Recession Resistant Investing: 10 Best Grocery Stocks To Buy Now

5. Target Corporation (NYSE:TGT)

Number of Hedge Fund Holders: 56

Target Corporation (NYSE:TGT) is a retail giant operating over 2,000 discount department stores and hypermarkets across the US and Canada. It serves its customers various items, including food, everyday essentials, differentiated merchandise at discounted prices, and general merchandise. Its merchandise categories span organic food and beverages, groceries, dairy, and others. The company ranks on our list of the best grocery stocks to buy in a recession.

Although Target Corporation’s (NYSE:TGT) stock forecast has suffered due to rising tariffs, bulls still see a silver lining. Despite consumer spending shifts, margin pressures, and tariff risks, some analysts believe the company’s focus on affordable goods and US-based supply chains may help it combat the current challenges.

On April 21, Raymond James upgraded Target Corporation (NYSE:TGT) to Outperform, giving it a vote of confidence. Although the firm’s price target wasn’t revealed, analysts opined that the company’s operational model holds the capacity to weather macro headwinds better than others. The firm’s analysts further said they believed in Target Corporation’s (NYSE:TGT) core value proposition and pricing power, which help it maintain market share in a challenging environment.