JPMorgan has revised its price target for American Eagle Outfitters, Inc. (AEO, Financial), reducing it from $15 to $10. This adjustment comes as part of a broader re-evaluation of estimates in the department store and specialty softlines sectors following the firm's recent retail conference.
The decision to lower the target reflects JPMorgan analyst Matthew Boss's updated outlook on the retail landscape. Despite the revision, the firm maintains a Neutral stance on American Eagle's stock, suggesting a cautious approach given the current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for American Eagle Outfitters Inc (AEO, Financial) is $13.00 with a high estimate of $19.00 and a low estimate of $10.00. The average target implies an upside of 22.18% from the current price of $10.64. More detailed estimate data can be found on the American Eagle Outfitters Inc (AEO) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, American Eagle Outfitters Inc's (AEO, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for American Eagle Outfitters Inc (AEO, Financial) in one year is $17.03, suggesting a upside of 60.06% from the current price of $10.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the American Eagle Outfitters Inc (AEO) Summary page.
