Is Target Stock a Buy?
When it comes to the discussion of major retailers, Target (NYSE: TGT) sometimes becomes an afterthought. Particularly with regard to the COVID-19 pandemic, retail analysts have tended to focus on Target's principal competitors, Walmart, Costco, and Amazon.
However, like its peers, local governments deemed Target essential, and it has maintained operations while several of its competitors remained shuttered. This probably helped Target stock over the past few months as a run on consumer staples helped to drive revenue increases. Now, with the stock bouncing back from its March lows, the question for investors is whether Target stock remains a buy?
Despite remaining open and benefiting from a run on consumer staples, Target's earnings report in the prior quarter brought both bad and good news to the company.
Source Fool.com
