JPMorgan has revised its price target for Abercrombie & Fitch (ANF, Financial), lowering it from $168 to $155. Despite this adjustment, JPMorgan continues to maintain an Overweight rating on the stock. The decision comes as the firm reevaluated its estimates in the department stores and specialty softlines sectors, following insights gathered from its recent retail conference.
This change reflects JPMorgan's ongoing assessment of market dynamics and potential growth within the retail sector. Investors in Abercrombie & Fitch should consider this updated target in their strategic planning and investment decisions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Abercrombie & Fitch Co (ANF, Financial) is $129.03 with a high estimate of $171.20 and a low estimate of $98.00. The average target implies an upside of 75.29% from the current price of $73.61. More detailed estimate data can be found on the Abercrombie & Fitch Co (ANF) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Abercrombie & Fitch Co's (ANF, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" 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 Abercrombie & Fitch Co (ANF, Financial) in one year is $73.98, suggesting a upside of 0.5% from the current price of $73.61. 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 Abercrombie & Fitch Co (ANF) Summary page.
