From Financial Modeling Prep: 2024-10-21 06:00:09

Goldman Sachs sets a price target of $9 for Canada Goose (NYSE:GOOS), indicating a potential downside of approximately -19.93%. Despite tripling revenues, the stock returns to its IPO price due to weak consumer spending in China and milder winters. GOOS is trading at a forward P/E ratio of 15.7, presenting a speculative buying opportunity.

Canada Goose (NYSE:GOOS) faces challenges in a tough luxury goods market. Goldman Sachs analyst Brooke Roach set a price target of $9, reflecting a -19.93% downside from the current price of $11.24. The stock’s return to its IPO price is attributed to issues in China and weather patterns affecting demand.

Despite strong revenue growth, Canada Goose (NYSE:GOOS) struggles as its stock returns to its IPO price. Weak consumer spending in China and milder winters contribute to this decline. However, potential stimulus in China and a La Niña weather pattern could boost demand. GOOS is trading at a forward P/E ratio of 15.7, offering a speculative buying opportunity.

Canada Goose (NYSE:GOOS) closed at $12.22, up 1.5% from the previous close. Zacks Investment Research notes the stock fluctuated between $11.10 and $11.30, with a market cap of around $1.09 billion. Despite challenges, investor optimism remains evident in GOOS’s performance amidst market volatility.



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