Analyst Stephen Macleod from BMO Capital maintained a Buy rating on Aritzia and keeping the price target at C$104.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Stephen Macleod has given his Buy rating due to a combination of factors including Aritzia’s impressive web traffic growth and strong customer engagement, particularly in the U.S. market. The company’s total web traffic saw a notable acceleration, with a 21% increase in September compared to the previous month, indicating heightened customer interest and successful marketing strategies.
Aritzia’s strategic initiatives, such as digital investments and new boutique openings, have positioned it well for continued growth, especially in the U.S. where both new and returning user metrics are robust. Despite some challenges like tariff headwinds, the company’s unique market positioning and the potential for revenue acceleration and margin expansion make it an attractive investment opportunity with a favorable risk-reward profile.
In another report released on October 10, Raymond James also maintained a Buy rating on the stock with a C$100.00 price target.