Analyst Brooke Roach from Goldman Sachs maintained a Buy rating on Gap Inc and keeping the price target at $26.00.
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Brooke Roach has given his Buy rating due to a combination of factors including Gap Inc’s recent financial performance and strategic initiatives. The company reported a better-than-expected second quarter, with Gap and Old Navy brands showing positive comparable sales growth, which indicates healthy consumer engagement.
Additionally, management’s proactive approach to addressing tariff impacts and their commitment to mitigating these effects over time have been viewed positively. Despite some challenges with the Athleta brand, the overall momentum in Gap’s core brands and the strategic focus on category expansion and marketing have contributed to a favorable outlook. These elements combined suggest a promising trajectory for Gap Inc, justifying the Buy rating.
In another report released on August 29, TD Cowen also maintained a Buy rating on the stock with a $29.00 price target.
GAP’s price has also changed slightly for the past six months – from $22.610 to $21.680, which is a -4.11% drop .