Victoria’s Secret price target raised to $47 from $32 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Victoria’s Secret (VSCO) to $47 from $32 and keeps a Neutral rating on the shares. Victoria’s Secret posted a broad-based Q3 beat and raise of its FY25 guidance, the analyst tells investors in a research note. Relevant marketing and fresh product fueled the momentum, which drove an inflection back to growth in Victoria’s Secret’s customer file, and Goldman is increasingly constructive on the business.