These are analysts favorite retails stocks with more than 30% upside potential.
Surging inflation, inventory gluts and fears of slowing consumer spending battered some popular retail stocks in 2022, but analysts think some of these names are poised for a rebound in the new year. The SPDR S & P Retail ETF , which tracks the sector, plummeted 33% as companies grappled with this difficult macro environment and fears of a slowdown in spending on discretionary goods.
mountain Shares are up nearly 8% in 2023 Franchise Group , meanwhile, made headlines last year on news that it was briefly in talks to acquire Kohl's . The owner of The Vitamin Shoppe shed 54% in 2022, but analysts expect good times ahead for the stock. Eighty-percent of analysts say shares are a buy, with the consensus price target implying 33% upside from Thursday's close.
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