On June 10, 2025, Goldman Sachs reinstated its coverage of Kontoor Brands (KTB, Financial), assigning a "Buy" rating. Renowned analyst Brooke Roach from Goldman Sachs led the coverage reinstatement, emphasizing confidence in the company's market potential.
Accompanying the "Buy" rating, Goldman Sachs announced a price target of $85.00 USD for Kontoor Brands (KTB, Financial). This price target represents the firm's outlook on the expected market performance of the company's shares. Notably, this is the first price target issued by Brooke Roach for Kontoor Brands since the reinstatement of coverage.
Kontoor Brands (KTB, Financial) investors and market watchers will be keen to see how this renewed analyst support impacts the company's stock movement in the coming months. The reinstatement of the coverage is a significant event, potentially influencing investor sentiment and trading activities around KTB.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Kontoor Brands Inc (KTB, Financial) is $78.83 with a high estimate of $92.00 and a low estimate of $48.00. The average target implies an upside of 13.76% from the current price of $69.30. More detailed estimate data can be found on the Kontoor Brands Inc (KTB) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Kontoor Brands Inc's (KTB, Financial) average brokerage recommendation is currently 2.5, 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 Kontoor Brands Inc (KTB, Financial) in one year is $62.54, suggesting a downside of 9.75% from the current price of $69.295. 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 Kontoor Brands Inc (KTB) Summary page.
