Ross Stores (ROST) has experienced mixed returns, with investor confidence waning despite the stock experiencing a 10% surge in one trading session. Despite this, a myriad of investment outlines like
Private Advisor Group LLC and
USA Financial Formulas have increased their holdings significantly.
Analysts are maintaining a positive outlook, with anticipation surrounding their upcoming
earnings season. Their Q2 earnings and revenue estimates were surpassed, highlighting their potential as a strong growth and value stock. Moreover, they displayed impressive Q4 and Fiscal 2023 results. Despite a 26% drop since their last earnings report, analysts continue to champion ROST as a viable growth and value stock for the long-term. Their strategic efforts seem promising, and there's great potential for growth in 2024. The company is also expanding, recently opening 18 stores. Although they suffer from conservative forecasts due to inflation impacts on consumers, several analysts maintain a positive perspective. Despite some shareholders selling their shares, ROST's strong sales results and expert analyst outlook provide potential for a promising future.
Ross Stores ROST News Analytics from Sat, 12 Aug 2023 07:00:00 GMT to Wed, 15 May 2024 10:51:22 GMT -
Rating 4
- Innovation -5
- Information 6
- Rumor -2
