Five Below (FIVE) PT Raised to $112 at Truist

Truist Securities analyst Scot Ciccarelli raised the price target on Five Below (NASDAQ: FIVE) to $112.00 (from $81.00) while maintaining a Hold rating.

The analyst commented: "Raising ests as co’s continue to downplay tariffs/strong 1H sales; While we tried to get “ahead of the pack” and proactively lower ests on several heavily tariffexposed co’s following “Liberation Day”, many of our co’s have since downplayed tariffs, due to their mitigation efforts. As a result, we are re-raising our ‘25/’26 EPS ests on FIVE to reflect less impact from tariffs than our post Liberation Day assumptions, as well as better than expected sales trends (1Q and thus far 2Q). If tariffs prove to be a complete non-event, FIVE still has some upside, but risks remain on future tariff changes, more difficult comparisons in 2H and future negative elasticity. Remain Hold; PT to $112 from $81."

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