Baird has adjusted its price target for Boot Barn Holdings, Inc. (BOOT, Financial), bringing it down from $133 to $120. This revision comes as the firm reevaluates its financial model to incorporate various tariff and macroeconomic factors that could impact the company's outlook.
Despite the target reduction, Baird maintains an Outperform rating on Boot Barn shares, indicating continued confidence in the company's potential to exceed market expectations. The adjustment reflects a more cautious approach in light of ongoing economic uncertainties that could affect the retail sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Boot Barn Holdings Inc (BOOT, Financial) is $171.92 with a high estimate of $200.00 and a low estimate of $100.00. The average target implies an upside of 84.23% from the current price of $93.32. More detailed estimate data can be found on the Boot Barn Holdings Inc (BOOT) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Boot Barn Holdings Inc's (BOOT, Financial) average brokerage recommendation is currently 1.7, 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 Boot Barn Holdings Inc (BOOT, Financial) in one year is $114.57, suggesting a upside of 22.77% from the current price of $93.32. 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 Boot Barn Holdings Inc (BOOT) Summary page.
