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Target Corporation Bounces From Support Level

As of August 2024, Target has a market cap of $69.45 Billion. This makes Target the world’s 265th most valuable company by market cap according to companiesmarketcap. The opening price for this year was $141.80 and price rose to $181.88 in April, which is the highest point in 2024.

In October 2023, Friday the 6th, the lowest price of $TGT was $102.90, as last year was not a good year for the $TGT investors. The market was fully bearish up until the first week in October, as a bounce from the support level occurred. Since the bounce occurred, price has rallied to $181 after which it has dropped to the current price at $147.85 per share as at the time of this writing.

2022, 2023 and 2024 have maintained the same high at $181. On the daily chart, there is an inverted head and shoulder formed already, this could lead to the rally that will break the current resistance at $157, and push price to hit $175.

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