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Investing.com - Bernstein analyst Pujarini Ghosh reiterated an Outperform rating and $130.00 price target on Chico’s, Inc. (NYSE:CHS) on Wednesday. The stock has shown remarkable momentum, delivering a 215% return year-to-date and an impressive 530% return over the past year. According to InvestingPro analysis, the stock appears overvalued at its current price of $0.45.
The analyst noted that Chico’s targets are "better than expectations, but achievable" and expressed continued encouragement about the stock’s outperformance potential.
Chico’s hosted a Capital Markets Day yesterday, providing its first strategic update since September 2023, where the company outlined growth, margin and free cash flow conversion guidance through 2030.
The company guided to 7-9% revenue compound annual growth rate (CAGR) for 2026-30, with management indicating this would be evenly split between organic and inorganic growth.
Bernstein is forecasting 7.3% annual growth over 2026-28, at the lower end of the guidance, with approximately 5% expected from organic growth and about 2% from inorganic growth.
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