Boot Barn (BOOT) Stock Forecast & Price Target

$129.81

+7.62 (+6.24%)

(As of 07/26/2024 ET)

Boot Barn - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 13 Analyst Ratings

Based on 13 Wall Street analysts who have issued ratings for Boot Barn in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 4 have given a hold rating, and 9 have given a buy rating for BOOT.

Consensus Price Target

$132.09
1.76% Upside

High Forecast	$154.00
Average Forecast	$132.09
Low Forecast	$83.00

According to the 13 analysts' twelve-month price targets for Boot Barn, the average price target is $132.09. The highest price target for BOOT is $154.00, while the lowest price target for BOOT is $83.00. The average price target represents a forecasted upside of 1.76% from the current price of $129.81.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	10 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$132.09	$123.36	$105.56	$93.18
Forecasted Upside	1.76% Upside	16.60% Upside	23.55% Upside	19.43% Upside

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BOOT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BOOT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Boot Barn Stock vs. The Competition

Type	Boot Barn	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.69	2.45	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.76% Upside	52.22% Upside	9.15% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/24/2024	UBS Group 4 of 5 stars	J. Sole Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$140.00 ➝ $125.00	+2.01%
7/22/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$125.00 ➝ $146.00	+18.65%
7/19/2024	Citigroup 3 of 5 stars		Boost Target	Buy ➝ Buy	$122.00 ➝ $154.00	+28.70%
6/10/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$110.00 ➝ $140.00	+9.37%
6/7/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$100.00 ➝ $132.00	+2.56%
6/5/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $150.00	+16.39%
Get the Latest News and Ratings for BOOT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Boot Barn and its competitors with MarketBeat's FREE daily newsletter.
6/5/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $150.00	+16.37%
6/5/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $145.00	+12.49%
4/16/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$94.00 ➝ $110.00	+12.07%
2/7/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
2/1/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$92.00 ➝ $83.00	+15.70%
1/16/2024	Williams Trading Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
8/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$113.00 ➝ $118.00	+24.25%
5/18/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
8/11/2022	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Kummetz Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
7/28/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$140.00 ➝ $90.00	+48.37%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:38 AM ET.

BOOT Forecast - Frequently Asked Questions

What is Boot Barn's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Boot Barn is $132.09, with a high forecast of $154.00 and a low forecast of $83.00.
Should I buy or sell Boot Barn stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Boot Barn in the last twelve months. There are currently 4 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BOOT shares.
Does Boot Barn's stock price have much upside?: According to analysts, Boot Barn's stock has a predicted upside of 14.32% based on their 12-month stock forecasts.
Has Boot Barn been downgraded by Wall Street analysts recently?: Over the previous 90 days, Boot Barn's stock had 1 downgrade by analysts.
What analysts cover Boot Barn?: Boot Barn has been rated by research analysts at Benchmark, BTIG Research, Citigroup, Craig Hallum, JPMorgan Chase & Co., Robert W. Baird, TD Cowen, and UBS Group in the past 90 days.
Do Wall Street analysts like Boot Barn more than its competitors?: Analysts like Boot Barn more than other "retail/wholesale" companies. The consensus rating for Boot Barn is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how BOOT compares to other companies.