In a recent update, JP Morgan analyst Matthew Boss has reaffirmed his confidence in Boot Barn Holdings (BOOT, Financial), maintaining his "Overweight" rating on the stock. The report highlights a positive outlook for the company, supported by a revised price target.
Boss has increased the price target for Boot Barn Holdings (BOOT, Financial) from $196.00 to $207.00, a notable 5.61% increase. This adjustment signals a strengthened belief in the company's growth trajectory and market position.
The analyst's report, dated May 27, 2025, underscores the potential for further appreciation in Boot Barn's stock value. The raised price target suggests that (BOOT, Financial) is expected to benefit from favorable market conditions and strategic initiatives.
Investors and market watchers may find this development significant as it reflects continued confidence from a leading financial institution. The consistent "Overweight" rating further emphasizes the positive sentiment surrounding Boot Barn Holdings (BOOT, Financial).
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 $180.46 with a high estimate of $210.00 and a low estimate of $132.00. The average target implies an upside of 10.55% from the current price of $163.25. 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 $112.52, suggesting a downside of 31.07% from the current price of $163.245. 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.
