Bank of America Cuts Target on Canada Goose (GOOS:TSX) Stock to $17 from $20

Analyst Ratings Coverage

Bank of America (Rank#19) issued a research report on Canada Goose’s stock to $17 from $20 per share.  The analyst also reiterated their “Underperform” rating on the stock.

GOOS:CA Ratings by Stock Target Advisor

GOOS:TSX Stock Analysis

Canada Goose Holdings Inc (TSE: GOOS) is a well-known company in the fashion industry, particularly famous for its high-quality cold-weather outerwear. For investors interested in this Canadian clothing manufacturer, it’s valuable to analyze the recent analyst ratings and stock forecasts to gain insights into its potential performance.

Analyst Target Price and Ratings: According to a consensus of 5 analysts, the average analyst target price for Canada Goose Holdings Inc is CAD 23.71 over the next 12 months. This target price reflects their collective assessment of the company’s future potential and performance. Investors often use this target price as a reference point when making investment decisions.

It’s essential to consider the average analyst rating for Canada Goose Holdings Inc, which is “Buy.” Analyst ratings provide a quick summary of the sentiment surrounding the stock. In this case, the “Buy” rating indicates a positive outlook from the analysts who cover the company.

Stock Target Advisor Analysis: Stock Target Advisor, an independent analysis service, offers its own insights into Canada Goose Holdings Inc’s stock. Their analysis currently shows that the stock is “Slightly Bullish.” This assessment is based on a combination of 9 positive signals and 4 negative signals, suggesting that there is cautious optimism regarding the company’s performance.

Recent Stock Performance: As of the last closing, Canada Goose Holdings Inc’s stock price was CAD 19.11. To provide additional context, let’s examine its recent performance:

  • Over the past week, Canada Goose Holdings Inc’s stock price has increased by +1.06%. This short-term trend indicates positive momentum.
  • Over the past month, the stock price decreased by -6.87%. This might be attributed to various market factors and industry dynamics. (https://mundonow.com/)
  • Over the last year, the stock price decreased by -15.67%. It’s important to note that stock prices can be influenced by a wide range of economic and industry-specific factors.

Final Stock Analysis

In summary, Canada Goose Holdings Inc has received a “Buy” rating from analysts with an average target price of CAD 23.71. Stock Target Advisor’s analysis suggests a “Slightly Bullish” outlook. The recent stock performance shows both short-term gains and long-term challenges, emphasizing the importance of conducting thorough research before making investment decisions.

 

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