Was The Run In Target Stock Hiding In Plain Sight?

Target (TGT) stock returned 76.5% in the twelve months to October 7, 2026. By comparison, the S&P 500 returned 17.1%. During this stretch, shoppers returned to the retailer, and its sales grew again after a long decline. Yet when the run began, Target had posted falling sales in its three most recent financial reports. So what was there to see in those reports.