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Jim Cramer took sides in the biggest AI debate and discussed these 13 stocks. Target Corporation (NYSE:TGT) is one of the stocks analyzed by Jim Cramer.
Shares of merchandise retailer Target Corporation (NYSE:TGT) are up 35% over the past year and 25% so far this year. Wells Fargo discussed the company on May 12 when it raised its stock price target to $140 from $135 and maintained an Overweight rating on the stock. The bank commented that Target Corporation (NYSE:TGT) could report strong first-quarter earnings results and offer investors a bullish surprise and an increase in guidance. Barclays also raised its price target on the stock to $115 from $108 on the back of an improving sales environment. Target Corporation (NYSE:TGT) earnings saw its $25.4 billion in revenue and $1.71 in earnings per share beat analyst estimates of $24.64 billion and $1.46. Cramer spoke about the company after the report:
“Great numbers…well, so they thought it was very important, I think, to give some conservative guidance…last year was the launch of the Nintendo Switch, they had a fantastic launch of the Nintendo Switch, so it’s going to be very difficult. The 4% net sales growth, the guidance, reflects some moderation from the first quarter…but you have to remember, two percentage points higher than our initial guidance, which is what matters to me. They’re just moderating things…underpromise, overdeliver. I want to buy weakness. I think Target is on a major turnaround. A lot of this has to do with a complete change in merchandise. that hasn’t been done in a decade.
“I was talking about fashion with them… They just expanded the product line. It’s much better than it was a year ago. So don’t lose faith in that conservative guidance. Now you have it. Are you the old target now? I mean, everyone thinks they’re a shadow of their former self. It doesn’t have to be that way.”
While we recognize TGT’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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