1 Bargain Stock at a 52-Week Low to Buy Right Now
Most stocks are up significantly from their 52-week lows as stocks surged through the first half of the year, but one well-known retail stock is getting left behind: Target (NYSE: TGT). The multi-category retailer just hit a new 52-week low, sinking to its lowest point in more than three years.
It's understandable why the stock is plumbing new depths. Consumer spending has shifted away from discretionary goods toward services such as travel and necessities such as food and gas.
Target is also experiencing record losses resulting from theft, forecasting a shortfall of $500 million this year from "shrink," and it faces other operational woes such as rightsizing inventory following its heady growth during the pandemic. All of those challenges have eaten into its profit margins.
Source Fool.com
Target Corp. Stock
The stock is one of the favorites of our community with 48 Buy predictions and 1 Sell predictions.
As a result the target price of 170 € shows a positive potential of 23.56% compared to the current price of 137.58 € for Target Corp..
