There’s a New Top Bull on Five Below Stock. Here’s Why UBS Lifted Its Target Price
Key Takeaways
- More of Five Below’s merchandise appeals to customers, and the retailer has strong foot traffic and transaction volume trends, UBS said.
- These shifts prompted UBS analysts to raise their price target for the Five Below shares to $160.
- UBS’ target is well above the $128 average price target among analysts polled by Visible Alpha.
Five Below’s performance is no longer fueled by fads like Squishmellow or fidget spinners. Its broadening appeal has made UBS one of the retailer’s biggest Wall Street backers.
UBS increased its target price for Five Below (FIVE) shares by $50, to $160, after the company handed in better-than-expected first-quarter results Wednesday afternoon. The analysts’ new price target is 25% above the…
