Resilient Growth Potential: Ike Boruchow’s Buy Rating on Ross Stores Amid Tariff Challenges

Wells Fargo analyst Ike Boruchow maintained a Buy rating on Ross Stores (ROST – Research Report) today and set a price target of $150.00.

Ike Boruchow has given his Buy rating due to a combination of factors that suggest potential for growth despite current challenges. Ross Stores experienced a tough first quarter with some setbacks, such as tariff pressures and a withdrawal of full-year guidance due to uncertainty. However, the company showed signs of resilience as demand picked up towards the end of the quarter, with management expressing optimism about future trends.
Moreover, while the tariff impact is notable, Ross Stores’ management remains confident in their business model’s underlying health. The company has seen improvements in key areas like women’s apparel, and the final month of the quarter showed strong transaction-driven performance. These positive indicators, alongside management’s strategic approach to navigating tariff challenges, underpin Boruchow’s positive outlook on the stock.

In another report released today, Barclays also maintained a Buy rating on the stock with a $156.00 price target.