Goldman Sachs Maintains Buy on Five Below, Lowers Price Target to $106
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 $124 to $106.
August 29, 2024 | 1:57 pm
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Goldman Sachs has maintained its Buy rating on Five Below but has reduced the price target from $124 to $106, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Five Below's potential, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100