Bull Notes Galore for Gap Stock After Earnings
GPSGap(GPS) Schaeffers Research·2024-03-08 22:56

Retail giant Gap Inc (NYSE:GPS) yesterday announced better-than-expected fourth-quarter profits of 49 cents per share on 4.3billion.ThecompanyattributedtheresultstolowermarkdownsandstrongdemandforitsOldNavyproductsduringtheholidayseason.Atlastcheck,GPSisup4.44.3 billion. The company attributed the results to lower markdowns and strong demand for its Old Navy products during the holiday season. At last check, GPS is up 4.4% at 20.17. In response, six analysts raised their price target, including Barclays to 28from28 from 26. More tailwinds could stem from a round of upgrades, as 10 of 15 brokerage firms in coverage call GPS a "hold" or worse. Th ...