A Bull Market Could Be Here: 3 Reasons to Buy Target Stock
It's been a tough past few quarters for retailer (NYSE: TGT). Ditto for shareholders. The stock's been halved since hitting record highs in 2021, reaching three-year lows just last month. The company's simply struggling with post-pandemic malaise. It's being further crimped by raw inflation.
But the rest of the market isn't feeling the same pain. The S 500's up 20% from March's low and 27% above October's bear market bottom. Although it might still be too soon to call this move the beginning of a new bull market, there's no denying it's a possibility. If that's the case, Target is suspiciously being left out of the effort.
Don't be too discouraged by Target's persistent weakness, though. In fact, if a bull market is in the offing, you might want to use this weakness as an opportunity to buy the stock. The conditions that will start a new bull market are the same conditions that will reverse Target's recent lackluster results.
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..
