Goldman Sachs Maintains Buy on Five Below, Lowers Price Target to $124
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane maintains a Buy rating on Five Below (NASDAQ:FIVE) but lowers the price target from $163 to $124.

July 17, 2024 | 4:03 pm
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Goldman Sachs analyst Kate McShane maintains a Buy rating on Five Below but lowers the price target from $163 to $124.
The Buy rating suggests continued confidence in Five Below's long-term prospects, but the lowered price target indicates some concerns about near-term performance or market conditions. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100