Ross Stores (ROST) Stock Forecast & Price Target

Ross Stores
Bull Case

Here are some ways that investors could benefit from investing in Ross Stores, Inc.:

• The stock is currently trading at $230.57, which is below the average twelve-month price objective of $263.76 set by twenty-one analysts, suggesting potential upside as the consensus rating remains a "Moderate Buy."
• Ross Stores, Inc. recently completed its fiscal 2026 expansion plan by opening 51 new locations, including 41 Ross Dress for Less and 10 dd's DISCOUNTS stores, reaching a total of 2,377 locations and demonstrating strong demand for affordable merchandise.
• The company reported strong financial performance in its most recent quarter, with earnings per share of $2.66 significantly topping the consensus estimate of $1.95, and revenue of $6.26 billion exceeding the consensus estimate of $6.16 billion.
• Zacks Research recently upgraded Ross Stores, Inc. from a "hold" rating to a "strong-buy" rating, adding it to their Zacks Rank #1 list, which indicates a positive outlook on the company's earnings momentum.
• Institutional investors are increasing their confidence in the company, with Wellington Management Group LLP increasing its holdings by 89.2% in the second quarter and Elevation Point Wealth Partners LLC lifting its holdings by 459.5% in the first quarter.