This Underrated Retail Stock Could Outperform Walmart and Costco
Target (NYSE: TGT) is one of the top big-box retailers in the country, but it isn't trading like one. While investors have been bullish on Costco Wholesale (NASDAQ: COST) and Walmart (NYSE: WMT) this year, there hasn't been nearly as much excitement around Target. The stock has been struggling thus far in 2023.
Yet, there are some catalysts that could make Target a much better buy toward the latter half of this year. Here's why investors should consider buying this beaten-down stock.
According to data from location analytics company placer.ai, during the first half of the year, retail visits have fallen 0.3% from a year ago. But one company that has been doing particularly well is Target, with its visits up 3.1% this year. That's higher than Costco's 1.2% increase and better than Walmart, which saw a decline of 0.9%.
Source Fool.com
Target Corp. Stock
With 43 Buy predictions and 1 Sell predictions Target Corp. is one of the favorites of our community.
With a target price of 168 € there is a positive potential of 24.0% for Target Corp. compared to the current price of 135.48 €.
