Goldman Sachs Maintains Buy on Gap, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brooke Roach has reaffirmed a Buy rating on Gap Inc. (NYSE:GPS) and increased the price target from $13 to $18, indicating a positive outlook on the company's stock.
November 17, 2023 | 2:06 pm
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Goldman Sachs analyst Brooke Roach maintains a Buy rating on Gap and raises the price target from $13 to $18, suggesting confidence in the company's future performance.
The increase in price target by a reputable analyst like Goldman Sachs typically signals a strong conviction in the company's potential for growth and profitability. This endorsement can positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100