Gap Inc (GAP – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Matthew Boss from J.P. Morgan maintained a Buy rating on the stock and has a $29.00 price target.
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Matthew Boss has given his Buy rating due to a combination of factors that highlight Gap Inc’s strong performance and future potential. The company reported first-quarter earnings per share that exceeded market expectations, driven by revenue growth and improved operating margins. Notably, both the Gap brand and Old Navy showed impressive same-store sales growth, with the Gap brand leading the charge.
Looking forward, Gap Inc’s management has reiterated its guidance for fiscal year 2025, projecting steady sales growth and significant operating income increases. Despite potential tariff headwinds, the company expects to mitigate these impacts effectively. Additionally, strategic initiatives under the leadership of CEO Dickson, such as improved merchandising and marketing, are expected to support continued growth and profitability, making Gap Inc an attractive investment opportunity.
According to TipRanks, Boss is a 3-star analyst with an average return of 0.5% and a 46.93% success rate. Boss covers the Consumer Cyclical sector, focusing on stocks such as Ross Stores, Abercrombie Fitch, and American Eagle.
In another report released today, Citi also maintained a Buy rating on the stock with a $30.00 price target.