5 Best Delivery Stocks To Buy Now

Page 1 of 5

In this article, we discuss the 5 best delivery stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 11 Best Delivery Stocks To Buy Now

5. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 49   

BMO Capital analyst Kelly Bania has an Outperform rating on Target Corporation (NYSE:TGT) stock with a price target of $275. The analyst believes that Target Corporation (NYSE:TGT) has made a “prudent” decision to invest in the customer and value for the long-term, something that would help the firm accelerate share gains in the consumables sector. The analyst also lauded the same-day delivery service of Target Corporation (NYSE:TGT), citing it as a key to a loyal and growing customer base. 

GQG Partners is a leading shareholder in Target Corporation (NYSE:TGT) with 5.5 million shares worth more than $1.2 billion. Of the 867 funds tracked by Insider Monkey, 49 own a stake in Target Corporation (NYSE:TGT). The combined worth of these stakes is $4.3 billion. 

In its Q2 2021 investor letter, Nelson Capital Management, an asset management firm, highlighted a few stocks and Target Corporation (NYSE:TGT) was one of them. Here is what the fund said:

“We added Target (tkr: TGT) to our consumer staples sector. Target offers a broad array of products in owned and known brand items at affordable prices. Its omnichannel fulfilment centers allow customers to receive their items via in-store pickup, curbside pickup, same-day shipping and regular shipping while simultaneously reducing operating costs. With a significantly lower valuation than peers and a unique operating strategy, Target is an attractive holding.”

Page 1 of 5