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Target Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Target's Q4 earnings are projected at $2.25 per share, down from $2.98. 2. Quarterly revenue expected to drop to $30.85 billion from $31.92 billion. 3. Target partners with Warby Parker for affordable eyewear offerings. 4. Target shares rose 1.4%, closing at $124.24 on Friday. 5. Analysts maintain varied ratings, with price targets generally increasing.

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FAQ

Why Bearish?

Target's expected earnings decline indicates weaker performance, affecting overall market sentiment. Historical drops in earnings often lead to stock price falls and can negatively impact S&P performance.

How important is it?

Given Target's significant presence in the retail space, its performance can influence S&P 500 index which may reflect broader consumer confidence and spending.

Why Short Term?

The earnings report will directly impact sentiment and stock prices after release. Similar past announcements led to immediate market reactions.

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