Evaluating Boot Barn Holdings: Insights From 14 Financial Analysts
Portfolio Pulse from Benzinga Insights
In the last three months, 14 analysts have published ratings on Boot Barn Holdings (NYSE:BOOT), with a majority being bullish. Analysts have raised their 12-month price targets, reflecting an average target of $129.5, a 19.91% increase from the previous average. Despite revenue challenges, Boot Barn Holdings shows strong net margins and effective asset utilization.
July 19, 2024 | 8:01 pm
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Boot Barn Holdings (NYSE:BOOT) has received predominantly bullish ratings from 14 analysts over the past three months. The average 12-month price target has increased to $129.5, reflecting a 19.91% rise. Despite a recent revenue decline, the company maintains strong net margins and effective asset utilization.
The majority of analysts have given bullish ratings, and the average price target has increased significantly. This positive sentiment is likely to drive short-term price appreciation. However, the revenue decline may temper some of the enthusiasm.
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