JPMorgan analyst Matthew Boss raised the firm’s price target on Five Below (FIVE) to $296 from $259 and keeps an Overweight rating on the shares post the earnings report. The company is seeing “great momentum” with its growth drivers in the early innings, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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 $261 from $236 at Truist
- Five Below price target raised to $287 from $247 at Deutsche Bank
- Balancing Strong Near-Term Momentum Against Valuation and Slowing Growth: Rationale for Maintaining a Hold on Five Below
- Five Below price target raised to $245 from $220 at Morgan Stanley
- Five Below price target raised to $305 from $260 at BofA