The Best Bargain at Target Could Be its Stock
(NYSE: TGT) has had its problems over the past couple of years. Management's miscalculation on the types and amounts of some inventory led to heavily discounted sales. Supply chain disruptions didn't help that situation. It also had well-publicized theft issues that led it to actually close several stores.
That all resulted in lower profitability, and investors bailed out of Target stock. Even though the stock has recovered from recent lows and gained nearly 25% in the last six months, it's still down by nearly 10% over the past year. With the business rebounding, the discount retailer looks to still be trading at a discounted share price.
After a sharp rise in sales and earnings during the pandemic era, the previously mentioned pricing and profit margin issues resulted in a big drop in earnings in 2022.
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 27.41% for Target Corp. compared to the current price of 131.86 €.
