BofA raised the firm’s price target on Five Below (FIVE) to $132 from $110 and keeps an Underperform rating on the shares after a big comp beat drove earnings “well above” expectations. While the firm is raising its FY25 and FY26 EPS estimates both by 15% to $5.79 and $5.91, respectively, it is still concerned that when the comp normalizes, earnings growth will wane and the multiple will compress, the analyst tells investors.
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