3 Stocks Near 52-Week Lows: Why They Could Be Smart Buys Today

Core Viewpoint - The stock market presents opportunities for investors to acquire shares of high-quality companies at reasonable discounts, particularly those trading near their 52-week highs [1] Group 1: Target Co. (NYSE: TGT) - Target stock has potential for a double-digit upside following a recent decline in its share price, which is currently at $132.20, approximately 72% of its 52-week high of $181.86 [2][6] - The consensus valuation for Target stock is set at $160 per share, indicating a potential rally of 21.3% from current levels [8] - Institutional investors, such as State Street, have increased their holdings in Target by 8.3%, bringing their total position to $5.5 billion, representing 7.7% ownership [9] Group 2: Enphase Energy Inc. (NASDAQ: ENPH) - Enphase Energy stock is currently priced at $71.35, which is 51% of its 52-week high of $141.63, with a price target of $101.13, suggesting a potential upside of 63% [9][12] - Analysts at J.P. Morgan Chase maintain an "Overweight" rating on Enphase Energy, anticipating that lower bond yields will positively impact the stock as they correlate with rising oil prices [12] Group 3: ASML Holding (NASDAQ: ASML) - ASML stock is trading at $680.05, which is 64% of its 52-week high of $1,110.09, with a price target of $961, indicating a potential upside of 41% [13][15] - J.P. Morgan Chase has reiterated an "Overweight" rating on ASML, suggesting that the stock's current discount presents a favorable risk-to-reward profile [14][15] - The market is willing to pay a premium for ASML, reflected in its price-to-book ratio of 14.9, compared to the computer sector's average of 7.1 [16]