Target lowered prices on thousands of items and shoppers returned. Now its stock is soaring

The retail giant credited price cuts and other promotions with enticing inflation-weary customers back into stores last quarter. Digital sales also saw a boost.

Shares of Target Corporation (ticker: TGT) are soaring this morning, with the stock trading over 13% in premarket as of the time of this writing. The reason? Target has reported its second-quarter 2024 results, which beat many analyst expectations.