In a recent development, Citigroup has maintained its "Buy" rating for Boot Barn Holdings (BOOT, Financial), while significantly raising its price target. Analyst Steven Zaccone adjusted the price target from $137.00 to $180.00, reflecting a 31.39% increase. This adjustment highlights a positive outlook for Boot Barn Holdings as perceived by Citigroup.
Boot Barn Holdings (BOOT, Financial), a prominent name on the New York Stock Exchange, continues to capture investor interest following this upward revision. Citigroup's reassessment of the company's potential underscores confidence in Boot Barn Holdings' growth trajectory. Investors closely monitoring Boot Barn's performance should note the increased price target as a key indicator of market expectations.
As of the latest update on May 16, 2025, Citigroup's revised price target of $180.00 for Boot Barn Holdings (BOOT, Financial) aligns with the ongoing positive sentiment surrounding the company's prospects. The maintained "Buy" rating further reinforces the analyst's belief in the stock's potential, making BOOT a focal point for market observers.
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 $174.69 with a high estimate of $210.00 and a low estimate of $115.00. The average target implies an upside of 10.75% from the current price of $157.73. 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 27.51% from the current price of $157.73. 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.
