Market Analysts see Gap, Inc. [GPS] gaining to $28. Time to buy?

GFAI Stock

Gap, Inc. [NYSE: GPS] traded at a high on Wednesday, posting a 6.39 gain after which it closed the day’ session at $21.65.

The results of the trading session contributed to over 11885432 shares changing hands. Over the past one week, the price volatility of Gap, Inc. stands at 4.29% while the volatility over the past one month is 3.71%.

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The market cap for GPS stock reached $8.09 billion, with 372.00 million shares outstanding and 221.08 million shares in the current float. Compared to the average trading volume of 8.46M shares, GPS reached a trading volume of 11885432 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Gap, Inc. [GPS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GPS shares is $21.97 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GPS stock is a recommendation set at 2.71. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Gap, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 07, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group raised their target price from $17 to $22. The new note on the price target was released on March 08, 2024, representing the official price target for Gap, Inc. stock. Previously, the target price had yet another raise from $16 to $20, while JP Morgan kept a Neutral rating on GPS stock. On November 17, 2023, analysts increased their price target for GPS shares from 11 to 17.

The Average True Range (ATR) for Gap, Inc. is set at 0.83, with the Price to Sales ratio for GPS stock in the period of the last 12 months amounting to 0.54. The Price to Book ratio for the last quarter was 3.10, with the Price to Cash per share for the same quarter was set at 5.01. Price to Free Cash Flow for GPS in the course of the last twelve months was 7.27 with Quick ratio for the last quarter at 0.78.

How has GPS stock performed recently?

Gap, Inc. [GPS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.74. With this latest performance, GPS shares gained by 1.88% in over the last four-week period, additionally plugging by 11.37% over the last 6 months – not to mention a rise of 159.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GPS stock in for the last two-week period is set at 50.39, with the RSI for the last a single of trading hit 53.04, and the three-weeks RSI is set at 49.48 for Gap, Inc. [GPS]. The present Moving Average for the last 50 days of trading for this stock 22.91, while it was recorded at 20.88 for the last single week of trading, and 17.94 for the last 200 days.

Gap, Inc. [GPS]: Deeper insight into the fundamentals

Gap, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.78 and a Current Ratio set at 1.42.

Earnings analysis for Gap, Inc. [GPS]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GPS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Gap, Inc. go to 14.40%.

Insider trade positions for Gap, Inc. [GPS]

The top three institutional holders of GPS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in GPS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in GPS stock with ownership which is approximately 5.8386%.

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