Truist Securities has initiated coverage on Genesco (GCO, Financial) with an analyst rating of "Hold". This initial evaluation was announced by analyst Joseph Civello, providing a considered entry into coverage for this retail holding company.
The current price target set by Truist Securities for Genesco (GCO, Financial) is $23.00 USD. This announcement marks the first disclosed price target for Genesco by this analyst, as there is no prior target to reference or compare to.
While Truist Securities' rating action of “Hold” suggests a cautious outlook, this price target of $23.00 aims to offer investors a clear guidance on where the analyst estimates the stock could be valued in the market.
The announcement was made on May 28, 2025, reflecting the most current stance on Genesco (GCO, Financial) by Truist Securities in terms of rating and pricing targets. Investors may take note of this initial coverage as they evaluate their own positions or potential interest in Genesco.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Genesco Inc (GCO, Financial) is $23.50 with a high estimate of $24.00 and a low estimate of $23.00. The average target implies an upside of 8.60% from the current price of $21.64. More detailed estimate data can be found on the Genesco Inc (GCO) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, Genesco Inc's (GCO, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" 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 Genesco Inc (GCO, Financial) in one year is $35.35, suggesting a upside of 63.35% from the current price of $21.64. 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 Genesco Inc (GCO) Summary page.
