If you are staring at Target’s current share price and wondering whether it is time to buy, hold, or pass, you are not alone. It’s been a bumpy ride lately, and you want to feel confident about whichever direction you choose. In the last week alone, shares managed to bounce up by 2.7%, suggesting there is still life in the stock despite deeper losses over the past year. Longer-term performance tells a tougher story: down 3.2% for the month, and a steep drop of almost 38% in the past year. That sort of drawdown has left many investors anxious, but also potentially opened up a window of opportunity for anyone who believes in a turnaround story.

So, why the volatility? Part of the picture comes from shifting company news. The recent…