Gap lifts sales view on strong demand for namesake brand, Old Navy; shares soar
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Gap, Inc. (GPS) PT Raised to $20 at CFRA
May 31, 2024 9:09 AM EDTCFRA analyst Zachary Warring raised the price target on Gap, Inc. (NYSE: GPS) to $20.00 (from $15.00) while maintaining a Sell rating.
The analyst comments "We raise our 12-month price target by $5 to $20, based on 12.5x our FY 25 (Jan.) EPS estimate and below the... More
Gap, Inc. (GPS) PT Raised to $18.50 at BofA Securities
May 31, 2024 5:51 AM EDTBofA Securities analyst Lorraine Hutchinson raised the price target on Gap, Inc. (NYSE: GPS) to $18.50 (from $15.50) while maintaining a Underperform rating.
The analyst comments "GPS reported 1Q adj EPS of $0.41, beating our/consensus $0.12/$0.13 estimates as brand turnaround initiatives take hold. 1Q... More
Gap, Inc. (GPS) PT Raised to $27 at JPMorgan
May 31, 2024 5:31 AM EDTJPMorgan analyst Matthew Boss raised the price target on Gap, Inc. (NYSE: GPS) to $27.00 (from $20.00) while maintaining a Neutral rating.
The analyst comments "We rate GPS Neutral. Our work points to (i) Old Navy/Gap stability (at ~80% of sales) with inventory right... More
Gap, Inc. (GPS) PT Raised to $32 at Evercore ISI
May 31, 2024 4:53 AM EDTEvercore ISI analyst Michael Binetti raised the price target on Gap, Inc. (NYSE: GPS) to $32.00 (from $24.00) while maintaining a Outperform rating.
The analyst comments "Tour of Force Across the P&L in 1Q: After a very solid Spring campaign (particularly at Old... More
