Five Below price target raised to $195 from $170 at Telsey Advisory

Telsey Advisory analyst Joseph Feldman raised the firm’s price target on Five Below (FIVE) to $195 from $170 and keeps an Outperform rating on the shares. The company reported “very strong” Q3 results that “blew away expectations,” the analyst tells investors. While Five Below should continue to benefit from HSD annual unit growth and healthy consumer demand, tariffs remain a headwind, although not as stiff as the company anticipated, the firm adds.