Down 30% This Year, Is Target Stock a Bargain Buy or a Value Trap?
Big-box retailer Target (NYSE: TGT) has been one of the S&P 500's worst-performing stocks this year. Poor growth numbers and concerns about the overall economy have been weighing on its valuation of late. The stock is trading at levels it hasn't been at in multiple years.While Target's stock does look cheap, investors may be worried that it's not necessarily a bargain but instead a value trap and that the stock may be destined to fall even lower. Is that the case with Target, or could the market be overreacting to its recent struggles? Is it a stock worth adding to your portfolio today?Image source: Getty Images.Continue reading
Big-box retailer Target (NYSE: TGT) has been one of the S&P 500's worst-performing stocks this year. Poor growth numbers and concerns about the overall economy have been weighing on its valuation of late. The stock is trading at levels it hasn't been at in multiple years.
While Target's stock does look cheap, investors may be worried that it's not necessarily a bargain but instead a value trap and that the stock may be destined to fall even lower. Is that the case with Target, or could the market be overreacting to its recent struggles? Is it a stock worth adding to your portfolio today?
Image source: Getty Images.
