DA Davidson analyst Michael Baker raised the firm’s price target on Grocery Outlet (GO) to $17 from $15 and keeps a Neutral rating on the shares. The company’s Q1 results show progress in improving execution and the stock has rebounded off of lows, the analyst tells investors in a research note. The firm further cites the company’s improved gross margin, which was a function of better inventory visibility as disruption from past systems upgrades now seem to be behind them.
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.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GO:
- Grocery Outlet price target raised to $17 from $14.50 at UBS
- Grocery Outlet price target raised to $19 from $18 at Wells Fargo
- Negative Outlook for Grocery Outlet Holding Due to Underperforming Sales and Overvaluation
- Balancing Long-Term Potential and Near-Term Challenges: A Hold Rating for Grocery Outlet Holding
- Grocery Outlet Reports Q1 2025 Financial Results