Just days ago, we highlighted opportunity in Target (SYM: TGT), as it traded at $145.
Today, it’s up to $155.44 and could rally back to $165 near-term. All as we near back to school shopping season again in just weeks. Even better, as we wait for TGT to push higher, we can collect its current dividend of $1.12 – which is payable Sept. 10, 2024 to shareholders of record at the close of business August 21, 2024.
Analysts at Piper Sandler also just initiated coverage of TGT with a neutral rating with a price target of $156. We also have to consider that Target, which trades at less than sales, is expected to grow its earnings 18% annually, and is poised for massive growth.