Vera Bradley's July Reset To Focus On Core Categories, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Small Cap Consumer Research analyst Eric M Beder maintains a Buy rating on Vera Bradley Inc (NASDAQ:VRA) with a $10.00 price target, highlighting the company's focus on core categories and the success of the new Belle collection. The analyst notes a shift towards smaller, novelty items in handbags and accessories, and anticipates a 'bumpy' period through 1HFY25 as Vera Bradley repositions for a 'New Day'. VRA shares rose 3.42% to $6.51.
March 25, 2024 | 5:13 pm
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Eric M Beder of Small Cap Consumer Research maintains a Buy rating on Vera Bradley with a $10 price target, citing focus on core categories and success of the Belle collection.
The positive outlook from the analyst, focusing on the company's strategic shift towards core categories and the success of new collections, suggests a bullish sentiment. The specific mention of a price target above the current trading price further supports a positive short-term impact on VRA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100