Wall Street Sees 116% Upside for This Beaten-Down Stock. Here's Why I'm Still Cautious
The retail landscape looks depressing in general, but for retailers that were facing challenges prior to inflation, it looks downright miserable. Current economic trends are only exacerbating real problems. So even if a company posts better-than-expected results, it needs to be viewed in the larger scheme of internal and external factors.
Wall Street has a price target of as much as 116% higher for (NYSE: GPS) stock, but I'm remaining cautious about it. Here's why.
Gap has been having trouble growing its business for years. It's been at its game for decades, so staying relevant requires agility and meeting shifting trends. But Gap has been unable to do that well.
Source Fool.com
Gap Inc. Stock
€20.09
0.700%
Gap Inc. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
With a target price of 22 € there is a slightly positive potential of 9.51% for Gap Inc. compared to the current price of 20.09 €.
