On 5/31/24, Gap Inc (NYSE: GPS) stock enjoyed a major increase of 28.6%, closing at $28.96. Moreover, exceptionally high trading volume at 641% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 40.9% during the last week.
Current PriceTarget Research Rating
GPS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Gap has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Gap has a poor Appreciation Score of 23 but a very high Power Rating of 100, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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