Shares of Five Below Inc (Symbol: FIVE) surged past the average analyst 12-month target price of $184.11, trading at $186.83 per share. This movement raises the question of whether analysts will downgrade on valuation or revise their target higher, reflecting the company’s potential growth.
There are 18 analysts contributing to the price target consensus, ranging from a low of $115.00 to a high of $215.00, with an average deviation of $25.561. Currently, 15 analysts have issued ‘Strong Buy’ ratings, 1 ‘Buy,’ and 1 ‘Hold,’ with no ‘Sell’ or ‘Strong Sell’ ratings reported.
The average analyst rating is 1.15, on a scale where 1 indicates ‘Strong Buy’ and 5 indicates ‘Strong Sell,’ suggesting positive sentiment towards the stock as investors evaluate its valuation against the recent price increase.
