Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Gap Inc (NYSE: GPS) improved of late. GPS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Gap Inc (NYSE: GPS) stock closed at $23.48 on 4/8/24 after a decline of -3.2%. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, GPS is expected to continue to be a major Value Builder.
Gap has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Gap has a poor Appreciation Score of 27 but a very high Power Rating of 100, leading to the Positive Value Trend Rating.
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