Ross Stores price target raised to $265 from $240 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Ross Stores (ROST) to $265 from $240 and keeps an Outperform rating on the shares. The momentum generated in the second half of 2025 through the holiday period continued into early FY26 results, with stronger topline growth and gross margin expansion, the analyst tells investors. Looking ahead, the firm believes Ross can continue to benefit from secular growth as lower-to-middle class income consumers look for value and CEO Jim Conroy’s initiatives begin to bear fruit long-term.