Target’s stock is soaring, up over 56% this year, fueled by a $5 billion investment in stores and supply chain upgrades. With Q2 earnings dropping August 19th, investors are watching closely to see if the company’s recent turnaround—marked by a 7% sales jump—is sustainable. Despite past struggles with inventory and customer alienation, Target’s beating earnings estimates for four straight quarters, has a 55-year dividend streak, and trades at a discount to Walmart. The hiring of a chief AI officer adds fuel to the growth narrative. If the upcoming report confirms momentum, this could be a major buying opportunity.
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