Cyber Monday 2023 Sales Expected To Hit $12B: Amazon, Walmart And Costco Stocks At Bargain Prices
Portfolio Pulse from Surbhi Jain
Cyber Monday 2023 is expected to break records with $12 billion in sales, up 6% from 2022. Amazon, Target, Walmart, Best Buy, and Costco are gearing up with deals. Amazon and Target stocks are trading below consensus price targets, suggesting a bargain, while Walmart's stock is also seen as undervalued. Best Buy and Costco stocks are trading above their consensus price targets, indicating they may not be bargains.
November 24, 2023 | 6:51 pm
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POSITIVE IMPACT
Amazon's Cyber Monday deals and its stock trading below the consensus price target suggest potential for short-term gains.
Amazon's extensive Cyber Monday deals and its current stock price being below the consensus price target could lead to increased sales and investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Target's stock is trading slightly below the consensus price target, indicating a possible bargain ahead of Cyber Monday.
Target's Cyber Monday sales and its stock trading just below the consensus price target may attract investors looking for short-term gains, potentially pushing the stock price up.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Walmart's stock is seen as undervalued with Cyber Monday sales expected to boost performance.
Walmart's stock is currently seen as undervalued compared to the consensus price target. With the anticipation of strong Cyber Monday sales, the stock may experience short-term growth.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 85
NEGATIVE IMPACT
Best Buy's stock is trading above the consensus price target, suggesting it may not be a bargain despite Cyber Monday deals.
Best Buy's stock is currently trading above the consensus price target, which could mean the stock is overvalued. Despite Cyber Monday deals, this may not translate into a positive short-term impact on the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Costco's stock is trading above the consensus price target, indicating no bargain is present ahead of Cyber Monday.
Costco's stock price is above the consensus price target, which may deter investors looking for a bargain. The Cyber Monday deals are unlikely to have a significant short-term positive impact on the stock price.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 70