Bank of America Boosts GAP (NYSE:GAP) Price Target to $23.00

Key Points

• Bank of America has raised its price target for GAP from $21.00 to $23.00, suggesting a potential upside of 5.89% from the stock's previous close, while maintaining a "neutral" rating.
• In contrast, Barclays and Zacks Research have downgraded their ratings on GAP, reflecting mixed sentiment among analysts, with a consensus rating of "Hold" and a target price of $25.87.
• GAP reported earnings of $0.57 per share for the latest quarter, exceeding analyst expectations, with revenue slightly up year-over-year at $3.73 billion.

GAP (NYSE:GAP - Get Free Report) had its price target increased by Bank of America from $21.00 to $23.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Bank of America's price target points to a potential upside of 5.89% from the stock's previous close.

A number of other research firms have also recently weighed in on GAP. Barclays cut GAP from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $24.00 to $19.00 in a research report on Friday, August 22nd. Zacks Research downgraded GAP from a "hold" rating to a "strong sell" rating in a research note on Wednesday. JPMorgan Chase & Co. raised their price target on GAP from $25.00 to $29.00 and gave the stock an "overweight" rating in a research report on Monday, May 19th. The Goldman Sachs Group lowered their price objective on GAP from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, July 22nd. Finally, Citigroup reiterated a "neutral" rating and issued a $22.00 target price (down previously from $30.00) on shares of GAP in a report on Wednesday, August 20th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.87.

GAP Trading Down 2.6%

GAP opened at $21.72 on Friday. GAP has a one year low of $16.99 and a one year high of $29.29. The company has a market cap of $8.18 billion, a P/E ratio of 9.40, a PEG ratio of 2.47 and a beta of 2.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.98 and a current ratio of 1.71. The business's 50-day simple moving average is $21.08 and its 200-day simple moving average is $21.73.

GAP (NYSE:GAP - Get Free Report) last announced its earnings results on Thursday, August 28th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $3.73 billion during the quarter, compared to analysts' expectations of $3.73 billion. GAP had a return on equity of 27.86% and a net margin of 5.80%.The business's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. GAP has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities research analysts expect that GAP will post 2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On GAP

A number of hedge funds have recently modified their holdings of GAP. Hexagon Capital Partners LLC acquired a new position in shares of GAP in the first quarter worth $30,000. First Horizon Advisors Inc. acquired a new stake in shares of GAP in the first quarter valued at about $75,000. Brooklyn Investment Group acquired a new stake in shares of GAP in the first quarter valued at about $80,000. Deseret Mutual Benefit Administrators acquired a new stake in shares of GAP in the first quarter valued at about $81,000. Finally, Covestor Ltd bought a new stake in shares of GAP in the first quarter valued at about $82,000. 58.81% of the stock is owned by institutional investors and hedge funds.

About GAP

Gap, Inc operates as a global apparel retail company, which offers clothing, apparel, accessories, and personal care products for men, women, and children. The firm operates through the following segments: Gap Global, Old Navy Global, Banana Republic Global, Athleta, and Other. The Gap Global segment includes apparel and accessories for men and women under the Gap brand, along with the GapKids, BabyGap, GapMaternity, GapBody, and GapFit collections.

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