Gap Shares Plunge as Old Navy Slowdown Forces Lowered Sales Outlook
Gap stock fell after weak outlook. Sales missed slightly, Old Navy slowed, Athleta struggled, but profits outlook improved.
Gap stock fell after weak outlook. Sales missed slightly, Old Navy slowed, Athleta struggled, but profits outlook improved.
Gap delivered 8 straight quarters of positive sales growth and launched a $1B buyback, but tariffs and cautious profit forecasts sent shares tumbling nearly 8%.
UBS raises Gap stock rating to Buy with $41 price target, citing improved sales outlook, beauty and handbag expansion, and Athleta growth potential.
Wells Fargo adjusts ratings and price targets for Capri, Gap, and Victoria’s Secret, highlighting sector trends and optimism for 2026.
Gap delivered better-than-expected Q3 results, driven by strong performance at Old Navy, Gap, and Banana Republic, while Athleta continues to face challenges.
Jefferies upgrades Gap to Buy with a new $30 price target, citing strong brand turnaround, rising momentum at Athleta, and big potential in the beauty segment.