Target's Stock Is Up Over 30% This Year. Is It Still a Good Buy?
The retail stock recently hit a new 52-week high and has been outperforming rival Walmart this year.
Overview
In recent years, Target (NYSE: TGT) has struggled to win over investors, with its larger rival Walmart being the hotter buy. But this year, the tide seems to have turned, with the former rising by around 33% and the latter being up just 2%.
What's behind Target's sudden surge this year, and can this trend continue? Here's a closer look at whether the retail stock is still a good buy right now, or if it may be running out of steam.
Image source: Getty Images.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.