1 Growth Stock Down 49% to Buy Right Now

At first glance, Target (NYSE: TGT) does not appear to have much of a buy case. The retailer managed to increase foot traffic by 2% over the holidays. However, this translated into a modest 0.3% increase in comparable store sales.With those numbers, it's not surprising that the stock has lost 49% of its value since 2021, a long-term downtrend that has probably discouraged Target bulls. Nonetheless, that sell-off may present an opportunity for investors despite the anemic growth, and here's why.Target is one of the largest retailers in the U.S. It operates nearly 2,000 stores, with locations in all 50 states. It stands out by taking what many analysts and customers might consider an "upscale discount" approach, emphasizing high-quality goods at a reasonable price.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool