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 stocks are on the rise as multiple firms, including Telsey Advisory, TD Cowen, Goldman Sachs, and UBS, have raised their price targets. This upward movement is attributed to the company’s strong Q3 performance, improved business momentum, and strategic brand repositioning. Analysts highlighted the company’s earnings per share (EPS) beat and strengthened guidance as key reasons for the adjustments. The leadership’s successful strategies and a growing customer base are expected to keep driving the brand’s growth.
More about Victoria’s Secret
YTD Price Performance: 21.35%
Average Trading Volume: 2,493,035
Technical Sentiment Signal: Buy
Current Market Cap: $3.93B
For further insights into VSCO stock on TipRanks’ Stock Analysis page.
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