Boot Barn price target raised to $184 from $162 at Piper Sandler

Piper Sandler raised the firm’s price target on Boot Barn (BOOT) to $184 from $162 and keeps an Overweight rating on the shares following a solid Q4. Importantly, comparable sales trends the last 2.5 months have accelerated in impressive fashion despite tougher compares. Also, FY26 guidance was initiated slightly below the Street but appears to factor in a notable amount of conservatism on demand destruction from modest supplier-led price increases, Piper adds.