Movado Group: Reaccelerating Top-Line Growth Supports Buy Rating and $31.50 Target

Analyst Hamed Khorsand of BWS Financial maintained a Buy rating on Movado Group, retaining the price target of $31.50.

Hamed Khorsand has given his Buy rating due to a combination of factors that point to improving fundamentals and renewed growth momentum at Movado Group. He notes that the company exited the key holiday period in a better position than the market anticipated, with the October 2025 quarter already showing demand levels above his prior projections. This strength appears to be a continuation of positive trends seen earlier in the year, suggesting that underlying consumer interest in Movado’s brands remains solid. In response to these developments, he increased his estimate for fourth-quarter revenue to $182.1 million, which now reflects a modest year-over-year gain rather than flat or declining sales.

Khorsand also emphasizes that the company’s fiscal fourth quarter runs through January and results will not be reported until April, creating an interim information gap that may require investor patience. However, he views the return to top-line growth as a potential catalyst for renewed investor attention, especially given the scarcity of compelling growth stories in the retail sector. In his view, Movado’s ability to resume sales expansion positions the stock attractively relative to peers. Taken together, these factors support his conclusion that the shares offer favorable upside potential over the coming 12 months, justifying a Buy recommendation and a $31.50 price target.

According to TipRanks, Khorsand is a 5-star analyst with an average return of 13.2% and a 57.26% success rate. Khorsand covers the Technology sector, focusing on stocks such as Innodata, Adeia, and Ubiquiti Networks.

In another report released on January 26, Northland Securities also maintained a Buy rating on the stock with a $30.00 price target.