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Investing.com - Goldman Sachs raised its price target on Five Below (NASDAQ:FIVE) to $135.00 from $122.00 on Tuesday, while maintaining a Buy rating on the discount retailer’s stock.
The investment bank cited Five Below’s improving merchandising strategies as a key factor that could drive margin expansion and top-line outperformance over the coming quarters, despite the company’s significant tariff exposure to China.
Goldman Sachs noted that concerns about tariff impacts are likely already reflected in Five Below’s current valuation, given that management has provided earnings guidance accounting for future quarterly tariff effects.
The firm’s analysis includes data from HundredX showing improved brand perception year-to-date, which Goldman Sachs interprets as evidence that the retailer’s newly implemented strategies are performing well with consumers.
Based on strong quarter-to-date trends, Goldman Sachs raised its second-quarter earnings per share estimate to $0.59 from $0.54, while its fiscal year 2025 earnings per share forecast increased by $0.01 to $4.73.
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