Asia tech stocks slide tracking Wall St losses amid AI doubts, govt. uncertainty
On Friday, Loop Capital expressed continued confidence in National Vision Holdings (NASDAQ:EYE), maintaining a Buy rating and a price target of $18.00.
The firm's stance comes in the wake of the company's announcement regarding the upcoming departure of CFO Melissa Rasmussen and the release of preliminary financial results for the fourth quarter of 2024, which surpassed expectations.
National Vision revealed that Rasmussen will remain with the company through the fourth quarter earnings report, a factor Loop Capital views as non-problematic.
The firm's analysts highlighted the company's performance, stating that "we are particularly encouraged by National Vision's comparable store sales growth, which improved sequentially from 3Q 2024, including rising 200 bps on a two-year stacked basis."
The analysts from Loop Capital underscored the positive indicators from National Vision's recent performance, which suggests a continuing upward trend for the company.
The reiteration of the Buy rating and the $18 price target is a reflection of the firm's optimism about National Vision's market position and growth prospects.
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