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MarketBeat
MarketBeat
Business
Gabriel Osorio-Mazilli

Target Drops to COVID Lows: Buy the Dip or Cut Losses?

Investors rarely get a chance to pile into some of the United States’ leading names in the economy at discounts. Today’s opportunity comes within the retail sector, as a specific name has gone down to low prices not seen since the onset of the COVID-19 pandemic outbreak, making this opportunity a proverbial no-brainer buying potential moving forward into the rest of the year.

This chance at a fantastic risk-to-reward ratio comes through shares of Target Inc. (NYSE: TGT), one of the favorite supermarkets for America’s new generation and other demographics across the nation. While not as institutionalized or entrenched as Walmart Inc. (NYSE: WMT) or even Costco Wholesale Co. (NASDAQ: COST), Target does hold enough of the underlying market to justify investors taking a second look into its story.

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