Bond.az - JPMorgan reiterated an Overweight rating on Five Below Inc. (NASDAQ:FIVE) with a price target of $306.00.
Analyst Matthew Boss maintained the firm’s positive stance on the discount retailer.
The Overweight rating suggests JPMorgan expects Five Below shares to outperform the average total return of stocks the firm covers over the next 12 to 18 months.
Five Below operates a chain of specialty discount stores offering merchandise primarily priced at $5 and below. The retailer has delivered exceptional returns, with shares surging over 100% in the past year.
The $306 price target represents JPMorgan’s view of the stock’s fair value. With shares currently trading at $213.64, this implies an upside potential of approximately 43%.
