GAP (NYSE:GAP) Given New $35.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on GAP to $35 from $33 and kept an "overweight" rating, implying roughly a 46% upside
• Shares traded around $23.91 with a P/E of 11.15 and a market cap of $8.91 billion; GAP slightly missed quarterly EPS ($0.45 vs. $0.46) and issued FY2026 guidance of 2.200–2.350 EPS.
• Senior insiders sold large stakes on March 17 — the CEO sold 119,155 shares and the CFO 153,413 shares — contributing to about $9.43 million in insider sales last quarter and materially reducing their ownership positions.

GAP (NYSE:GAP - Get Free Report) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $33.00 to $35.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price points to a potential upside of 46.41% from the stock's current price.

Other equities analysts have also issued research reports about the company. Robert W. Baird set a $33.00 target price on GAP and gave the company an "outperform" rating in a research report on Wednesday, December 17th. Wells Fargo & Company set a $30.00 price objective on shares of GAP and gave the company an "overweight" rating in a research note on Tuesday, December 16th. UBS Group upgraded shares of GAP from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $26.00 to $41.00 in a research note on Wednesday, January 7th. Weiss Ratings cut shares of GAP from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, March 12th. Finally, Evercore boosted their target price on shares of GAP from $25.00 to $28.00 and gave the company an "outperform" rating in a research report on Friday, November 21st. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $30.62.

GAP Trading Down 0.7%

Shares of NYSE:GAP traded down $0.18 during trading on Friday, reaching $23.91. 3,336,515 shares of the company were exchanged, compared to its average volume of 8,006,380. The business's fifty day simple moving average is $26.77 and its 200-day simple moving average is $25.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.75 and a quick ratio of 1.08. GAP has a 12-month low of $16.99 and a 12-month high of $29.36. The firm has a market capitalization of $8.91 billion, a PE ratio of 11.15, a P/E/G ratio of 1.39 and a beta of 2.29.

GAP (NYSE:GAP - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). GAP had a return on equity of 22.98% and a net margin of 5.31%.The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.24 billion. During the same period in the previous year, the company posted $0.54 EPS. GAP's quarterly revenue was up 2.1% compared to the same quarter last year. GAP has set its FY 2026 guidance at 2.200-2.350 EPS. On average, research analysts anticipate that GAP will post 2.02 EPS for the current year.

Insider Buying and Selling

In related news, CEO Mark Breitbard sold 119,155 shares of GAP stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $23.80, for a total value of $2,835,889.00. Following the completion of the sale, the chief executive officer directly owned 135,884 shares in the company, valued at $3,234,039.20. This trade represents a 46.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Katrina O'connell sold 153,413 shares of the firm's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $23.85, for a total transaction of $3,658,900.05. Following the completion of the transaction, the chief financial officer directly owned 11,503 shares in the company, valued at approximately $274,346.55. The trade was a 93.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 395,823 shares of company stock valued at $9,428,942 over the last quarter. Corporate insiders own 30.56% of the company's stock.

Hedge Funds Weigh In On GAP

Several institutional investors have recently modified their holdings of GAP. Amundi acquired a new position in shares of GAP during the 1st quarter worth about $259,000. Geode Capital Management LLC raised its holdings in shares of GAP by 3.8% in the 2nd quarter. Geode Capital Management LLC now owns 4,166,545 shares of the company's stock valued at $91,399,000 after purchasing an additional 151,297 shares during the period. Rhumbline Advisers grew its holdings in GAP by 2.5% during the second quarter. Rhumbline Advisers now owns 607,470 shares of the company's stock worth $13,249,000 after purchasing an additional 15,053 shares during the period. New York State Common Retirement Fund increased its position in GAP by 16.6% during the second quarter. New York State Common Retirement Fund now owns 132,940 shares of the company's stock worth $2,899,000 after buying an additional 18,887 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of GAP by 177.0% in the second quarter. EverSource Wealth Advisors LLC now owns 7,016 shares of the company's stock valued at $153,000 after buying an additional 4,483 shares during the last quarter. Institutional investors own 58.81% of the company's stock.

GAP Company Profile

Gap Inc is a global specialty retailer renowned for its portfolio of apparel and accessories brands, including Gap, Banana Republic, Old Navy and Athleta. The company designs, sources and markets clothing across a broad price range and style spectrum, catering to men, women and children. Its offerings extend from everyday wardrobe essentials such as denim, tees and outerwear to performance and lifestyle pieces, reflecting each brand's distinct identity and price point.

Founded in San Francisco in 1969 by Donald and Doris Fisher, Gap Inc has grown into one of the world's largest apparel companies.

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