Wall Street Sees 116% Upside for This Beaten-Down Stock. Here's Why I'm Still Cautious
The retail landscape looks depressing in general, but for retailers that were facing challenges prior to inflation, it looks downright miserable. Current economic trends are only exacerbating real problems. So even if a company posts better-than-expected results, it needs to be viewed in the larger scheme of internal and external factors.
Wall Street has a price target of as much as 116% higher for (NYSE: GPS) stock, but I'm remaining cautious about it. Here's why.
Gap has been having trouble growing its business for years. It's been at its game for decades, so staying relevant requires agility and meeting shifting trends. But Gap has been unable to do that well.
Source Fool.com
Gap Inc. Stock
€21.35
-0.810%
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 23 € shows a slightly positive potential of 7.73% compared to the current price of 21.35 € for Gap Inc..
