In a recent update, Goldman Sachs has maintained its "Buy" rating on Gap (GAP, Financial) while adjusting the price target. Analyst Brooke Roach announced that the price target for Gap has been lowered from $28.00 to $26.00.
The new price target represents a 7.14% decrease from the previous target, reflecting a recalibration of expectations for the company's future performance. Despite the lowered price target, the consistent "Buy" rating indicates sustained confidence in Gap's (GAP, Financial) potential upside in the market.
Goldman Sachs' decision to maintain the "Buy" rating suggests that they anticipate potential growth opportunities for Gap (GAP, Financial) despite the adjusted projection. Investors are advised to consider these updates in light of their investment strategies and market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Gap Inc (GAP, Financial) is $27.69 with a high estimate of $35.00 and a low estimate of $13.00. The average target implies an upside of 32.51% from the current price of $20.90. More detailed estimate data can be found on the Gap Inc (GAP) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Gap Inc's (GAP, Financial) average brokerage recommendation is currently 2.6, 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 Gap Inc (GAP, Financial) in one year is $19.14, suggesting a downside of 8.41% from the current price of $20.8979. 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 Gap Inc (GAP) Summary page.
