Target Raises Full-Year Guidance but Flags Tough Q2 Comparison
Target delivered its strongest quarter in years and raised full-year guidance, but cautious Q2 outlook signals a slowdown.
Target delivered its strongest quarter in years and raised full-year guidance, but cautious Q2 outlook signals a slowdown.
The Trade Desk stock jumped over 18% in premarket after reports of early talks with OpenAI to power ChatGPT ads. A major boost as OpenAI targets $17B revenue with 910M users.
Target forecasts upbeat 2026 profits and sales, signaling turnaround success under new CEO Michael Fiddelke. Shares jump 3% as retailer focuses on store upgrades and digital boosts.
Bank of America restarts coverage on Target with a cautious Underperform rating and Walmart with a positive Buy rating.
US retail giant Target faces activist investor pressure from Toms Capital as shares drop 64% from pandemic highs amid 12 consecutive quarters of weak sales growth.
Kroger cuts 2025 sales outlook to 2.8-3% growth as budget-conscious shoppers trade down and competitors slash prices. Stock falls 7% despite beating profit expectations.