Victoria’s Secret ( (VSCO) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Victoria’s Secret stock is on the rise as Jefferies and UBS have given it Buy ratings, highlighting the company’s strong Q3 performance and growing consumer interest. Although the latest earnings report revealed a dip in net profit, revenue growth has fueled optimism. Despite a Hold rating from Morgan Stanley, the general outlook remains positive, with analysts expecting the stock to outperform due to sales momentum and favorable valuation.
More about Victoria’s Secret
YTD Price Performance: -9.28%
Average Trading Volume: 2,553,854
Technical Sentiment Signal: Buy
Current Market Cap: $2.94B
For further insights into VSCO stock on TipRanks’ Stock Analysis page.
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