5:44 PM · 18 October 2022

Target stock surges after Jefferies upgrade

Target (TGT.US) shares jumped over 5.0% during today's session after Jefferies upgraded its investment stance on the big box department store chain to 'buy' from 'hold' as it expects that company will benefit from an easing of supply chain issues and improved inventory positioning. Target shares had risen yesterday following upbeat comments from CEO Brian Cornell at a Yahoo Finance conference.

Target (TGT.US) stock launched today's session with a bullish price gap, however buyers struggle to break above major resistance at $160.00, which is marked with 61.8% Fibonacci retracement of the upward wave started in March 2020 and 50 SMA (green line). As long as price sits below the aforementioned level, another downward impulse may be launched towards recent lows at $137.00. Source: xStation5

24 July 2026, 6:55 PM

Daily Summary: Equities Diverge as Tech Lags, Europe Rallies on Earnings & PMIs (24.07.2026)

24 July 2026, 3:22 PM

US OPEN: Nasdaq hits 1-month low! Geopolitics bring AI trade down!

24 July 2026, 12:37 PM

Market Wrap: European Stocks Are Trying to Rebound as the Week Comes to an End💡

24 July 2026, 11:23 AM

Alphabet shares are down 22% from their all-time high 🚩 Is Google ready to resume its bull run?

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits