JPMorgan analyst Matthew Boss has revised the price target for Urban Outfitters (URBN, Financial), reducing it from $56 to $50. This decision reflects the firm's updated outlook following their recent retail conference, which included assessments of department stores and specialty softlines.
Despite the adjustment in the price target, the analyst maintains a Neutral rating for Urban Outfitters shares. The revised estimates highlight the firm's strategic evaluation of current market conditions and retail sector dynamics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Urban Outfitters Inc (URBN, Financial) is $57.25 with a high estimate of $70.00 and a low estimate of $42.00. The average target implies an upside of 22.46% from the current price of $46.75. More detailed estimate data can be found on the Urban Outfitters Inc (URBN) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, Urban Outfitters Inc's (URBN, Financial) average brokerage recommendation is currently 2.7, 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 Urban Outfitters Inc (URBN, Financial) in one year is $40.86, suggesting a downside of 12.6% from the current price of $46.75. 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 Urban Outfitters Inc (URBN) Summary page.
