by Ian Cooper

In the blink of an eye, summer is almost over.

And as millions of kids head back to school, it’s time for investors to jump into oversold back to school stocks. Look at Target (TGT), for example.

After slipping from about $150 to $135.50, Target (TGT) appears to have caught strong support dating back to late 2023. It’s also oversold on RSI, MACD and Williams’ %R and could push aggressively higher, especially with back to school season already here.

Also, while Wells Fargo and JPMorgan just lowered their price targets on TGT, that negativity appears to have been priced in. Helping, analysts at Truist raised their price target to $156.

Also, analysts at UBS just said the stock is attractive heading into earnings.

“We think Target’s setup heading into the second-quarter print [on Aug. 21] is favorable. The sentiment for the stock has been mixed. The market is grappling with recession fears, uncertainty related to tariffs, recent volatility in consumer spending, and the risk to the second-half outlook. We think this cautious sentiment has weighed on the stock, leading to an even more favorable risk-reward profile,” according to the firm, as noted by Barron’s.

Walmart (WMT)

Even Walmart (WMT) is technically oversold at $67. It’s also just starting to pivot from over-extensions on RSI, MACD and Williams’ %R and could race back to $71 initially. Wells Fargo also just reiterated a buy rating on WMT with a $75 price target.

“The firm continues to favor Walmart given its offense/defense combo. Wells expects Walmart to deliver on the 3.0%-3.5% comp bar and sees potential for some upside to consensus EPS given management’s conservative track record on guidance. It also expects the company to further solidify its view of full year EPS above the high end of initial guidance,” says TheFly.com.

Amazon (AMZN)

Even Amazon (AMZN) has become ridiculously oversold and over-extended on RSI, MACD and Williams’ %R. From its last traded price of $166.04, we’re looking for an initial bearish gap refill at around $185 near term.