Target Just Posted Its First Sales Growth in 5 Quarters. So Why Did the Stock Drop Anyway?
Key takeaways
- TGT NVDA INTC Shares of big-box retailer Target (NYSE: TGT) slid about 4% after the company reported its fiscal first quarter of 2026 (the period ended May 2, 2026) earlier this week.
- Target said its comparable sales -- a measure of sales trends at stores and digital channels open for at least 13 months -- rose 5.6%, the company s first positive reading in five quarters.
- Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need.
TGT NVDA INTC Shares of big-box retailer Target (NYSE: TGT) slid about 4% after the company reported its fiscal first quarter of 2026 (the period ended May 2, 2026) earlier this week. At first glance, this reaction may be surprising. After all, the quarter offered the clearest evidence yet that Target s long-awaited turnaround is taking hold. And management was confident enough to raise its full-year sales forecast.
Target said its comparable sales -- a measure of sales trends at stores and digital channels open for at least 13 months -- rose 5.6%, the company s first positive reading in five quarters.
Will AI create the world s first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »