UBS Lifts Ross Stores Target to $199; Citi, Goldman Raise to $224, $214
UBS lifted its Ross Stores price target by 10% to $199, maintaining a Neutral rating ahead of the fourth-quarter earnings report. Citi and Goldman Sachs also raised targets to $224 and $214 respectively, with Citi forecasting $2.00 EPS, 7% comparable-store growth and sector tailwinds driving momentum.
1. UBS Raises Price Target to $199
On February 17, UBS increased Ross Stores’ price target to $199 from $181 and maintained a Neutral rating, citing a balanced upside and downside skew as the company approaches its fourth-quarter earnings release.
2. Citi Uplifts Target to $224 with EPS and Sales Growth Forecast
On February 10, Citi raised its price target to $224 from $188, modeling $2.00 in Q4 EPS and projecting 7% comparable-store sales growth, and indicated results are likely to exceed consensus when reported on March 3.
3. Goldman Retains Buy Rating with $214 Target
Goldman Sachs also lifted its target to $214 from $190 and kept a Buy rating, highlighting structural benefits from consumer trade-down activity, healthier middle-income spending and modest unit retail growth driven by tariff-related pricing shifts.
4. Q4 Earnings Due March 3
Ross Stores is set to report fourth-quarter results on March 3, with analysts expecting upside to guidance based on strong comp-store momentum, EPS forecasts around $2.00 and ongoing off-price sector strength.