Barclays raised the firm’s price target on Five Below (FIVE) to $160 from $135 and keeps an Equal Weight rating on the shares following the Q3 report. The company’s Q3 results came in well ahead of expectations with momentum continuing into Q4, shrink improving, and tariff impact coming in better, the analyst tells investors in a research note.
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Read More on FIVE:
- Cautious Outlook on Five Below: Strong Sales Momentum Overshadowed by Potential Earnings Decline and Profitability Challenges
- Five Below: Strong Q3 Performance Amid Growth Sustainability Concerns
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- Five Below raises FY25 EPS view to $5.51-$5.69 from $4.76-$5.16, consensus $5.21
