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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue