Summary: OVERPRICED
Score: 8/20
MOS: -153%
Share Price: $132
Sticker Price: $52
Is Target a good buy?
Target was founded in 1962 and is based out of Minneapolis, MN. They currently have 1,868 stores and 360,000 employees.
Due to COVID-19, e-commerce has exploded this year. In fact, e-commerce grew by 44.5% in Q2 which is the largest quarterly growth in more than 20 years. Target’s online sales grew by 195% while Walmart’s (WMT) online sales grew by 97%.
This is a great sign for brands that continue to enhance and promote their ecommerce presence but when we look at the TGT financials, we can see this stock is a risky investment.
The score of 8/20 shows us the financials are not strong enough and the share price of $132 vs a sticker price of $52 says this stock could nosedive.
It’s great to see brick and mortar retail stores see massive online traction but from an investment standpoint, we’ll have to pass.
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