Tiger Brokers

BUZZ-Target rises after annual forecasts above estimates

Reuters
Mar 03
BUZZ-Target rises after annual forecasts above estimates 

** Shares of big-box retailer Target TGT.N up ~4% at $117.50 premarket

** Co forecasts annual same-store sales above estimates, betting on demand for categories such as apparel at its stores, as well as benefits from recent cost saving efforts and its advertising business

** Expects 2026 net sales growth of 2% from 2025 vs estimates for a rise of 1.76% - data compiled by LSEG

** Projects full-year earnings per share in the range of $7.50 to $8.50, largely above estimates of $7.68 per share

** TGT posts Q4 EPS of $2.44, beating estimates of $2.16

** However, quarterly revenue of $30.45 billion slightly misses estimates of $30.48 billion

** Stock fell 27% in 2025

(Reporting by Koyena Das from Bengaluru)

((Koyena.das@thomsonreuters.com))

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10