Five Below price target raised to $206 from $195 at Bernstein

Bernstein raised the firm’s price target on Five Below (FIVE) to $206 from $195 and keeps a Market Perform rating on the shares. The firm says Q4 finds U.S. Retail at an interesting juncture. On the one hand, consumer sentiment remains weak. Food inflation has rebounded despite egg price deflation. On the other hand, a rotation out of growth and technology stocks has buoyed the sector year-to-date. Further, there are puts and takes on the macro – drug pricing, SNAP, tariff reversals, tax refunds, and a potential World Cup bounce – that make it hard for investors to chart a course through FY26, Bernstein adds.