Analyst Stephen Macleod from BMO Capital maintained a Buy rating on Aritzia and increased the price target to C$100.00 from C$92.00.
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Stephen Macleod has given his Buy rating due to a combination of factors, including Aritzia’s robust web traffic growth and strong customer engagement, particularly in the U.S. market. The company’s U.S. web traffic saw a significant increase, indicating a growing brand presence and customer interest, which aligns with Aritzia’s strategic focus on expanding its U.S. operations.
Moreover, Aritzia’s financial outlook appears promising, with expectations of strong sales momentum and margin expansion. Despite potential challenges from tariff changes, the company’s ability to capitalize on its unique market positioning and drive growth in the U.S. presents a favorable risk-reward scenario. Macleod’s target price increase to $100 reflects confidence in Aritzia’s long-term growth potential and its transition into a phase of revenue acceleration.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ATZAF in relation to earlier this year.