Name of opportunity: 👀
Target Corp.
A dividend stock 🤑
Target is an income stock with a consistent dividend yield, which is appealing to investors. An income stock is when the company pays out a portion of its profits to shareholders through a dividend. Target’s dividend yield is at 2.91%. This means that if you invested $1000, you might be paid $29.10 a year in dividends (based on the last 12 months).
Target also has strong cash flow and revenue, which is a positive sign for investors. Target however, is currently recovering from a dip in price recently which might have been due to its Q3 earnings. Despite this, analysts are recommending this stock as a ‘buy’ as the price is predicted to increase over the next year.
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Target Corp. might increase from $131.48 to $142.07 in the next 12 months. If you invested $1000, you might profit $80.57.
Target is a big-name brand, with many consumers flocking to the retailer for low-cost items. Target might see growth this time of year due to American consumers preparing for Christmas through food shopping and purchasing gifts.
Target is also experiencing strong cash and revenue currently, which reassures those looking to invest. Target might also be a great stock to buy due to its financial success, and also its steady dividend yield. It’s a ‘dividend aristocrat’ as it has raised its dividend payouts every year for over 25 years.
Right now, analysts are calling Target a ‘buy’, is it time to add this huge retailer to your portfolio?
Seventh largest retailer in the states 🛍️
Target Corp is an American retail corporation that is headquartered in Minneapolis, Minnesota, United States. Target operates a chain of discount department stores. The stock is also included in the S&P 500.
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