Morgan Stanley analyst Simeon Gutman maintained a Buy rating on Dick’s Sporting Goods yesterday and set a price target of $253.00.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Simeon Gutman has given his Buy rating due to a combination of factors that highlight the positive outlook for Dick’s Sporting Goods. The company has demonstrated strong business momentum, particularly through its strategic partnerships with key brands and its focus on enhancing its omnichannel capabilities. This approach is expected to continue driving market share gains and expanding operating margins over time.
Furthermore, despite some near-term challenges with the acquisition of Foot Locker, the potential for a successful turnaround presents significant upside. The core business of Dick’s Sporting Goods remains robust, as evidenced by consistent comparable sales growth and improving gross margins. These factors, combined with a favorable risk/reward profile, underpin Gutman’s optimistic view and the reiterated price target, suggesting substantial upside potential for investors.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $228.00 price target.