Gap Still Has More to Prove Despite Gains
The near single-minded focus Gap (NYSE: GPS) has placed on the Old Navy brand looks to be paying off. The retailer in mid-November reported its fourth consecutive quarter of higher same-store sales and even managed to post higher comps at its namesake chain.
Gap expects Old Navy to reach $10 billion in sales over the next few years, and it remains the largest contributor of revenue to Gap, accounting for nearly half of the recent quarterly total of $3.8 billion.
Image source: Getty Images.
Source: Fool.com
Gap Inc. Stock
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As a result the target price of 23 € shows a slightly positive potential of 7.75% compared to the current price of 21.35 € for Gap Inc..
