1% so far this year, and they sit close to the top of the day’s range.

Line chart of Target's daily prices over the past month, with today's session so far banded and the shares sharply higher
Target’s daily close over the past month plus today’s session so far, which is banded.

How unusual this is

Today’s move is the fourth-largest of the past 126 sessions, roughly six months of trading, so only three days in that period saw a bigger move. Wednesday’s gain was also a large one, giving Target two such days in a short stretch.

Chart of Target's daily percentage changes over six months, with today's move highlighted as one of the largest
Target’s daily changes over six months, with today’s move so far in colour.

In the news

Two items published today cite BofA. One was headlined “Target Faces More Challenging Risk/Reward Outlook Heading Into 2027, BofA Says”. The other, “Target’s Comparable Sales Strength May Not Be Sustainable Into 2027, BofA Says”, said Target is expected to see strong comparable sales growth in its fiscal third quarter.

Target is due to report its next results on Wednesday 18 November.

Asktraders News Team
Asktraders News Team
Team Member

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

Stay ahead of the markets

Sign up to our free Morning Markets email, every weekday before the open.