JP Morgan Maintains Overweight on Five Below, Raises Price Target to $222
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Korn has maintained an Overweight rating on Five Below (NASDAQ:FIVE) and increased the price target from $217 to $222.
January 29, 2024 | 10:30 am
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POSITIVE IMPACT
JP Morgan analyst Matthew Korn has reaffirmed an Overweight rating on Five Below and raised the price target to $222, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Matthew Korn from JP Morgan is a strong positive signal to the market, suggesting a belief in the company's potential for growth and profitability. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100