Syeda Seirut Javed
2 min read
In This Article:
The TJX Companies, Inc. (NYSE:TJX) is one of the 10 stocks that Jim Cramer and analysts are watching. On June 2, JPMorgan raised the price target on the stock to $145 from $130 and maintained an Overweight rating. In the second half of May, the company’s price target was also raised by Loop Capital, Baird, and Morgan Stanley. After meeting with management, JPMorgan’s Matthew Boss noted that the company reaffirmed its outlook for 3%-4% same-store sales growth and 3% store expansion each year.
A busy retail store floor with customers trying on apparel and browsing the products.
On June 9, while discussing “terrific” names in retail, Cramer mentioned The TJX Companies, Inc. (NYSE:TJX) and said:
“And look, this is not isolated to tech. In retail, we had terrific names that reported great quarters, Costco and TJX, but then they failed to go up. Wow. They went down… It’s all rotation from companies that are excellent to ones with stocks that got too cheap. We’ll be safe if the market returns to Costco and TJX.”
The TJX Companies, Inc. (NYSE:TJX) is a retailer that sells discounted apparel, home goods, and a variety of other merchandise through both physical stores and online platforms. The company’s offerings include clothing, footwear, accessories, furniture, décor, kitchenware, and seasonal items.
While we acknowledge the potential of TJX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
