Guggenheim raised the firm’s price target on Five Below (FIVE) to $165 from $155 and keeps a Buy rating on the shares. Most investors expected a “sizable” Q2 beat and “healthy” initial Q3 outlook, but the longer a tariff-related slowdown is side-stepped, the “more confidence builds around a solid, potentially better-than-guided Holiday,” the analyst tells investors in a post-earnings note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FIVE:
- Five Below price target raised to $150 from $142 at Citi
- Nvidia reports Q2 beat, Snowflake posts ‘beat and raise’: Morning Buzz
- Five Below upgraded, Bill downgraded: Wall Street’s top analyst calls
- Five Below price target raised to $148 from $141 at Truist
- Video: Futures point to flattish open after Nvidia earnings