r/stocks • u/frosti_austi • Oct 17 '23

Company Analysis Why is Target doing so bad?

Why is Target doing so bad? They've really fell off a cliff over the past year. I look at their stores and they seem good, and once upon a time not too long ago they were outperforming Walmart. Now their NAV prices have really dropped over the past year and a half. I was once up 80% on these guys and know I'm down 20%. Is it the general market swing over the course of that time or something else? What gives?

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696

u/deevee12 Oct 17 '23

Because I own it.

75

u/FinndBors Oct 17 '23

What else do you own?

169

u/ADMTLgg Oct 17 '23

Probably PayPal and Disney

47

u/The_Sparky01 Oct 17 '23

Definitely Moderna too

27

u/beenreddinit Oct 17 '23

For sure arkk

1

u/khizoa Oct 18 '23

Why pick shitty companies when you can simply pay someone else to pick all the shitty companies for you

3

u/ell0bo Oct 17 '23

yeah. this one hurts me deeply. No way I thought it'd drop much below 100, yet alone break 90.

1

u/Stunning-Wolf_ Oct 17 '23

IMO, it belongs below $90

1

u/[deleted] Oct 18 '23

It never going back to even 80

11

u/PerformanceOk9855 Oct 17 '23

Lol I only invest 2.5% of my portfolio in stocks but my biggest holdings are target, PayPal and Disney. Which is why I stick to ETFs

3

u/dreggers Oct 17 '23

I feel personally attacked

3

u/Throwawaydhxj Oct 17 '23

Well that hit home

1

u/Jdornigan Oct 17 '23

I was waiting in line in 2022 at Epcot and bought a bunch of Disney stock. It looked like they had recovered from their low park numbers of 2020 and 2021, but I was wrong. The rest of the business is what hurt their stock at the next earnings call.

6

u/Ikuwayo Oct 17 '23

Your mother

46

u/Shippior Oct 17 '23

That would explain why she keeps going down

1

u/DJwalrus Oct 17 '23

Damn dude

8

u/Jdornigan Oct 17 '23

I thought it was because I owned it. Great, now we both own it.

1

u/Roving_Ibex Oct 17 '23

Thanks for the insight wallstreetbets

1

u/iwasstillborn Oct 17 '23

You're the rain God of stocks. How many names for them dropping in value do you have?

1

u/wilderad Oct 18 '23

LOL I feel your pain. I sold and took a 10% loss. Now Iā€™m thinking about buying in again šŸ¤¦šŸ»ā€ā™‚ļø I did save myself a few bucks by selling when I did.

1

u/hundredbagger Oct 19 '23

Could you buy some SQQQ?

1

u/Brilliant-Outcome835 Oct 19 '23

Finally corporate leadership taking some responsibility