The TJX Companies, Inc. (TJX) Gets Buy Rating on Market Share Expansion

The TJX Companies, Inc. (NYSE:TJX) ranks among the 14 safe stocks to buy now for a starter stock portfolio.

The TJX Companies, Inc. (TJX) Gets Buy Rating on Market Share Expansion

On March 4, UBS reaffirmed its Buy rating on The TJX Companies, Inc. (NYSE:TJX), with a price target of $193. According to the firm, TJX has the potential to capture significant market share from department store rivals in the coming years.

UBS states that TJX’s five-year CAGR in earnings per share is expected to be around 10.5%. The firm believes that a 30x price-to-earnings ratio is justified by this growth expectation.

Additionally, on February 26, Bernstein SocGen Group boosted its price target for The TJX Companies, Inc. (NYSE:TJX) to $175 from $170, maintaining an Outperform rating on the stock. The firm underlined the company’s outstanding year-end performance, including a 5% increase in fourth-quarter comparable sales plus a margin beat.

The TJX Companies, Inc. (NYSE:TJX) reported earnings per share of $1.43 in Q4, which exceeded the expected $1.39. Furthermore, the company exceeded its projected $17.36 billion in revenue, reaching $17.7 billion.

The TJX Companies, Inc. (NYSE:TJX) is the world’s leading off-price retailer, selling brand-name apparel, home fashions, and other goods at discounts compared to department store prices.

While we acknowledge the potential of TJX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TJX and that has 100x upside potential, check out our report about this cheapest AI stock.

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