Jim Cramer Says He Wants to "Hear a Plan That Can Get Target's Mojo Back"

Target Corporation (NYSE:TGT) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer highlighted the company’s woes, as he commented:

“We also get, this is much tougher, the earnings from Target under the tutelage of outgoing CEO Brian Cornell. Now, I want to hear a plan that can get Target’s mojo back, mojo being a technical term, meaning it’s gotta start doing better. Remember… this used to be a very popular chain, especially with young people, but Target’s struggled with price in this environment of persistent inflation. Even with its extra-special private label goods, there’s a price gap with Walmart, and that has to be solved.”

Target Corporation (NYSE:TGT) is a retailer that provides apparel, beauty products, groceries, electronics, home goods, seasonal items, and household essentials. A caller inquired about the company’s stock during the October 31 episode, and Cramer replied:

“Well, it does have a new CEO, and we haven’t seen the imprint yet. I will say this: these stocks are so out of favor that even if you buy the best of them, they’re not working. A longer-term view would say that it’s time to buy Walmart or one that I talked about with Jeff Marks… for the Charitable Trust, which is that Costco has come down so much that I think Costco is the way to go. I don’t care so much about the yield. Target has a big one. I care about growth, and Costco’s got that. That’s the way to go.”

While we acknowledge the potential of TGT 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.