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...