BMO Capital analyst Simeon Siegel maintains $Gap Inc (GAP.US)$ with a hold rating, and adjusts the target price from $23 to $25.
According to TipRanks data, the analyst has a success rate of 54.3% and a total average return of 5.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Gap Inc (GAP.US)$'s main analysts recently are as follows:
Despite unfavorable weather conditions, Gap delivered a 14c EPS beat in Q3, attributed to its improved execution. However, there is a view that Gap's possibilities for significant top-line growth or margin expansion beyond this year are limited, considering the intensely competitive environment in which it operates.
Numerous sources of Q3 upside surprised, overshadowing the well-anticipated weakness at Old Navy. This leads to further conviction in the brand's reinvigoration execution, along with near- and long-term EPS upside potential.
Following a substantial Q3 earnings performance and an upgraded fiscal year sales and operating income forecast, the anticipated financial outlook for FY24 and FY25 has been positively adjusted. The amended projections reflect a 9% and 5% increase in expected EPS for FY24 and FY25, respectively, attributable to the Q3 earnings surpass.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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