Should You Buy Target's Stock Now or Wait Until 2023?
Big-box retailer Target (NYSE: TGT) is having a tough year as profits are down, inventory levels are high, and the stock is down close to 30% year to date. There aren't many reasons to invest in the retail stock right now as it faces some big challenges ahead.
Management, however, is optimistic that things are improving and the business is on the right track. Should you invest in Target today, or are you better off waiting until next year to see if the stock is a better buy then?
Due to supply chain issues, many retailers have been struggling with high inventory levels. Inventory that is just sitting around means more costs for the business and space that's taken up by an older product rather than a newer one which may be easier to sell.
Source Fool.com
