Is Target Stock Too Cheap to Ignore?
The discount being offered for (NYSE: TGT) shares in 2023 might be getting out of hand. The retailer's stock is down 25% so far this year compared to a 14% increase for the S 500. That slump comes even as retailing peers like Walmart (NYSE: WMT) and Costco Wholesale (NASDAQ: COST) have stocks currently beating the wider market in 2023.
There are some good reasons for investors to be disappointed about Target's short-term outlook relative to its rivals. But a lot of that pessimism was already reflected in its lower valuation. Let's look at whether the stock's drop this year now makes it a good value -- or a value trap -- going forward.
The biggest knock against Target as a company right now is the fact that sales trends look weak compared to peers and have softened in recent quarters. Customer traffic was down 4% in fiscal Q2 (ended July 29), while Walmart and Costco each managed modest gains during their comparable quarters.
Source Fool.com
Target Corp. Aktie
Die Target Corp. Aktie zieht viel Aufmerksamkeit auf sich: Viel mehr Buy- als Sell-Einschätzungen.
Das Kursziel von 172 € für Target Corp. signalisiert eine mögliche Steigerung von über 20% gegenüber 141.74 €.
