Ross Stores To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Friday
Key takeaways
- The stock closed at $228.99 on Thursday.
- Price target raised from $250 to $270
- Outperform rating maintained
- Stock closed at $228.99
What happened
The stock closed at $228.99 on Thursday.
Why it matters
The $20 lift reflects Baird’s view that Ross Stores’ earnings and margin expansion will support higher valuation multiples, signaling confidence in the retailer’s profitability outlook.
Short-term and longer-term
Short-term. Baird’s $20 lift to $270 suggests the market may see Ross Stores’ earnings growth as stronger than previously thought.
Longer-term. The upgrade reflects confidence in Ross Stores’ ability to sustain margin expansion amid rising costs.