Why Target Stock Gained 16% in July
The retailer's stock was too cheap to ignore.
The country’s second-largest discount chain, Target shoots to be more upscale than rivals with a focus on design.
Symbol | Last Price | Market Cap | % Δ 1 Yr | % Δ 5 Yr |
---|---|---|---|---|
TGT
Target
|
$167.90 | $77B | -35.1% | 226.2% |
AMZN |
$139.61 | $1,434B | -15.8% | 183.8% |
MELI |
$1,025.27 | $52B | -41.6% | 300.5% |
ETSY |
$113.06 | $14B | -38.7% | 607.5% |
BKNG |
$1,967.87 | $76B | -11.8% | -5.8% |
The retailer's stock was too cheap to ignore.
History has shown that retail sales in the U.S. have stayed strong through adverse economic periods.
Target finally looks like a compelling long-term investment.
They benefited from a surge of consumer spending at the pandemic's onset; the reversal is causing trouble.
Target stock has lost a third of its value this year. That makes it a great opportunity to buy shares on the dip.
Check out these hot summer deals on some blue chip winners.
Target blends income, value, and growth at a discounted price.
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