On May 15, 2025, JP Morgan analyst Matthew Boss reiterated his "Overweight" rating for Boot Barn Holdings (BOOT, Financial), a leading lifestyle retailer. This decision reflects continued confidence in the company's performance despite recent adjustments in stock value projections.
The action comes alongside a revision in Boot Barn's (BOOT, Financial) price target. JP Morgan has lowered the price target from $209.00 to $196.00, resulting in a decrease of approximately 6.22%. This adjustment indicates a cautious outlook on the company's near-term market performance, while still projecting positive long-term growth potential.
This rating update and price target adjustment for Boot Barn (BOOT, Financial) are crucial for investors to consider, as they evaluate the company's market positioning and future financial prospects. As always, market participants are advised to take various factors into account when making investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Boot Barn Holdings Inc (BOOT, Financial) is $161.31 with a high estimate of $200.00 and a low estimate of $100.00. The average target implies an upside of 21.43% from the current price of $132.84. More detailed estimate data can be found on the Boot Barn Holdings Inc (BOOT) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Boot Barn Holdings Inc's (BOOT, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boot Barn Holdings Inc (BOOT, Financial) in one year is $114.34, suggesting a downside of 13.93% from the current price of $132.84. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boot Barn Holdings Inc (BOOT) Summary page.
