From Yahoo Finance: 2025-05-27 13:04:00

Barclays raised The Gap Inc.’s price target to $33 and maintained an Overweight rating ahead of its fiscal Q1 2025 earnings release on May 29. The firm noted a stabilization in promotional activity and positive trends in the Old Navy brand, hinting at a potential turnaround.

The Gap Inc. reported 3% growth in comparable sales for fiscal Q4 2024, marking the eighth consecutive quarter of market share gains. Old Navy, the largest brand, also saw a 3% increase in comps. The company offers apparel, accessories, and personal care products through various brands.

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Read more: Barclays Maintains Overweight Rating on The Gap (GAP), Lifts PT