Breaking Down Abercrombie & Fitch: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Abercrombie & Fitch (NYSE:ANF) received mixed analyst ratings with an average 12-month price target of $115, marking a 19.17% increase from the previous target. Analysts from Citigroup, UBS, and Telsey Advisory Group raised their price targets, reflecting optimism about the company's performance. Abercrombie & Fitch has shown impressive financial milestones, including a 20.04% revenue growth and strong profitability indicators such as a 9.11% net margin and an 11.77% ROE.
February 27, 2024 | 5:00 pm
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POSITIVE IMPACT
Abercrombie & Fitch received updated analyst ratings and price targets, with an average 12-month price target of $115, indicating a positive outlook based on its recent financial performance.
The increase in the average price target to $115, up from $96.50, reflects analysts' optimism about Abercrombie & Fitch's future performance. This optimism is supported by the company's recent financial milestones, including significant revenue growth and profitability indicators such as net margin and ROE. The positive adjustments in analyst ratings and price targets suggest a bullish outlook for ANF in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100