share_log

Gap's Growth Drivers: Market Share Gains, Brand Momentum, And Raised Guidance – Analysts Weigh In

Benzinga ·  Nov 22 14:39

Wall Street analysts reratedGap, Inc(NYSE:GAP) after the company reported upbeat third-quarter print Thursday.

The company reported sales of $3.829 billion, beating analyst consensus of $3.812 billion. Earnings per share of 72 cents topped analyst estimates of 57 cents.

Also Read: Amazon Strengthens Anthropic Partnership with $8 Billion AI Investment

It now expects fiscal 2024 revenue of $15.124 billion – $15.198 billion, above the consensus of $14.956 billion.

BMO Capital analyst Simeon Siegel maintained Gap with a Market Perform and raised the price target from $23 to $25.

Telsey Advisory Group analyst Dana Telsey reiterated Gap with a Market Perform and a $26 price target.

BofA Securities analyst Lorraine Hutchinson...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment