Five Below price target raised to $260 from $225 at Guggenheim

Guggenheim analyst John Heinbockel raised the firm’s price target on Five Below (FIVE) to $260 from $225 and keeps a Buy rating on the shares. Outside of the COVID recovery, “we have rarely seen a brand with so much consumer momentum, let alone in a new CEO’s initial year,” says the analyst. However, this “creates the double-edged sword of potential and expectations,” adds the analyst. The firm is “further raising” its 2026-2028 estimates as well as its price target to “a conservative $260,” the analyst tells investors.