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Should You Buy Target's Stock Now or Wait Until 2023?

Should You Buy Target's Stock Now or Wait Until 2023?

Big-box retailer Target (NYSE: TGT) is having a tough year as profits are down, inventory levels are high, and the stock is down close to 30% year to date. There aren't many reasons to invest in the retail stock right now as it faces some big challenges ahead. Should you invest in Target today, or are you better off waiting until next year to see if the stock is a better buy then?