Levi’s stock slips 1.89% as analysts clash over its future value
Shares of Levi's have dipped slightly, closing at 21.34 USD after a 1.89% drop. Despite this, analysts remain divided on the stock's future value in the stock market. Several firms have set price targets ranging from 26 USD to 33 USD.
UBS recently raised its price target for Levi's to 33 USD, up from 32 USD. The firm kept its 'buy' recommendation, suggesting strong confidence in the brand's growth. However, the market's response was muted, with the stock failing to reflect the potential 54% upside implied by UBS's forecast.
Other analysts present a more conservative view. FactSet's average target sits at 27.29 USD, based on input from 13 experts. A broader survey of analysts places the consensus around 27.21 USD, with estimates clustering between 26 USD and 27 USD. Raymond James, for instance, maintains a 26 USD target, well below UBS's optimistic projection. The gap between UBS's 33 USD forecast and the wider market's 27 USD average highlights differing expectations. While some see significant room for growth, others remain cautious about the stock's near-term performance in the stock market.
Levi's currently trades at 21.34 USD, far below even the lowest analyst target of 26 USD. The disparity between UBS's bullish outlook and the broader consensus suggests mixed investor sentiment. The stock's next moves will likely depend on whether upcoming results align with either the optimistic or conservative forecasts.
