The Relative Strength (RS) Rating for Target stock jumped into a higher percentile Thursday, as it got a lift from 68 to 73. The retail chain said it pulled magnetic learning activity kits about Civil Rights leaders off its shelves after a viral TikTok video pointed out misidentified names.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their largest climbs. See if Target can continue to show renewed price strength and clear that threshold.
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Is Target Stock A Buy?
Target stock is working on a wide cup without handle with a 181.70 entry. See if the retail stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth declined last quarter from 362% to 36%. But revenue gains moved higher, from -5% to -4%. The next quarterly results are expected on or around Mar. 5.
Target stock holds the No. 2 rank among its peers in the Retail-Major Discount Chains industry group. Target and Walmart are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
